# Forte Biosciences funding: rounds and investors

> Forte Biosciences has raised $225M across 2 rounds since 2025. Investors include OrbiMed, Perceptive Advisors and Janus Henderson Investors.

Source: https://millionrounds.com/company/forte-biosciences (Millionrounds; every figure on the page links to its filing or article)

United States · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Forte Biosciences*

2 rounds we have observed, with the 3 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Biotech

Raised 7 months ago

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Funding summary Updated 27 Oct 2026

**$225M** raised across 2 rounds since 2025, from 2 sources

**$75M** Round **$150M** Round

- **Latest round:** Round, $150M Apr 2026
- **Step-up i:** 2×
- **Investors:** 3

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2026

**$75M** Round

**$150M** Round

- **First round:** Round, $75M
- **Biggest round:** $150M
- **Between rounds:** 10 months

## The rounds

- **Apr 2026** Round **$150M** *3 returning* [OrbiMed](https://millionrounds.com/fund/orbimed) [Perceptive Advisors](https://millionrounds.com/fund/perceptive-advisors) [Janus Henderson Investors](https://millionrounds.com/fund/janus-henderson-investors) Source recorded
- **Jun 2025** Round **$75M** *3 new* [OrbiMed](https://millionrounds.com/fund/orbimed) [Perceptive Advisors](https://millionrounds.com/fund/perceptive-advisors) [Janus Henderson Investors](https://millionrounds.com/fund/janus-henderson-investors) Source recorded

## Founders and team

From the SEC filings it signed: 3 on the team.

- **Antony Riley** Executive Officer i
- **Hubert Chen** Executive Officer i
- **Paul Wagner** Executive Officer, Director i

On the board, as filed i *Barbara Fink* *David Gryska* *Donald Williams* *Lawrence Eichenfield* *Scott Brun* *Stephen Doberstein* *Steven Kornfeld*

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Round** 2025 **Round** 2026 [OrbiMed](https://millionrounds.com/fund/orbimed) [Perceptive Advisors](https://millionrounds.com/fund/perceptive-advisors) [Janus Henderson Investors](https://millionrounds.com/fund/janus-henderson-investors)

## Everyone who backed them

[OrbiMed](https://millionrounds.com/fund/orbimed) Private equity **2** rounds

[Perceptive Advisors](https://millionrounds.com/fund/perceptive-advisors) Asset manager **2** rounds

[Janus Henderson Investors](https://millionrounds.com/fund/janus-henderson-investors) Private equity **2** rounds

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=forte-biosciences).

## Quick answers about Forte Biosciences

### Who invested in Forte Biosciences?

Forte Biosciences's investors include OrbiMed, Perceptive Advisors and Janus Henderson Investors.

### How much has Forte Biosciences raised?

Forte Biosciences has raised $225M across 2 rounds since 2025.

### When did Forte Biosciences last raise?

Forte Biosciences's most recent round was an Undisclosed round of $150M in Apr 2026.

### What was Forte Biosciences's biggest round?

Its most recent round, $150M in Apr 2026, is also its largest on record.

### Who backed Forte Biosciences first?

Forte Biosciences's first round on record, in Jun 2025, was backed by OrbiMed, Perceptive Advisors and Janus Henderson Investors.

### What stage is Forte Biosciences at?

Forte Biosciences's latest named round is an Undisclosed round, in Apr 2026.

### Where is Forte Biosciences based?

Forte Biosciences is based in the United States.

## Companies like Forte Biosciences

In the same sector, and raised in the last eighteen months.

[**Star Therapeutics** $325M · Oct 2026](https://millionrounds.com/company/star-therapeutics)[**Promaxo** $106M · Oct 2026](https://millionrounds.com/company/promaxo)[**Prolific Machines** $105M · Oct 2026](https://millionrounds.com/company/prolific-machines)[**IMIO** $19M · Oct 2026](https://millionrounds.com/company/imio)[**Rejuvenate Bio** $13M · Oct 2026](https://millionrounds.com/company/rejuvenate-bio)[**Clinical Ink** $24M · Oct 2026](https://millionrounds.com/company/clinical-ink)

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