# Kypha funding: rounds and investors

> Kypha has raised $11M across 7 rounds since 2012. Investors include Serra Ventures, BioGenerator and Missouri Technology Corporation.

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

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

# Who invested in *Kypha*

7 rounds we have observed, with the 6 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 Healthcare

Funding summary Updated 26 Oct 2026

**$11M** raised across 7 rounds since 2012, from 7 sources

**$206K** Venture **$750K** Venture **$398K** Venture **$200K** Round **$3.5M** Venture **$2.1M** Debt **$4.0M** Round

- **Latest round:** Round, $4.0M Dec 2018
- **Step-up i:** 1.9×
- **Investors:** 6

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.

2012 2013 2014 2015 2016 2017 2018

**$206K** Venture

**$750K** Venture

**$398K** Venture

**$200K** Round

**$3.5M** Venture

**$2.1M** Debt

**$4.0M** Round

- **First round:** Venture, $206K
- **Biggest round:** $4.0M
- **Usual gap between rounds:** 12 months

## The rounds

- **Dec 2018** Round **$4.0M** *1 new* [Arsenal Capital Management](https://millionrounds.com/fund/arsenal-capital-management) Reported by FinSMEs
- **Nov 2015** Debt **$2.1M** No investor was named in the report. From a historical funding record SEC filing: $2.1M sold, first sale Feb 2015
- **Nov 2014** Venture **$3.5M** *1 new* *2 returning* [Serra Ventures](https://millionrounds.com/fund/serra-ventures) [BioGenerator](https://millionrounds.com/fund/biogenerator) [Arsenal Capital Partners](https://millionrounds.com/fund/arsenal-capital-partners) From a historical funding record
- **Jul 2014** Round **$200K** *1 new* [Serra Ventures](https://millionrounds.com/fund/serra-ventures) From a historical funding record
- **Jan 2014** Venture **$398K** No investor was named in the report. From a historical funding record SEC filing: $398K sold, first sale Dec 2013
- **Aug 2013** Venture **$750K** *1 new* [Billiken Angels Network](https://millionrounds.com/fund/billiken-angels-network) Reported by sec.gov SEC filing: $750K sold, first sale Mar 2013
- **Jan 2012** Venture **$206K** *2 new* [BioGenerator](https://millionrounds.com/fund/biogenerator) [Missouri Technology Corporation](https://millionrounds.com/fund/missouri-technology-corporation) Reported by sec.gov SEC filing: $206K sold, first sale Nov 2011

## Founders and team

From the SEC filings it signed: 1 on the team.

- **Chad Stiening** Executive Officer, Director i

On the board, as filed i *Dennert Ware* *Gerhard Bette* *James Merselis* *Peter Reinecke*

## 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.

**Venture** 2012 **Venture** 2013 **Venture** 2014 **Round** 2014 **Venture** 2014 **Debt** 2015 **Round** 2018 [Serra Ventures](https://millionrounds.com/fund/serra-ventures) [BioGenerator](https://millionrounds.com/fund/biogenerator) [Missouri Technology Corporation](https://millionrounds.com/fund/missouri-technology-corporation) [Billiken Angels Network](https://millionrounds.com/fund/billiken-angels-network) [Arsenal Capital Partners](https://millionrounds.com/fund/arsenal-capital-partners) [Arsenal Capital Management](https://millionrounds.com/fund/arsenal-capital-management)

## Everyone who backed them

[Serra Ventures](https://millionrounds.com/fund/serra-ventures) VC firm **2** rounds

[BioGenerator](https://millionrounds.com/fund/biogenerator) Venture studio **2** rounds

[Missouri Technology Corporation](https://millionrounds.com/fund/missouri-technology-corporation) Government **1** round

[Billiken Angels Network](https://millionrounds.com/fund/billiken-angels-network) Angel network **1** round

[Arsenal Capital Partners](https://millionrounds.com/fund/arsenal-capital-partners) Private equity **1** round

[Arsenal Capital Management](https://millionrounds.com/fund/arsenal-capital-management) Investment firm **1** round

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

## Quick answers about Kypha

### Who invested in Kypha?

Kypha's investors include Serra Ventures, BioGenerator, Missouri Technology Corporation, Billiken Angels Network and Arsenal Capital Partners, and 1 more on record.

### How much has Kypha raised?

Kypha has raised $11M across 7 rounds since 2012.

### When did Kypha last raise?

Kypha's most recent round was an Undisclosed round of $4.0M in Dec 2018.

### What was Kypha's biggest round?

Its most recent round, $4.0M in Dec 2018, is also its largest on record.

### Who backed Kypha first?

Kypha's first round on record, in Jan 2012, was backed by BioGenerator and Missouri Technology Corporation.

### What stage is Kypha at?

Kypha's latest named round is an Undisclosed round, in Dec 2018.

### Where is Kypha based?

Kypha is based in the United States.

## Companies like Kypha

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)[**AI** $18M · Oct 2026](https://millionrounds.com/company/ai)[**Baba** $40M · Oct 2026](https://millionrounds.com/company/baba)[**IMIO** $19M · Oct 2026](https://millionrounds.com/company/imio)

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