# LB Pharmaceuticals funding: rounds and investors

> LB Pharmaceuticals has raised $250M across 2 rounds since 2026. Investors include TCG, TCG Crossover and Adage Capital Management. Every round with its source.

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

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

# Who invested in *LB Pharmaceuticals*

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.

Pharma

Raised 4 months ago

Funding summary Updated 26 Oct 2026

**$250M** raised across 2 rounds since 2026, from 2 sources

**$100M** Round **$150M** Round

- **Latest round:** Round, $150M Jul 2026
- **Step-up i:** 1.5×
- **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.

2027

**$100M** Round

**$150M** Round

- **First round:** Round, $100M
- **Biggest round:** $150M
- **Between rounds:** 5 months

## The rounds

- **Jul 2026** Round **$150M** *1 new* *2 returning* [TCG](https://millionrounds.com/fund/tcg) [Adage Capital Management](https://millionrounds.com/fund/adage-capital-management) [TCG Crossover](https://millionrounds.com/fund/tcg-crossover) Source recorded
- **Feb 2026** Round **$100M** *2 new* [TCG](https://millionrounds.com/fund/tcg) [TCG Crossover](https://millionrounds.com/fund/tcg-crossover) Source recorded

## Founders and team

From LB Pharmaceuticals's own website: 9 on the team.

- **Christopher Zergebel** Senior Vice President, Clinical Operations
- **Lindsay Beaupre** Senior Vice President, People and Culture
- **Marc Panoff** Senior Vice President, Finance
- **Gad Soffer** Chief Operating and Business Officer
- **Joseph M. Miller** Chief Financial Officer
- **Kaya Pai Panandiker** Chief Commercial Officer
- **Dr. Robert Ruffolo** Independent Director
- **Scott Garland** Chairman of the Board of Directors
- **Stock Information** Analyst Coverage

## 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** 2026 **Round** 2026 [TCG](https://millionrounds.com/fund/tcg) [TCG Crossover](https://millionrounds.com/fund/tcg-crossover) [Adage Capital Management](https://millionrounds.com/fund/adage-capital-management)

## Everyone who backed them

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

[TCG Crossover](https://millionrounds.com/fund/tcg-crossover) VC firm **2** rounds

[Adage Capital Management](https://millionrounds.com/fund/adage-capital-management) Asset manager **1** round

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

## Quick answers about LB Pharmaceuticals

### Who invested in LB Pharmaceuticals?

LB Pharmaceuticals's investors include TCG, TCG Crossover and Adage Capital Management.

### How much has LB Pharmaceuticals raised?

LB Pharmaceuticals has raised $250M across 2 rounds since 2026.

### When did LB Pharmaceuticals last raise?

LB Pharmaceuticals's most recent round was an Undisclosed round of $150M in Jul 2026.

### What was LB Pharmaceuticals's biggest round?

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

### Who backed LB Pharmaceuticals first?

LB Pharmaceuticals's first round on record, in Feb 2026, was backed by TCG and TCG Crossover.

### What stage is LB Pharmaceuticals at?

LB Pharmaceuticals's latest named round is an Undisclosed round, in Jul 2026.

### Where is LB Pharmaceuticals based?

LB Pharmaceuticals is based in the United States.

## Companies like LB Pharmaceuticals

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

[**Matchpoint Therapeutics** $220M · Oct 2026](https://millionrounds.com/company/matchpoint-therapeutics)[**Rx Bandz** Oct 2026](https://millionrounds.com/company/rx-bandz)[**Hera Biotech** $1.8M · Sept 2026](https://millionrounds.com/company/hera-biotech)[**GevRx Nutraceuticals** $300K · Sept 2026](https://millionrounds.com/company/gevrx-nutraceuticals)[**RegCell** $81M · Sept 2026](https://millionrounds.com/company/regcell)[**ClearSight Therapeutics** $307K · Sept 2026](https://millionrounds.com/company/clearsight-therapeutics)

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