# Lycia Therapeutics funding: rounds and investors

> Lycia Therapeutics has raised $182M across 2 rounds since 2024. Investors include Franklin Templeton, Janus Henderson Investors and Eli Lilly.

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

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

# Who invested in *Lycia Therapeutics*

2 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

Raised 5 months ago

Funding summary Updated 26 Oct 2026

**$182M** raised across 2 rounds since 2024, from 2 sources

**$107M** Series C **$75M** Series D

- **Latest round:** Series D, $75M Jun 2026
- **Biggest round:** $107M Series C · May 2024
- **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.

2025 2026

**$107M** Series C

**$75M** Series D

- **First round:** Series C, $107M
- **Biggest round:** $107M
- **Between rounds:** 2.1 years

## The rounds

- **Jun 2026** Series D **$75M** *1 new* *3 returning* [Franklin Templeton](https://millionrounds.com/fund/franklin-templeton) [Janus Henderson Investors](https://millionrounds.com/fund/janus-henderson-investors) [Eli Lilly](https://millionrounds.com/fund/eli-lilly) [Redmile Group](https://millionrounds.com/fund/redmile-group) Source recorded SEC filing: $75M sold
- **May 2024** Series C **$107M** *5 new* [Franklin Templeton](https://millionrounds.com/fund/franklin-templeton) [Janus Henderson Investors](https://millionrounds.com/fund/janus-henderson-investors) [Eli Lilly](https://millionrounds.com/fund/eli-lilly) [RTW Investments LLC](https://millionrounds.com/fund/rtw-investments-lp) [Blue Owl](https://millionrounds.com/fund/blue-owl) Source recorded SEC filing: $107M sold, first sale Apr 2024

## Founders and team

From Lycia Therapeutics's own website: 3 on the team.

- **Winsome Chung** Senior Vice President, Finance
- **Amy Bachrodt** Chief Financial Officer
- **William J. Rieflin** Chair, Lycia Therapeutics

## 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.

**Series C** 2024 **Series D** 2026 [Franklin Templeton](https://millionrounds.com/fund/franklin-templeton) [Janus Henderson Investors](https://millionrounds.com/fund/janus-henderson-investors) [Eli Lilly](https://millionrounds.com/fund/eli-lilly) [Redmile Group](https://millionrounds.com/fund/redmile-group) [RTW Investments LLC](https://millionrounds.com/fund/rtw-investments-lp) [Blue Owl](https://millionrounds.com/fund/blue-owl)

## Everyone who backed them

[Franklin Templeton](https://millionrounds.com/fund/franklin-templeton) Private equity **2** rounds

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

[Eli Lilly](https://millionrounds.com/fund/eli-lilly) Corporate VC **2** rounds

[Redmile Group](https://millionrounds.com/fund/redmile-group) VC firm **1** round

[RTW Investments LLC](https://millionrounds.com/fund/rtw-investments-lp) Growth equity **1** round

[Blue Owl](https://millionrounds.com/fund/blue-owl) Asset manager **1** round

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

## Quick answers about Lycia Therapeutics

### Who invested in Lycia Therapeutics?

Lycia Therapeutics's investors include Franklin Templeton, Janus Henderson Investors, Eli Lilly, Redmile Group and RTW Investments LLC, and 1 more on record.

### How much has Lycia Therapeutics raised?

Lycia Therapeutics has raised $182M across 2 rounds since 2024.

### When did Lycia Therapeutics last raise?

Lycia Therapeutics's most recent round was a Series D of $75M in Jun 2026.

### What was Lycia Therapeutics's biggest round?

Lycia Therapeutics's largest round on record is $107M (Series C), in May 2024.

### Who backed Lycia Therapeutics first?

Lycia Therapeutics's first round on record, in May 2024, was backed by Franklin Templeton, Janus Henderson Investors and Eli Lilly and 2 others.

### What stage is Lycia Therapeutics at?

Lycia Therapeutics's latest named round is a Series D, in Jun 2026.

### Where is Lycia Therapeutics based?

Lycia Therapeutics is based in the United States.

## Companies like Lycia Therapeutics

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)[**Clinical Ink** $24M · Oct 2026](https://millionrounds.com/company/clinical-ink)[**Rejuvenate Bio** $13M · Oct 2026](https://millionrounds.com/company/rejuvenate-bio)

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