# Madrigal Pharmaceuticals funding: rounds and investors

> Madrigal Pharmaceuticals has raised $350M across 1 round since 2025. Investors include Hercules Capital and Blue Owl. Every round with its source.

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

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

# Who invested in *Madrigal Pharmaceuticals*

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

Pharma

Funding summary Updated 26 Oct 2026

**$350M** raised across 1 round since 2025, from 1 source

- **Latest round:** Debt, $350M Jul 2025
- **Investors:** 2

See who backed them

## The rounds

- **Jul 2025** Debt **$350M** [Hercules Capital](https://millionrounds.com/fund/hercules-capital) [Blue Owl](https://millionrounds.com/fund/blue-owl) Source recorded

## Founders and team

From the SEC filings it signed: 2 on the team.

- **Marc R. Schneebaum** Executive Officer i
- **Paul A. Friedman** Executive Officer, Director i

On the board, as filed i *David R. Milligan* *Fred B. Craves* *Keith R. Gollust* *Kenneth M. Bate* *Rebecca A. Taub* *Richard S. Levy*

## Everyone who backed them

[Hercules Capital](https://millionrounds.com/fund/hercules-capital) Venture debt **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=madrigal-pharmaceuticals).

## Quick answers about Madrigal Pharmaceuticals

### Who invested in Madrigal Pharmaceuticals?

Madrigal Pharmaceuticals's investors include Hercules Capital and Blue Owl.

### How much has Madrigal Pharmaceuticals raised?

Madrigal Pharmaceuticals has raised $350M across 1 round since 2025.

### When did Madrigal Pharmaceuticals last raise?

Madrigal Pharmaceuticals's most recent round was a Debt of $350M in Jul 2025.

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

Its most recent round, $350M in Jul 2025, is also its largest on record.

### Who backed Madrigal Pharmaceuticals first?

Madrigal Pharmaceuticals's first round on record, in Jul 2025, was backed by Hercules Capital and Blue Owl.

### What stage is Madrigal Pharmaceuticals at?

Madrigal Pharmaceuticals's latest named round is a Debt, in Jul 2025.

### Where is Madrigal Pharmaceuticals based?

Madrigal Pharmaceuticals is based in the United States.

## Companies like Madrigal 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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