# Mineralys Therapeutics funding: rounds and investors > Mineralys Therapeutics has raised $788M across 2 rounds since 2025. Investors include RA Capital Management, Adams Street Partners and TCG. Source: https://millionrounds.com/company/mineralys-therapeutics (Millionrounds; every figure on the page links to its filing or article) United States · [Funded startup](https://millionrounds.com/companies) # Who invested in *Mineralys Therapeutics* 2 rounds we have observed, with the 8 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 5 months ago Funding summary Updated 26 Oct 2026 **$788M** raised across 2 rounds since 2025, from 2 sources **$288M** Round **$500M** Debt - **Latest round:** Debt, $500M Jun 2026 - **Step-up i:** 1.7× - **Investors:** 8 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 **$288M** Round **$500M** Debt - **First round:** Round, $288M - **Biggest round:** $500M - **Between rounds:** 9 months ## The rounds - **Jun 2026** Debt **$500M** *2 new* *4 returning* [RA Capital Management](https://millionrounds.com/fund/ra-capital-management) [Adams Street Partners](https://millionrounds.com/fund/adams-street-partners) [TCG](https://millionrounds.com/fund/tcg) [Samsara BioCapital](https://millionrounds.com/fund/samsara-biocapital) [TCG Crossover](https://millionrounds.com/fund/tcg-crossover) [Andera Partners](https://millionrounds.com/fund/andera-partners) Source recorded - **Sept 2025** Round **$288M** *6 new* [OrbiMed](https://millionrounds.com/fund/orbimed) [RA Capital Management](https://millionrounds.com/fund/ra-capital-management) [Adams Street Partners](https://millionrounds.com/fund/adams-street-partners) [TCG](https://millionrounds.com/fund/tcg) [RTW Investments LLC](https://millionrounds.com/fund/rtw-investments-lp) [TCG Crossover](https://millionrounds.com/fund/tcg-crossover) Source recorded ## Founders and team From Mineralys Therapeutics's own website and the SEC filings it signed: 7 on the team. - **Jon Congleton** Chief Executive Officer - **Jessica Ibbitson** Executive Vice President, Operations - **Jose Breton** Senior Vice President, Finance & Controller - **Eric Warren** Chief Commercial Officer - **Jeffrey Munsie** Chief Legal Officer - **Adam Levy** Chief Financial Officer - **Glenn P. Sblendorio** Chairman On the board, as filed i *Alexander Asam* *Brian Taylor Slingsby* *Derek DiRocco* *Olivier Litzka* *Srinivas Akkaraju* *Takeshi Takahashi* Advisers *Alex Gold* ## 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 **Debt** 2026 [RA Capital Management](https://millionrounds.com/fund/ra-capital-management) [Adams Street Partners](https://millionrounds.com/fund/adams-street-partners) [TCG](https://millionrounds.com/fund/tcg) [TCG Crossover](https://millionrounds.com/fund/tcg-crossover) [OrbiMed](https://millionrounds.com/fund/orbimed) [Samsara BioCapital](https://millionrounds.com/fund/samsara-biocapital) [RTW Investments LLC](https://millionrounds.com/fund/rtw-investments-lp) [Andera Partners](https://millionrounds.com/fund/andera-partners) ## Everyone who backed them [RA Capital Management](https://millionrounds.com/fund/ra-capital-management) Private equity **2** rounds [Adams Street Partners](https://millionrounds.com/fund/adams-street-partners) VC firm **2** rounds [TCG](https://millionrounds.com/fund/tcg) Private equity **2** rounds [TCG Crossover](https://millionrounds.com/fund/tcg-crossover) VC firm **2** rounds [OrbiMed](https://millionrounds.com/fund/orbimed) Private equity **1** round [Samsara BioCapital](https://millionrounds.com/fund/samsara-biocapital) VC firm **1** round [RTW Investments LLC](https://millionrounds.com/fund/rtw-investments-lp) Growth equity **1** round [Andera Partners](https://millionrounds.com/fund/andera-partners) Private equity **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=mineralys-therapeutics). ## Quick answers about Mineralys Therapeutics ### Who invested in Mineralys Therapeutics? Mineralys Therapeutics's investors include RA Capital Management, Adams Street Partners, TCG, TCG Crossover and OrbiMed, and 3 more on record. ### How much has Mineralys Therapeutics raised? Mineralys Therapeutics has raised $788M across 2 rounds since 2025. ### When did Mineralys Therapeutics last raise? Mineralys Therapeutics's most recent round was a Debt of $500M in Jun 2026. ### What was Mineralys Therapeutics's biggest round? Its most recent round, $500M in Jun 2026, is also its largest on record. ### Who backed Mineralys Therapeutics first? Mineralys Therapeutics's first round on record, in Sept 2025, was backed by OrbiMed, RA Capital Management and Adams Street Partners and 3 others. ### What stage is Mineralys Therapeutics at? Mineralys Therapeutics's latest named round is a Debt, in Jun 2026. ### Where is Mineralys Therapeutics based? Mineralys Therapeutics is based in the United States. ## Companies like Mineralys Therapeutics 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) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app