# Moderna funding: rounds and investors > Moderna has raised $675M across 3 rounds since 2018. Investors include Sequoia Capital, HSG and RA Capital Management. Every round with its source. Source: https://millionrounds.com/company/moderna (Millionrounds; every figure on the page links to its filing or article) United States · [Funded startup](https://millionrounds.com/companies) # Who invested in *Moderna* 3 rounds we have observed, with the 14 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 Raised 5 months ago Funding summary Updated 26 Oct 2026 **$675M** raised across 3 rounds since 2018, from 4 sources **$500M** Round **$125M** Series H **$50M** Grant - **Latest round:** Grant, $50M Jun 2026 - **Biggest round:** $500M Round · Feb 2018 - **Investors:** 14 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. 2018 2020 2022 2024 2026 **$500M** Round **$125M** Series H **$50M** Grant - **First round:** Round, $500M - **Biggest round:** $500M - **Usual gap between rounds:** 8.1 years [**Moderna** Biotech/health 1 / 12 Their pitch deck **Moderna's pitch deck, 12 slides** Each slide read for what it argues, against the decks that raised at the same stage.](https://millionrounds.com/decks/moderna) ## The rounds - **Jun 2026** Grant **$50M** *4 new* [HSG](https://millionrounds.com/fund/hsg) [RA Capital Management](https://millionrounds.com/fund/ra-capital-management) [Wellington Management](https://millionrounds.com/fund/wellington-management) [Ares Management](https://millionrounds.com/fund/ares-management) Source recorded and 1 other - **May 2018** Series H **$125M** *1 new* [Merck Global Health Innovation Fund](https://millionrounds.com/fund/merck-global-health-innovation-fund) Reported by Fiercebiotech - **Feb 2018** Round **$500M** *9 new* [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [Fidelity](https://millionrounds.com/fund/fidelity) [EDBI](https://millionrounds.com/fund/edbi) [Alexandria Real Estate Equities](https://millionrounds.com/fund/alexandria) [BB Biotech Ventures](https://millionrounds.com/fund/bb-biotech-ventures) [ArrowMark Partners](https://millionrounds.com/fund/arrowmark-partners) [Pictet](https://millionrounds.com/fund/pictet) Julius Baer Viking Reported by FinSMEs ## Founders and team From the SEC filings it signed: 4 on the team. - **Stephane Bancel** President, Chief Executive Officer, Director i - **Lorence Kim** Chief Financial Officer i - **James Kasinger** General Counsel i - **Noubar Afeyan** Chairman of the Board of Directors i On the board, as filed i *Henri Termeer* *John Mendlein* *Lee Babiss* *Peter Hutt* *Robert Carpenter* *Robert Langer* *Theo Melas-Kyriazi* ## 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** 2018 **Series H** 2018 **Grant** 2026 [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) [HSG](https://millionrounds.com/fund/hsg) [RA Capital Management](https://millionrounds.com/fund/ra-capital-management) [Fidelity](https://millionrounds.com/fund/fidelity) [Wellington Management](https://millionrounds.com/fund/wellington-management) [EDBI](https://millionrounds.com/fund/edbi) [Alexandria Real Estate Equities](https://millionrounds.com/fund/alexandria) [Ares Management](https://millionrounds.com/fund/ares-management) [Merck Global Health Innovation Fund](https://millionrounds.com/fund/merck-global-health-innovation-fund) [BB Biotech Ventures](https://millionrounds.com/fund/bb-biotech-ventures) ## Everyone who backed them [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) VC firm **1** round [HSG](https://millionrounds.com/fund/hsg) VC firm **1** round [RA Capital Management](https://millionrounds.com/fund/ra-capital-management) Private equity **1** round [Fidelity](https://millionrounds.com/fund/fidelity) VC firm **1** round [Wellington Management](https://millionrounds.com/fund/wellington-management) VC firm **1** round [EDBI](https://millionrounds.com/fund/edbi) VC firm **1** round [Alexandria Real Estate Equities](https://millionrounds.com/fund/alexandria) VC firm **1** round [Ares Management](https://millionrounds.com/fund/ares-management) Growth equity **1** round [Merck Global Health Innovation Fund](https://millionrounds.com/fund/merck-global-health-innovation-fund) Corporate VC **1** round [BB Biotech Ventures](https://millionrounds.com/fund/bb-biotech-ventures) Growth equity **1** round [ArrowMark Partners](https://millionrounds.com/fund/arrowmark-partners) Private equity **1** round [Pictet](https://millionrounds.com/fund/pictet) VC firm **1** round Julius Baer no record of our own yet **1** round Viking no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=moderna). ## Quick answers about Moderna ### Who invested in Moderna? Moderna's investors include Sequoia Capital, HSG, RA Capital Management, Fidelity and Wellington Management, and 9 more on record. ### How much has Moderna raised? Moderna has raised $675M across 3 rounds since 2018. ### When did Moderna last raise? Moderna's most recent round was a Grant of $50M in Jun 2026. ### What was Moderna's biggest round? Moderna's largest round on record is $500M (Undisclosed round), in Feb 2018. ### Who backed Moderna first? Moderna's first round on record, in Feb 2018, was backed by Sequoia Capital, Fidelity and EDBI and 6 others. ### What stage is Moderna at? Moderna's latest named round is a Grant, in Jun 2026. ### Where is Moderna based? Moderna is based in the United States. ## Companies like Moderna 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) ## 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