# ONL Therapeutics funding: rounds and investors

> ONL Therapeutics has raised $67M across 3 rounds since 2014. Investors include National Institutes of Health and Novartis. Every round with its source.

Source: https://millionrounds.com/company/onl-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 *ONL Therapeutics*

3 rounds we have observed, with the 2 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

Funding summary Updated 26 Oct 2026

**$67M** raised across 3 rounds since 2014, from 3 sources

**$502K** Seed **$1.4M** Grant **$65M** Series D

- **Latest round:** Series D, $65M Sept 2024
- **Step-up i:** 47.4×
- **Investors:** 2

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.

2014 2016 2018 2020 2022 2024

**$502K** Seed

**$1.4M** Grant

**$65M** Series D

- **First round:** Seed, $502K
- **Biggest round:** $65M
- **Usual gap between rounds:** 9.8 years

## The rounds

- **Sept 2024** Series D **$65M** *2 new* [National Institutes of Health](https://millionrounds.com/fund/national-institutes-of-health) [Novartis](https://millionrounds.com/fund/novartis) Source recorded SEC filing: $60M sold, first sale Sept 2024
- **Nov 2014** Grant **$1.4M** No investor was named in the report. From a historical funding record
- **Jul 2014** Seed **$502K** No investor was named in the report. From a historical funding record SEC filing: $502K sold, first sale Jun 2014

## Founders and team

From ONL Therapeutics's own website: 7 on the team.

- **David Esposito** President and Chief Executive Officer
- **Amanda Maciel** Director of Finance
- **Anjalie Mahabir** Project Manager, Clinical Operations
- **Kristin Hanley** Lead Regulatory and Compliance Consultant
- **Linda Kemnitz** Manager, Administrative Operations
- **Nicole Rose** Director, Clinical Operations
- **Rackham Graduate School** 2023 intern

## 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.

**Seed** 2014 **Grant** 2014 **Series D** 2024 [National Institutes of Health](https://millionrounds.com/fund/national-institutes-of-health) [Novartis](https://millionrounds.com/fund/novartis)

## Everyone who backed them

[National Institutes of Health](https://millionrounds.com/fund/national-institutes-of-health) Government **1** round

[Novartis](https://millionrounds.com/fund/novartis) VC firm **1** round

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

## Also claim to have backed them

These 4 firms list ONL Therapeutics as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[ExSight Ventures](https://millionrounds.com/fund/exsight-ventures) VC firm Series B, per its site

[Visionary Ventures Fund](https://millionrounds.com/fund/visionary-ventures-fund) VC firm Per its own site

[Invest Michigan](https://millionrounds.com/fund/invest-michigan) VC firm Per its own site

[Accelerate Blue Fund](https://millionrounds.com/fund/accelerate-blue-fund) VC firm Per its own site

## Quick answers about ONL Therapeutics

### Who invested in ONL Therapeutics?

ONL Therapeutics's investors include National Institutes of Health and Novartis.

### How much has ONL Therapeutics raised?

ONL Therapeutics has raised $67M across 3 rounds since 2014.

### When did ONL Therapeutics last raise?

ONL Therapeutics's most recent round was a Series D of $65M in Sept 2024.

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

Its most recent round, $65M in Sept 2024, is also its largest on record.

### Who backed ONL Therapeutics first?

ONL Therapeutics's first round on record, in Sept 2024, was backed by National Institutes of Health and Novartis.

### What stage is ONL Therapeutics at?

ONL Therapeutics's latest named round is a Series D, in Sept 2024.

### Where is ONL Therapeutics based?

ONL Therapeutics is based in the United States.

## Companies like ONL 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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