# Palvella Therapeutics funding: rounds and investors

> Palvella Therapeutics has raised $210M across 2 rounds since 2018. Investors include Adams Street Partners, Samsara BioCapital and Blue Owl.

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

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

# Who invested in *Palvella Therapeutics*

2 rounds we have observed, with the 4 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 9 months ago

Funding summary Updated 26 Oct 2026

**$210M** raised across 2 rounds since 2018, from 2 sources

**$10M** Round **$200M** Round

- **Latest round:** Round, $200M Feb 2026
- **Step-up i:** 20×
- **Investors:** 4

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.

2020 2022 2024 2026

**$10M** Round

**$200M** Round

- **First round:** Round, $10M
- **Biggest round:** $200M
- **Between rounds:** 7.1 years

## The rounds

- **Feb 2026** Round **$200M** *3 new* [Adams Street Partners](https://millionrounds.com/fund/adams-street-partners) [Samsara BioCapital](https://millionrounds.com/fund/samsara-biocapital) [Blue Owl](https://millionrounds.com/fund/blue-owl) Source recorded
- **Dec 2018** Round **$10M** *1 new* [Ligand Pharmaceuticals](https://millionrounds.com/fund/ligand-pharmaceuticals) Reported by FinSMEs SEC filing: $3.4M sold, first sale Mar 2019

## 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 **Round** 2026 [Adams Street Partners](https://millionrounds.com/fund/adams-street-partners) [Samsara BioCapital](https://millionrounds.com/fund/samsara-biocapital) [Blue Owl](https://millionrounds.com/fund/blue-owl) [Ligand Pharmaceuticals](https://millionrounds.com/fund/ligand-pharmaceuticals)

## Everyone who backed them

[Adams Street Partners](https://millionrounds.com/fund/adams-street-partners) VC firm **1** round

[Samsara BioCapital](https://millionrounds.com/fund/samsara-biocapital) VC firm **1** round

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

[Ligand Pharmaceuticals](https://millionrounds.com/fund/ligand-pharmaceuticals) Growth equity **1** round

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

## Quick answers about Palvella Therapeutics

### Who invested in Palvella Therapeutics?

Palvella Therapeutics's investors include Adams Street Partners, Samsara BioCapital, Blue Owl and Ligand Pharmaceuticals.

### How much has Palvella Therapeutics raised?

Palvella Therapeutics has raised $210M across 2 rounds since 2018.

### When did Palvella Therapeutics last raise?

Palvella Therapeutics's most recent round was an Undisclosed round of $200M in Feb 2026.

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

Its most recent round, $200M in Feb 2026, is also its largest on record.

### Who backed Palvella Therapeutics first?

Palvella Therapeutics's first round on record, in Dec 2018, was backed by Ligand Pharmaceuticals.

### What stage is Palvella Therapeutics at?

Palvella Therapeutics's latest named round is an Undisclosed round, in Feb 2026.

### Where is Palvella Therapeutics based?

Palvella Therapeutics is based in the United States.

## Companies like Palvella 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)[**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)

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