# Phantom Neuro funding: rounds and investors

> Phantom Neuro has raised $25M across 2 rounds since 2022. Investors include Draper Associates, Time BioVentures and Gaingels. Every round with its source.

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

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

# Who invested in *Phantom Neuro*

2 rounds we have observed, with the 7 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 Medical Devices Robotics

Funding summary Updated 26 Oct 2026

**$25M** raised across 2 rounds since 2022, from 2 sources

**$6.0M** Seed **$19M** Series A

- **Latest round:** Series A, $19M Apr 2025
- **Step-up i:** 3.2×
- **Investors:** 7 (1 led)

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.

2023 2024 2025

**$6.0M** Seed

**$19M** Series A

- **First round:** Seed, $6.0M
- **Biggest round:** $19M
- **Between rounds:** 2.5 years

## The rounds

- **Apr 2025** Series A **$19M** *2 new* *1 returning* [Gaingels](https://millionrounds.com/fund/gaingels) [Draper Associates](https://millionrounds.com/fund/draper-associates) [Capital Factory](https://millionrounds.com/fund/capital-factory) Source recorded SEC filing: $12M sold, first sale Mar 2025
- **Oct 2022** Seed **$6.0M** *5 new* [Time BioVentures](https://millionrounds.com/fund/time-bioventures) Lead [Draper Associates](https://millionrounds.com/fund/draper-associates) [Breakout Ventures](https://millionrounds.com/fund/breakout-ventures) [LionBird Ventures](https://millionrounds.com/fund/lionbird-ventures) [Risk & Return](https://millionrounds.com/fund/risk-and-return) Reported by Firms' own news pages

## Founders and team

From Phantom Neuro's own website: 2 on the team.

- **Connor Glass** President / CEO
- **Arne Kreitz** Board of Directors

## 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** 2022 **Series A** 2025 [Draper Associates](https://millionrounds.com/fund/draper-associates) [Time BioVentures](https://millionrounds.com/fund/time-bioventures) L [Gaingels](https://millionrounds.com/fund/gaingels) [Capital Factory](https://millionrounds.com/fund/capital-factory) [Breakout Ventures](https://millionrounds.com/fund/breakout-ventures) [LionBird Ventures](https://millionrounds.com/fund/lionbird-ventures) [Risk & Return](https://millionrounds.com/fund/risk-and-return)

## Everyone who backed them

[Draper Associates](https://millionrounds.com/fund/draper-associates) VC firm **2** rounds

[Time BioVentures](https://millionrounds.com/fund/time-bioventures) VC firm **1** round, led 1

[Gaingels](https://millionrounds.com/fund/gaingels) Private equity **1** round

[Capital Factory](https://millionrounds.com/fund/capital-factory) VC firm **1** round

[Breakout Ventures](https://millionrounds.com/fund/breakout-ventures) VC firm **1** round

[LionBird Ventures](https://millionrounds.com/fund/lionbird-ventures) VC firm **1** round

[Risk & Return](https://millionrounds.com/fund/risk-and-return) VC firm **1** round

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

## Also claim to have backed them

These 4 firms list Phantom Neuro 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.

[LionBird](https://millionrounds.com/fund/lionbird) VC firm Per its own site

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

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

[Phastos Fund](https://millionrounds.com/fund/phastos-fund) Angel network Per its own site

## Quick answers about Phantom Neuro

### Who invested in Phantom Neuro?

Phantom Neuro's investors include Draper Associates, Time BioVentures, Gaingels, Capital Factory and Breakout Ventures, and 2 more on record.

### How much has Phantom Neuro raised?

Phantom Neuro has raised $25M across 2 rounds since 2022.

### When did Phantom Neuro last raise?

Phantom Neuro's most recent round was a Series A of $19M in Apr 2025.

### What was Phantom Neuro's biggest round?

Its most recent round, $19M in Apr 2025, is also its largest on record.

### Who backed Phantom Neuro first?

Phantom Neuro's first round on record, in Oct 2022, was backed by Time BioVentures, Draper Associates and Breakout Ventures and 2 others.

### What stage is Phantom Neuro at?

Phantom Neuro's latest named round is a Series A, in Apr 2025.

### Where is Phantom Neuro based?

Phantom Neuro is based in the United States.

### Who led Phantom Neuro's rounds?

Time BioVentures led the Seed in 2022.

## Companies like Phantom Neuro

In the same sector, and raised in the last eighteen months.

[**FORT Robotics** $39M · Oct 2026](https://millionrounds.com/company/fort-robotics)[**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)[**Arda** $233M · Oct 2026](https://millionrounds.com/company/arda)[**IMIO** $19M · Oct 2026](https://millionrounds.com/company/imio)

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