Who invested in Phathom Pharmaceuticals?
Phathom Pharmaceuticals's investors include Janus Henderson Investors, Hercules Capital, Frazier Healthcare Partners, New Enterprise Associates and RA Capital Management, and 9 more on record.

United States · Funded startup
Funding summaryUpdated 26 Oct 2026
$530Mraised across 3 rounds since 2019, from 4 sources
Each circle is a round, placed by date and sized by amount. The line above is the running total.
Source recorded
Reported by Firms' own news pages and 1 other
Reported by FinSMEs
From Phathom Pharmaceuticals's own website: 1 founder, 4 on the team.
The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.
Phathom Pharmaceuticals's investors include Janus Henderson Investors, Hercules Capital, Frazier Healthcare Partners, New Enterprise Associates and RA Capital Management, and 9 more on record.
Phathom Pharmaceuticals has raised $530M across 3 rounds since 2019.
Phathom Pharmaceuticals's most recent round was an Undisclosed round of $130M in Jan 2026.
Phathom Pharmaceuticals's largest round on record is $260M (Debt), in May 2022.
Phathom Pharmaceuticals's first round on record, in May 2019, was backed by Frazier Healthcare Partners, Janus Henderson Investors and Abingworth and 6 others.
Phathom Pharmaceuticals's latest named round is an Undisclosed round, in Jan 2026.
Phathom Pharmaceuticals is based in the United States.
Frazier Healthcare Partners led the Undisclosed round in 2019.
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