United States · Funded startup

Who invested in Phathom Pharmaceuticals

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.

BiotechHealthcare

Raised 10 months ago

Funding summaryUpdated 26 Oct 2026

$530Mraised across 3 rounds since 2019, from 4 sources

$140MRound$260MDebt$130MRound
Latest round
Round, $130MJan 2026
Biggest round
$260MDebt · May 2022
Investors
14 (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.

20192020202120222023202420252026
$140MRound$260MDebt$130MRound
First round
Round, $140M
May 2019
Biggest round
$260M
Debt · May 2022
Usual gap between rounds
3.7 years
the median of 2

The rounds

  1. Jan 2026
  2. May 2022
  3. May 2019

Founders and team

From Phathom Pharmaceuticals's own website: 1 founder, 4 on the team.

David SocksCo-Founder, Phathom
  • Steven BastaPresident & Chief Executive Officer
  • Nancy PhelanSenior Vice President, Marketing & Analytics
  • Paul CocjaChief People Officer
  • Sanjeev NarulaChief Financial and Business Officer

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.

Everyone who backed them

Janus Henderson InvestorsPrivate equity2rounds
Hercules CapitalVenture debt2rounds
Frazier Healthcare PartnersPrivate equity1round, led 1
RA Capital ManagementPrivate equity1round
AbingworthVC firm1round
Richard King Mellon FoundationPrivate equity1round
BVF PartnersVC firm1round
MedicxiVC firm1round
NovaQuestPrivate equity1round
SahsenInvestment firm1round
Sagard Healthcare PartnersInvestment firm1round
Greenspringno record of our own yet1round
RAno record of our own yet1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

This firm lists Phathom Pharmaceuticals as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

Frazier Life SciencesVC firmPer its own site

Quick answers about Phathom Pharmaceuticals

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.

How much has Phathom Pharmaceuticals raised?

Phathom Pharmaceuticals has raised $530M across 3 rounds since 2019.

When did Phathom Pharmaceuticals last raise?

Phathom Pharmaceuticals's most recent round was an Undisclosed round of $130M in Jan 2026.

What was Phathom Pharmaceuticals's biggest round?

Phathom Pharmaceuticals's largest round on record is $260M (Debt), in May 2022.

Who backed Phathom Pharmaceuticals first?

Phathom Pharmaceuticals's first round on record, in May 2019, was backed by Frazier Healthcare Partners, Janus Henderson Investors and Abingworth and 6 others.

What stage is Phathom Pharmaceuticals at?

Phathom Pharmaceuticals's latest named round is an Undisclosed round, in Jan 2026.

Where is Phathom Pharmaceuticals based?

Phathom Pharmaceuticals is based in the United States.

Who led Phathom Pharmaceuticals's rounds?

Frazier Healthcare Partners led the Undisclosed round in 2019.

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