Australia · Funded startup

Who invested in Protagonist Therapeutics

5 rounds we have observed, with the 10 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

Funding summaryUpdated 26 Oct 2026

$89Mraised across 5 rounds since 2006, from 5 sources

$9.0MSeries A$14MSeries B$4.0MSeries B$40MSeries C$22MRound
Latest round
Round, $22MAug 2018
Biggest round
$40MSeries C · Jul 2015
Investors
10
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.

2006200820102012201420162018
$9.0MSeries A$14MSeries B$4.0MSeries B$40MSeries C$22MRound
First round
Series A, $9.0M
Sept 2006
Biggest round
$40M
Series C · Jul 2015
Usual gap between rounds
3.1 years
the median of 4

The rounds

  1. Aug 2018
    Round$22M1 new

    Reported by FinSMEs

  2. Jul 2015
    Series C$40M4 new

    From a historical funding recordSEC filing: $17M sold, first sale Jul 2015

  3. Sept 2013
    Series B$4.0M1 new

    Reported by pevc.dowjones.comSEC filing: $7.0M sold, first sale May 2013

  4. Jun 2013
    Series B$14M1 new2 returning

    Reported by protagonist-inc.comSEC filing: $7.0M sold, first sale May 2013

  5. Sept 2006

Founders and team

From the SEC filings it signed: 1 on the team.

  • Dinesh V. PatelExecutive Officer, Directori

On the board, as filediArmen V. ShanafeltAsish K. XavierHarold E. SelickMichael K. PanaccioPaul F. Truex

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

Starfish VenturesVC firm2rounds
Lilly VenturesCorporate VC2rounds
CanaanVC firm1round
RA Capital ManagementPrivate equity1round
Foresite CapitalPrivate equity1round
Adage Capital ManagementAsset manager1round
BVF PartnersVC firm1round
PharmstandardCorporate VC1round
QIC BioVenturesVC firm1round

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

Also claim to have backed them

This firm lists Protagonist Therapeutics 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.

Aisling CapitalPrivate equityPer its own site

Quick answers about Protagonist Therapeutics

Who invested in Protagonist Therapeutics?

Protagonist Therapeutics's investors include Starfish Ventures, Lilly Ventures, Canaan, RA Capital Management and Foresite Capital, and 5 more on record.

How much has Protagonist Therapeutics raised?

Protagonist Therapeutics has raised $89M across 5 rounds since 2006.

When did Protagonist Therapeutics last raise?

Protagonist Therapeutics's most recent round was an Undisclosed round of $22M in Aug 2018.

What was Protagonist Therapeutics's biggest round?

Protagonist Therapeutics's largest round on record is $40M (Series C), in Jul 2015.

Who backed Protagonist Therapeutics first?

Protagonist Therapeutics's first round on record, in Sept 2006, was backed by Starfish Ventures, Lilly Ventures and QIC BioVentures.

What stage is Protagonist Therapeutics at?

Protagonist Therapeutics's latest named round is an Undisclosed round, in Aug 2018.

Where is Protagonist Therapeutics based?

Protagonist Therapeutics is based in Australia.

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