# Rani Therapeutics funding: rounds and investors

> Rani Therapeutics has raised $168M across 5 rounds since 2013. Investors include Google Ventures, Novartis and RA Capital Management.

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

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

# Who invested in *Rani Therapeutics*

5 rounds we have observed, with the 20 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

Funding summary Updated 26 Oct 2026

**$168M** raised across 5 rounds since 2013, from 5 sources

**$15M** Series C **$39M** Series D **$53M** Round **$60M** Round

- **Latest round:** Round, $60M Oct 2025
- **Investors:** 20

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.

2013 2015 2017 2019 2021 2023 2025

**?** Series B

**$15M** Series C

**$39M** Series D

**$53M** Round

**$60M** Round

- **First round:** Series B
- **Biggest round:** $60M
- **Usual gap between rounds:** 2.3 years

## The rounds

- **Oct 2025** Round **$60M** *3 new* *1 returning* [RA Capital Management](https://millionrounds.com/fund/ra-capital-management) [Invus](https://millionrounds.com/fund/invus) [Novartis](https://millionrounds.com/fund/novartis) [Samsara BioCapital](https://millionrounds.com/fund/samsara-biocapital) Source recorded SEC filing: $60M sold, first sale Oct 2025
- **Feb 2018** Round **$53M** *7 new* *2 returning* [Google Ventures](https://millionrounds.com/fund/gv) [Novartis](https://millionrounds.com/fund/novartis) [Cathay Capital](https://millionrounds.com/fund/cathay-capital) [AstraZeneca](https://millionrounds.com/fund/astrazeneca) [Ping An Capital](https://millionrounds.com/fund/ping-an-capital) [Shire](https://millionrounds.com/fund/shire) [Virtus Ventures](https://millionrounds.com/fund/virtus-ventures) Bossa GeneScience Reported by FinSMEs
- **Sept 2017** Series D **$39M** *1 returning* [Google Ventures](https://millionrounds.com/fund/gv) Reported by FinSMEs SEC filing: $39M sold, first sale Aug 2017
- **May 2015** Series C **$15M** *8 new* *1 returning* [Google Ventures](https://millionrounds.com/fund/gv) [Novartis](https://millionrounds.com/fund/novartis) [Incube Ventures](https://millionrounds.com/fund/incube-ventures) [Western Life Sciences Venture Fund](https://millionrounds.com/fund/western-life-sciences-venture-fund) [Pacific Opportunity Capital Ltd.](https://millionrounds.com/fund/pacific-opportunity-capital-ltd) [The Stevanato Group](https://millionrounds.com/fund/the-stevanato-group) [VentureHealth](https://millionrounds.com/fund/venturehealth) Crystal Horizon Investments Pinemount Investment From a historical funding record SEC filing: $15M sold, first sale May 2015
- **Aug 2013** Series B **Amount undisclosed** *2 new* [Google Ventures](https://millionrounds.com/fund/gv) [InCube Ventures](https://millionrounds.com/fund/incube-ventures-llc) Reported by finsmes.com

## Founders and team

From Rani Therapeutics's own website and the SEC filings it signed: 11 on the team.

- **Talat Imran** Chief Executive Officer
- **Anil Patel** Vice President of Quality
- **Alireza Javadi** Chief Technical Officer
- **Kate McKinley** Chief Business Officer
- **Nic Maestas** Chief Financial Officer
- **Arvinder Dhalla** VP, Clinical Development
- **Kyle Horlen** VP of Nonclinical Development
- **Jean-Luc Butel** Director at Takeda, Novo Holdings, and SG Innovate
- **Mir Hashim** Executive Officer, Director i
- **Mir Imran** Executive Chairman & Director
- **Svai Sanford** Executive Officer i

On the board, as filed i *Andrew Farquharson* *Dennis Ausiello* *Maulik Nanavaty*

## 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.

**Series B** 2013 **Series C** 2015 **Series D** 2017 **Round** 2018 **Round** 2025 [Google Ventures](https://millionrounds.com/fund/gv) [Novartis](https://millionrounds.com/fund/novartis) [RA Capital Management](https://millionrounds.com/fund/ra-capital-management) [Invus](https://millionrounds.com/fund/invus) [Samsara BioCapital](https://millionrounds.com/fund/samsara-biocapital) [Cathay Capital](https://millionrounds.com/fund/cathay-capital) [AstraZeneca](https://millionrounds.com/fund/astrazeneca) [Ping An Capital](https://millionrounds.com/fund/ping-an-capital) [Shire](https://millionrounds.com/fund/shire) [InCube Ventures](https://millionrounds.com/fund/incube-ventures-llc)

## Everyone who backed them

[Google Ventures](https://millionrounds.com/fund/gv) Corporate VC **4** rounds

[Novartis](https://millionrounds.com/fund/novartis) VC firm **3** rounds

[RA Capital Management](https://millionrounds.com/fund/ra-capital-management) Private equity **1** round

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

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

[Cathay Capital](https://millionrounds.com/fund/cathay-capital) Private equity **1** round

[AstraZeneca](https://millionrounds.com/fund/astrazeneca) Growth equity **1** round

[Ping An Capital](https://millionrounds.com/fund/ping-an-capital) Corporate VC **1** round

[Shire](https://millionrounds.com/fund/shire) Corporate VC **1** round

[InCube Ventures](https://millionrounds.com/fund/incube-ventures-llc) Corporate VC **1** round

[Incube Ventures](https://millionrounds.com/fund/incube-ventures) Growth equity **1** round

[Western Life Sciences Venture Fund](https://millionrounds.com/fund/western-life-sciences-venture-fund) VC firm **1** round

[Pacific Opportunity Capital Ltd.](https://millionrounds.com/fund/pacific-opportunity-capital-ltd) Growth equity **1** round

[The Stevanato Group](https://millionrounds.com/fund/the-stevanato-group) VC firm **1** round

[VentureHealth](https://millionrounds.com/fund/venturehealth) VC firm **1** round

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

Bossa no record of our own yet **1** round

Crystal Horizon Investments no record of our own yet **1** round

GeneScience no record of our own yet **1** round

Pinemount Investment no record of our own yet **1** round

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

## Quick answers about Rani Therapeutics

### Who invested in Rani Therapeutics?

Rani Therapeutics's investors include Google Ventures, Novartis, RA Capital Management, Invus and Samsara BioCapital, and 15 more on record.

### How much has Rani Therapeutics raised?

Rani Therapeutics has raised $168M across 5 rounds since 2013. One round did not disclose an amount, so the total is a floor.

### When did Rani Therapeutics last raise?

Rani Therapeutics's most recent round was an Undisclosed round of $60M in Oct 2025.

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

Its most recent round, $60M in Oct 2025, is also its largest on record.

### Who backed Rani Therapeutics first?

Rani Therapeutics's first round on record, in Aug 2013, was backed by Google Ventures and InCube Ventures.

### What stage is Rani Therapeutics at?

Rani Therapeutics's latest named round is an Undisclosed round, in Oct 2025.

### Where is Rani Therapeutics based?

Rani Therapeutics is based in the United States.

## Companies like Rani 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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