# SAGE Therapeutics funding: rounds and investors > SAGE Therapeutics has raised $743M across 4 rounds since 2011. Investors include ARCH Venture Partners, Third Rock Ventures and OrbiMed. Source: https://millionrounds.com/company/sage-therapeutics (Millionrounds; every figure on the page links to its filing or article) United States · [Funded startup](https://millionrounds.com/companies) # Who invested in *SAGE Therapeutics* 4 rounds we have observed, with the 5 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 Funding summary Updated 26 Oct 2026 **$743M** raised across 4 rounds since 2011, from 4 sources **$35M** Series A **$20M** Series B **$38M** Series C **$650M** Round - **Latest round:** Round, $650M Nov 2020 - **Step-up i:** 17.1× - **Investors:** 5 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 **$35M** Series A **$20M** Series B **$38M** Series C **$650M** Round - **First round:** Series A, $35M - **Biggest round:** $650M - **Usual gap between rounds:** 2 years ## The rounds - **Nov 2020** Round **$650M** *3 returning* [OrbiMed](https://millionrounds.com/fund/orbimed) [ARCH Venture Partners](https://millionrounds.com/fund/arch-venture-partners) [Foresite Capital](https://millionrounds.com/fund/forsite-capital) Source recorded SEC filing: $650M sold, first sale Dec 2020 - **Mar 2014** Series C **$38M** *3 new* *2 returning* [OrbiMed](https://millionrounds.com/fund/orbimed) [ARCH Venture Partners](https://millionrounds.com/fund/arch-venture-partners) [Foresite Capital](https://millionrounds.com/fund/forsite-capital) [Third Rock Ventures](https://millionrounds.com/fund/third-rock-ventures) [EcoR1 Capital](https://millionrounds.com/fund/ecor1-capital) From a historical funding record SEC filing: $38M sold, first sale Mar 2014 - **Oct 2013** Series B **$20M** *1 new* *1 returning* [ARCH Venture Partners](https://millionrounds.com/fund/arch-venture-partners) [Third Rock Ventures](https://millionrounds.com/fund/third-rock-ventures) Reported by 4-traders.com SEC filing: $10M sold, first sale Jan 2014 - **Oct 2011** Series A **$35M** *1 new* [Third Rock Ventures](https://millionrounds.com/fund/third-rock-ventures) Reported by finsmes.com ## 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 A** 2011 **Series B** 2013 **Series C** 2014 **Round** 2020 [ARCH Venture Partners](https://millionrounds.com/fund/arch-venture-partners) [Third Rock Ventures](https://millionrounds.com/fund/third-rock-ventures) [OrbiMed](https://millionrounds.com/fund/orbimed) [Foresite Capital](https://millionrounds.com/fund/forsite-capital) [EcoR1 Capital](https://millionrounds.com/fund/ecor1-capital) ## Everyone who backed them [ARCH Venture Partners](https://millionrounds.com/fund/arch-venture-partners) VC firm **3** rounds [Third Rock Ventures](https://millionrounds.com/fund/third-rock-ventures) VC firm **3** rounds [OrbiMed](https://millionrounds.com/fund/orbimed) Private equity **2** rounds [Foresite Capital](https://millionrounds.com/fund/forsite-capital) Private equity **2** rounds [EcoR1 Capital](https://millionrounds.com/fund/ecor1-capital) Private equity **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=sage-therapeutics). ## Quick answers about SAGE Therapeutics ### Who invested in SAGE Therapeutics? SAGE Therapeutics's investors include ARCH Venture Partners, Third Rock Ventures, OrbiMed, Foresite Capital and EcoR1 Capital. ### How much has SAGE Therapeutics raised? SAGE Therapeutics has raised $743M across 4 rounds since 2011. ### When did SAGE Therapeutics last raise? SAGE Therapeutics's most recent round was an Undisclosed round of $650M in Nov 2020. ### What was SAGE Therapeutics's biggest round? Its most recent round, $650M in Nov 2020, is also its largest on record. ### Who backed SAGE Therapeutics first? SAGE Therapeutics's first round on record, in Oct 2011, was backed by Third Rock Ventures. ### What stage is SAGE Therapeutics at? SAGE Therapeutics's latest named round is an Undisclosed round, in Nov 2020. ### Where is SAGE Therapeutics based? SAGE Therapeutics is based in the United States. ## Companies like SAGE 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)[**IMIO** $19M · Oct 2026](https://millionrounds.com/company/imio)[**Clinical Ink** $24M · Oct 2026](https://millionrounds.com/company/clinical-ink)[**Rejuvenate Bio** $13M · Oct 2026](https://millionrounds.com/company/rejuvenate-bio) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app