# Spero Therapeutics funding: rounds and investors

> Spero Therapeutics has raised $199M across 6 rounds since 2010. Investors include SR One, National Science Foundation and RA Capital Management.

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

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

# Who invested in *Spero Therapeutics*

6 rounds we have observed, with the 21 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

Raised 4 months ago

Funding summary Updated 26 Oct 2026

**$199M** raised across 6 rounds since 2010, from 7 sources

**$3.0M** Series A **$30M** Series A **$52M** Series C **$9.0M** Round **$105M** Debt

- **Latest round:** Debt, $105M Jul 2026
- **Step-up i:** 11.7×
- **Investors:** 21

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.

2010 2013 2016 2019 2022 2025

**?** Seed

**$3.0M** Series A

**$30M** Series A

**$52M** Series C

**$9.0M** Round

**$105M** Debt

- **First round:** Seed
- **Biggest round:** $105M
- **Usual gap between rounds:** 3.8 years

## The rounds

- **Jul 2026** Debt **$105M** *1 new* *3 returning* [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) [RA Capital Management](https://millionrounds.com/fund/ra-capital-management) [SR One](https://millionrounds.com/fund/sr-one) [HealthCare Royalty](https://millionrounds.com/fund/healthcare-royalty) Reported by HealthCare Royalty and 1 other
- **Sept 2022** Round **$9.0M** *3 new* *1 returning* [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) [Google Ventures](https://millionrounds.com/fund/gv) [RA Capital Management](https://millionrounds.com/fund/ra-capital-management) [SR One](https://millionrounds.com/fund/sr-one) Source recorded SEC filing: $9.0M sold, first sale Nov 2022
- **Mar 2017** Series C **$52M** *8 new* *1 returning* [SR One](https://millionrounds.com/fund/sr-one) [Osage University Partners](https://millionrounds.com/fund/osage-university-partners) [Atlas](https://millionrounds.com/fund/atlas-2) [The Kraft Group](https://millionrounds.com/fund/the-kraft-group) [Lundbeckfonden Ventures](https://millionrounds.com/fund/lundbeckfonden-ventures) [MRL Fund](https://millionrounds.com/fund/mrl-fund) GV/ RA Capital Limited Rock Springs Reported by FinSMEs SEC filing: $43M sold, first sale Mar 2017
- **Jun 2015** Series A **$30M** *8 new* [Atlas Venture](https://millionrounds.com/fund/atlas-venture) [SR One](https://millionrounds.com/fund/sr-one) [Partners HealthCare Innovation](https://millionrounds.com/fund/partners-healthcare-innovation) [Lundbeckfond Ventures](https://millionrounds.com/fund/lundbeckfond-ventures) [GlaxoSmithKline](https://millionrounds.com/fund/glaxosmithkline) [Kraft Group](https://millionrounds.com/fund/kraft-group) [New England Patriots](https://millionrounds.com/fund/new-england-patriots) Merck Research Ventures From a historical funding record
- **Apr 2014** Series A **$3.0M** *1 returning* [Atlas Partner](https://millionrounds.com/fund/atlas-partner) From a historical funding record
- **Jan 2010** Seed **Amount undisclosed** *1 new* [Atlas Partner](https://millionrounds.com/fund/atlas-partner) From a historical funding record

## Founders and team

From Spero Therapeutics's own website and the SEC filings it signed: 10 on the team.

- **Esther Rajavelu** President and Chief Executive Officer
- **John Raymond** Senior Vice President of Finance and Business Operations
- **Sheila Finan** Senior Vice President Controller
- **Timothy C. Keutzer** Chief Operating Officer
- **Ankit Mahadevia** Executive Officer, Director i
- **Cynthia C. Smith** Compensation Committee Chair
- **Frank E. Thomas** Chairman of the Board; Audit Committee Chair
- **Kamal C. Hamed** Executive Officer i
- **Satyavrat Shukla** Executive Officer i
- **Tamara C. Joseph** Executive Officer i

On the board, as filed i *John C. Pottage* *Kathleen C. Tregoning* *Milind Deshpande* *Patrick E. Vink* *Scott C. Jackson*

## 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.

**Seed** 2010 **Series A** 2014 **Series A** 2015 **Series C** 2017 **Round** 2022 **Debt** 2026 [SR One](https://millionrounds.com/fund/sr-one) [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) [RA Capital Management](https://millionrounds.com/fund/ra-capital-management) [Atlas Partner](https://millionrounds.com/fund/atlas-partner) [Google Ventures](https://millionrounds.com/fund/gv) [Atlas Venture](https://millionrounds.com/fund/atlas-venture) [Osage University Partners](https://millionrounds.com/fund/osage-university-partners) [Partners HealthCare Innovation](https://millionrounds.com/fund/partners-healthcare-innovation) [Lundbeckfond Ventures](https://millionrounds.com/fund/lundbeckfond-ventures) [GlaxoSmithKline](https://millionrounds.com/fund/glaxosmithkline)

## Everyone who backed them

[SR One](https://millionrounds.com/fund/sr-one) Corporate VC **4** rounds

[National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) Government **2** rounds

[RA Capital Management](https://millionrounds.com/fund/ra-capital-management) Private equity **2** rounds

[Atlas Partner](https://millionrounds.com/fund/atlas-partner) VC firm **2** rounds

[Google Ventures](https://millionrounds.com/fund/gv) Corporate VC **1** round

[Atlas Venture](https://millionrounds.com/fund/atlas-venture) VC firm **1** round

[Osage University Partners](https://millionrounds.com/fund/osage-university-partners) VC firm **1** round

[Partners HealthCare Innovation](https://millionrounds.com/fund/partners-healthcare-innovation) Corporate VC **1** round

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

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

[Atlas](https://millionrounds.com/fund/atlas-2) Private equity **1** round

[The Kraft Group](https://millionrounds.com/fund/the-kraft-group) Investment firm **1** round

[Kraft Group](https://millionrounds.com/fund/kraft-group) Investment firm **1** round

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

[MRL Fund](https://millionrounds.com/fund/mrl-fund) Company **1** round

[HealthCare Royalty](https://millionrounds.com/fund/healthcare-royalty) Investment firm **1** round

[New England Patriots](https://millionrounds.com/fund/new-england-patriots) VC firm **1** round

GV/ RA Capital no record of our own yet **1** round

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

Merck Research Ventures no record of our own yet **1** round

Rock Springs 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=spero-therapeutics).

## Quick answers about Spero Therapeutics

### Who invested in Spero Therapeutics?

Spero Therapeutics's investors include SR One, National Science Foundation, RA Capital Management, Atlas Partner and Google Ventures, and 16 more on record.

### How much has Spero Therapeutics raised?

Spero Therapeutics has raised $199M across 6 rounds since 2010. One round did not disclose an amount, so the total is a floor.

### When did Spero Therapeutics last raise?

Spero Therapeutics's most recent round was a Debt of $105M in Jul 2026.

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

Its most recent round, $105M in Jul 2026, is also its largest on record.

### Who backed Spero Therapeutics first?

Spero Therapeutics's first round on record, in Jan 2010, was backed by Atlas Partner.

### What stage is Spero Therapeutics at?

Spero Therapeutics's latest named round is a Debt, in Jul 2026.

### Where is Spero Therapeutics based?

Spero Therapeutics is based in the United States.

## Companies like Spero 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)[**IMIO** $19M · Oct 2026](https://millionrounds.com/company/imio)[**Baba** $40M · Oct 2026](https://millionrounds.com/company/baba)

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