United States · 
Who invested in Terns Pharmaceuticals?
Terns Pharmaceuticals's investors include Vivo Capital, OrbiMed, Eli Lilly, Lilly Asia Ventures and Lily Asia, and 1 more on record.
2019202020212022202320242025
$80MSeries B$650MRoundUnited States · Funded startup
Who invested in Terns Pharmaceuticals
Funding summaryUpdated 26 Oct 2026
$730Mraised across 2 rounds since 2018, from 2 sources
$80MSeries B$650MRound
- Latest round
- Round, $650MDec 2025
- Step-upi
- 8.1×
- Investors
- 6
The funding story
Each circle is a round, placed by date and sized by amount. The line above is the running total.
- First round
- Series B, $80M Oct 2018
- Biggest round
- $650M Round · Dec 2025
- Between rounds
- 7.1 years from the last two
The rounds
- Dec 2025
- Oct 2018
Founders and team
From the SEC filings it signed: 4 on the team.
- Bryan YoonExecutive Officeri
- Mark VignolaExecutive Officeri
- Senthil SundaramDirector, Executive Officeri
- Weidong ZhongExecutive Officer, Directori
On the board, as filediCarl GordonDavid FellowsElise WangHongbo LuJeffrey KindlerJill QuigleyYi Shi
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
Lilly Asia VenturesVC firm1round
Lily AsiaInvestment firm1round
Orbimed/ Dechengno 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 Terns 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.
Quick answers about Terns Pharmaceuticals
How much has Terns Pharmaceuticals raised?
Terns Pharmaceuticals has raised $730M across 2 rounds since 2018.
When did Terns Pharmaceuticals last raise?
Terns Pharmaceuticals's most recent round was an Undisclosed round of $650M in Dec 2025.
What was Terns Pharmaceuticals's biggest round?
Its most recent round, $650M in Dec 2025, is also its largest on record.
Who backed Terns Pharmaceuticals first?
Terns Pharmaceuticals's first round on record, in Oct 2018, was backed by Vivo Capital, Lily Asia and Orbimed/ Decheng.
What stage is Terns Pharmaceuticals at?
Terns Pharmaceuticals's latest named round is an Undisclosed round, in Dec 2025.
Where is Terns Pharmaceuticals based?
Terns Pharmaceuticals is based in the United States.
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