# Terns funding: rounds and investors

> Terns has raised $30M across 1 round since 2018. Investors include Lilly Asia Ventures. Every round with its source.

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

China · [Series A startup](https://millionrounds.com/companies)

# Who invested in *Terns*

One round we have observed, with the one investor named in it. 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

**$30M** raised across 1 round since 2018, from 1 source

- **Latest round:** Series A, $30M Apr 2018
- **Investors:** 1

See who backed them

## The rounds

- **Apr 2018** Series A **$30M** [Lilly Asia Ventures](https://millionrounds.com/fund/lilly-asia-ventures) Reported by Fiercebiotech

## Everyone who backed them

[Lilly Asia Ventures](https://millionrounds.com/fund/lilly-asia-ventures) VC firm **1** round

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

## Quick answers about Terns

### Who invested in Terns?

Terns's investors include Lilly Asia Ventures.

### How much has Terns raised?

Terns has raised $30M across 1 round since 2018.

### When did Terns last raise?

Terns's most recent round was a Series A of $30M in Apr 2018.

### What was Terns's biggest round?

Its most recent round, $30M in Apr 2018, is also its largest on record.

### Who backed Terns first?

Terns's first round on record, in Apr 2018, was backed by Lilly Asia Ventures.

### What stage is Terns at?

Terns's latest named round is a Series A, in Apr 2018.

### Where is Terns based?

Terns is based in China.

## Companies like Terns

In the same sector, and raised in the last eighteen months.

[**Nutshell Therapeutics** $40M · Sept 2026](https://millionrounds.com/company/nutshell-therapeutics)[**RNAimmune** $4.5M · Aug 2026](https://millionrounds.com/company/rnaimmune)[**Gestala** $22M · Mar 2026](https://millionrounds.com/company/gestala)[**Adlai Nortye** $190M · Feb 2026](https://millionrounds.com/company/adlai-nortye)[**HitGen** $39M · Nov 2025](https://millionrounds.com/company/hitgen)[**Adagene** $83M · Jul 2025](https://millionrounds.com/company/adagene)

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