# TORL BioTherapeutics funding: rounds and investors > TORL BioTherapeutics has raised $254M across 2 rounds since 2024. Investors include RA Capital Management, Perceptive Advisors and Deep Track Capital. Source: https://millionrounds.com/company/torl-biotherapeutics (Millionrounds; every figure on the page links to its filing or article) United States · [Series C startup](https://millionrounds.com/companies) # Who invested in *TORL BioTherapeutics* 2 rounds we have observed, with the 7 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 Pharma Funding summary Updated 26 Oct 2026 **$254M** raised across 2 rounds since 2024, from 2 sources **$158M** Series B **$96M** Series C - **Latest round:** Series C, $96M Oct 2025 - **Biggest round:** $158M Series B · Apr 2024 - **Investors:** 7 (1 led) 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. 2025 **$158M** Series B **$96M** Series C - **First round:** Series B, $158M - **Biggest round:** $158M - **Between rounds:** 18 months ## The rounds - **Oct 2025** Series C **$96M** *3 new* *2 returning* [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) [RA Capital Management](https://millionrounds.com/fund/ra-capital-management) [Vertex Ventures](https://millionrounds.com/fund/vertex-ventures) [Perceptive Advisors](https://millionrounds.com/fund/perceptive-advisors) [Blue Owl](https://millionrounds.com/fund/blue-owl) Source recorded - **Apr 2024** Series B **$158M** *4 new* [Deep Track Capital](https://millionrounds.com/fund/deep-track-capital) Lead [RA Capital Management](https://millionrounds.com/fund/ra-capital-management) [Perceptive Advisors](https://millionrounds.com/fund/perceptive-advisors) [Avidity Partners](https://millionrounds.com/fund/avidity-partners) Reported by OCV SEC filing: $158M sold, first sale Apr 2024 ## 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** 2024 **Series C** 2025 [RA Capital Management](https://millionrounds.com/fund/ra-capital-management) [Perceptive Advisors](https://millionrounds.com/fund/perceptive-advisors) [Deep Track Capital](https://millionrounds.com/fund/deep-track-capital) L [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) [Vertex Ventures](https://millionrounds.com/fund/vertex-ventures) [Blue Owl](https://millionrounds.com/fund/blue-owl) [Avidity Partners](https://millionrounds.com/fund/avidity-partners) ## Everyone who backed them [RA Capital Management](https://millionrounds.com/fund/ra-capital-management) Private equity **2** rounds [Perceptive Advisors](https://millionrounds.com/fund/perceptive-advisors) Asset manager **2** rounds [Deep Track Capital](https://millionrounds.com/fund/deep-track-capital) Private equity **1** round, led 1 [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) Private equity **1** round [Vertex Ventures](https://millionrounds.com/fund/vertex-ventures) VC firm **1** round [Blue Owl](https://millionrounds.com/fund/blue-owl) Asset manager **1** round [Avidity Partners](https://millionrounds.com/fund/avidity-partners) Growth equity **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=torl-biotherapeutics). ## Quick answers about TORL BioTherapeutics ### Who invested in TORL BioTherapeutics? TORL BioTherapeutics's investors include RA Capital Management, Perceptive Advisors, Deep Track Capital, Goldman Sachs and Vertex Ventures, and 2 more on record. ### How much has TORL BioTherapeutics raised? TORL BioTherapeutics has raised $254M across 2 rounds since 2024. ### When did TORL BioTherapeutics last raise? TORL BioTherapeutics's most recent round was a Series C of $96M in Oct 2025. ### What was TORL BioTherapeutics's biggest round? TORL BioTherapeutics's largest round on record is $158M (Series B), in Apr 2024, led by Deep Track Capital. ### Who backed TORL BioTherapeutics first? TORL BioTherapeutics's first round on record, in Apr 2024, was backed by Deep Track Capital, RA Capital Management and Perceptive Advisors and 1 others. ### What stage is TORL BioTherapeutics at? TORL BioTherapeutics's latest named round is a Series C, in Oct 2025. ### Where is TORL BioTherapeutics based? TORL BioTherapeutics is based in the United States. ### Who led TORL BioTherapeutics's rounds? Deep Track Capital led the Series B in 2024. ## Companies like TORL BioTherapeutics 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) ## 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