# Transcode Therapeutics funding: rounds and investors

> Transcode Therapeutics has raised $26M across 2 rounds since 2025. Investors include National Institutes of Health, National Cancer Institute (NCI) and Red...

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

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

# Who invested in *Transcode Therapeutics*

2 rounds we have observed, with the 3 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

Raised 7 months ago

Funding summary Updated 26 Oct 2026

**$26M** raised across 2 rounds since 2025, from 2 sources

**$20M** Round **$6.0M** Debt

- **Latest round:** Debt, $6.0M Apr 2026
- **Biggest round:** $20M Round · Oct 2025
- **Investors:** 3

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.

2026

**$20M** Round

**$6.0M** Debt

- **First round:** Round, $20M
- **Biggest round:** $20M
- **Between rounds:** 6 months

## The rounds

- **Apr 2026** Debt **$6.0M** *3 returning* [National Institutes of Health](https://millionrounds.com/fund/national-institutes-of-health) [National Cancer Institute (NCI)](https://millionrounds.com/fund/national-cancer-institute-nci) [Red Cedar Ventures](https://millionrounds.com/fund/red-cedar-ventures) Source recorded
- **Oct 2025** Round **$20M** *3 new* [National Institutes of Health](https://millionrounds.com/fund/national-institutes-of-health) [National Cancer Institute (NCI)](https://millionrounds.com/fund/national-cancer-institute-nci) [Red Cedar Ventures](https://millionrounds.com/fund/red-cedar-ventures) Source recorded

## Founders and team

From Transcode Therapeutics's own website: 3 on the team.

- **Elizabeth A. Czerepak** CFO, Director
- **Tania Montgomery** Cofounder/Chief Scientific Officer
- **Jack E. Stover** Director

## 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.

**Round** 2025 **Debt** 2026 [National Institutes of Health](https://millionrounds.com/fund/national-institutes-of-health) [National Cancer Institute (NCI)](https://millionrounds.com/fund/national-cancer-institute-nci) [Red Cedar Ventures](https://millionrounds.com/fund/red-cedar-ventures)

## Everyone who backed them

[National Institutes of Health](https://millionrounds.com/fund/national-institutes-of-health) Government **2** rounds

[National Cancer Institute (NCI)](https://millionrounds.com/fund/national-cancer-institute-nci) Investment firm **2** rounds

[Red Cedar Ventures](https://millionrounds.com/fund/red-cedar-ventures) VC firm **2** rounds

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

## Quick answers about Transcode Therapeutics

### Who invested in Transcode Therapeutics?

Transcode Therapeutics's investors include National Institutes of Health, National Cancer Institute (NCI) and Red Cedar Ventures.

### How much has Transcode Therapeutics raised?

Transcode Therapeutics has raised $26M across 2 rounds since 2025.

### When did Transcode Therapeutics last raise?

Transcode Therapeutics's most recent round was a Debt of $6.0M in Apr 2026.

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

Transcode Therapeutics's largest round on record is $20M (Undisclosed round), in Oct 2025.

### Who backed Transcode Therapeutics first?

Transcode Therapeutics's first round on record, in Oct 2025, was backed by National Institutes of Health, National Cancer Institute (NCI) and Red Cedar Ventures.

### What stage is Transcode Therapeutics at?

Transcode Therapeutics's latest named round is a Debt, in Apr 2026.

### Where is Transcode Therapeutics based?

Transcode Therapeutics is based in the United States.

## Companies like Transcode 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)

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