# Trevi Therapeutics funding: rounds and investors

> Trevi Therapeutics has raised $386M across 6 rounds since 2012. Investors include Omega Funds, New Enterprise Associates and TPG. Every round with its source.

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

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

# Who invested in *Trevi Therapeutics*

6 rounds we have observed, with the 9 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 7 months ago

Funding summary Updated 26 Oct 2026

**$386M** raised across 6 rounds since 2012, from 6 sources

**$6.6M** Venture **$26M** Series B **$15M** Debt **$50M** Series C **$115M** Round **$173M** Round

- **Latest round:** Round, $173M Apr 2026
- **Step-up i:** 1.5×
- **Investors:** 9

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.

2014 2016 2018 2020 2022 2024 2026

**$6.6M** Venture

**$26M** Series B

**$15M** Debt

**$50M** Series C

**$115M** Round

**$173M** Round

- **First round:** Venture, $6.6M
- **Biggest round:** $173M
- **Usual gap between rounds:** 23 months

## The rounds

- **Apr 2026** Round **$173M** *4 returning* [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) [Vivo Capital](https://millionrounds.com/fund/vivo-capital) [Omega Funds](https://millionrounds.com/fund/omega-funds) [Adage Capital Management](https://millionrounds.com/fund/adage-capital-management) Source recorded
- **Jun 2025** Round **$115M** *3 new* *1 returning* [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) [Vivo Capital](https://millionrounds.com/fund/vivo-capital) [Omega Funds](https://millionrounds.com/fund/omega-funds) [Adage Capital Management](https://millionrounds.com/fund/adage-capital-management) Source recorded
- **Jul 2017** Series C **$50M** *3 new* *1 returning* [TPG](https://millionrounds.com/fund/tpg) [Omega Funds](https://millionrounds.com/fund/omega-funds) [Aperture](https://millionrounds.com/fund/aperture) New Enterprise Associates/ Lundbeckfonden Reported by FinSMEs SEC filing: $41M sold, first sale Jul 2017
- **Jan 2015** Debt **$15M** *2 new* [Square 1 Bank](https://millionrounds.com/fund/square-1-bank) [Solar Capital](https://millionrounds.com/fund/solar-capital) From a historical funding record
- **Nov 2014** Series B **$26M** *1 new* [TPG](https://millionrounds.com/fund/tpg) From a historical funding record
- **Dec 2012** Venture **$6.6M** No investor was named in the report. Reported by sec.gov SEC filing: $6.6M sold, first sale Dec 2012

## Founders and team

From the SEC filings it signed: 4 on the team.

- **Jennifer L. Good** Executive Officer, Director i
- **Lisa L. Delfini** Executive Officer i
- **Thomas L. Sciascia** Executive Officer i
- **William L. Forbes** Executive Officer i

On the board, as filed i *Anne L. VanLent* *David L. Meeker* *Dominick L. Colangelo* *Edward L. Mathers* *James L. Cassella* *Michael L. Heffernan*

## 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.

**Venture** 2012 **Series B** 2014 **Debt** 2015 **Series C** 2017 **Round** 2025 **Round** 2026 [Omega Funds](https://millionrounds.com/fund/omega-funds) [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) [TPG](https://millionrounds.com/fund/tpg) [Vivo Capital](https://millionrounds.com/fund/vivo-capital) [Adage Capital Management](https://millionrounds.com/fund/adage-capital-management) [Square 1 Bank](https://millionrounds.com/fund/square-1-bank) [Aperture](https://millionrounds.com/fund/aperture) [Solar Capital](https://millionrounds.com/fund/solar-capital) New Enterprise Associates/ Lundbeckfonden

## Everyone who backed them

[Omega Funds](https://millionrounds.com/fund/omega-funds) VC firm **3** rounds

[New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) VC firm **2** rounds

[TPG](https://millionrounds.com/fund/tpg) Private equity **2** rounds

[Vivo Capital](https://millionrounds.com/fund/vivo-capital) Private equity **2** rounds

[Adage Capital Management](https://millionrounds.com/fund/adage-capital-management) Asset manager **2** rounds

[Square 1 Bank](https://millionrounds.com/fund/square-1-bank) Investment firm **1** round

[Aperture](https://millionrounds.com/fund/aperture) Hedge fund **1** round

[Solar Capital](https://millionrounds.com/fund/solar-capital) Angel **1** round

New Enterprise Associates/ Lundbeckfonden 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=trevi-therapeutics).

## Quick answers about Trevi Therapeutics

### Who invested in Trevi Therapeutics?

Trevi Therapeutics's investors include Omega Funds, New Enterprise Associates, TPG, Vivo Capital and Adage Capital Management, and 4 more on record.

### How much has Trevi Therapeutics raised?

Trevi Therapeutics has raised $386M across 6 rounds since 2012.

### When did Trevi Therapeutics last raise?

Trevi Therapeutics's most recent round was an Undisclosed round of $173M in Apr 2026.

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

Its most recent round, $173M in Apr 2026, is also its largest on record.

### Who backed Trevi Therapeutics first?

Trevi Therapeutics's first round on record, in Nov 2014, was backed by TPG.

### What stage is Trevi Therapeutics at?

Trevi Therapeutics's latest named round is an Undisclosed round, in Apr 2026.

### Where is Trevi Therapeutics based?

Trevi Therapeutics is based in the United States.

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

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