# Ultragenyx Pharmaceutical funding: rounds and investors > Ultragenyx Pharmaceutical has raised $535M across 4 rounds since 2011. Investors include F-Prime Capital, Fidelity Biosciences and Adage Capital Management. Source: https://millionrounds.com/company/ultragenyx-pharmaceutical (Millionrounds; every figure on the page links to its filing or article) United States · [Funded startup](https://millionrounds.com/companies) # Who invested in *Ultragenyx Pharmaceutical* 4 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 Raised 12 months ago Funding summary Updated 26 Oct 2026 **$535M** raised across 4 rounds since 2011, from 4 sources **$45M** Series A **$15M** Series A **$75M** Growth **$400M** Debt - **Latest round:** Debt, $400M Nov 2025 - **Step-up i:** 5.3× - **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. 2011 2013 2015 2017 2019 2021 2023 2025 **$45M** Series A **$15M** Series A **$75M** Growth **$400M** Debt - **First round:** Series A, $45M - **Biggest round:** $400M - **Usual gap between rounds:** 13 months ## The rounds - **Nov 2025** Debt **$400M** *1 new* *1 returning* [TPG](https://millionrounds.com/fund/tpg) [Adage Capital Management](https://millionrounds.com/fund/adage-capital-management) Source recorded - **Dec 2012** Growth **$75M** *3 new* *4 returning* [BlackRock](https://millionrounds.com/fund/blackrock) [F-Prime Capital](https://millionrounds.com/fund/f-prime) [Adage Capital Management](https://millionrounds.com/fund/adage-capital-management) [Fidelity Biosciences](https://millionrounds.com/fund/fidelity-biosciences) [Pappas Ventures](https://millionrounds.com/fund/pappas-ventures) [TPG Sourcing Advisors, LLC](https://millionrounds.com/fund/tpg-sourcing-advisors-llc) [Healthcap IX Advisor AB](https://millionrounds.com/fund/healthcap-ix-advisor-ab) Reported by globenewswire.com SEC filing: $75M sold, first sale Dec 2012 - **Jul 2012** Series A **$15M** *2 returning* [F-Prime Capital](https://millionrounds.com/fund/f-prime) [Fidelity Biosciences](https://millionrounds.com/fund/fidelity-biosciences) Reported by bizjournals.com SEC filing: $15M sold, first sale Jul 2012 - **Jun 2011** Series A **$45M** *5 new* [F-Prime Capital](https://millionrounds.com/fund/f-prime) [Fidelity Biosciences](https://millionrounds.com/fund/fidelity-biosciences) [Pappas Ventures](https://millionrounds.com/fund/pappas-ventures) [Healthcap IX Advisor AB](https://millionrounds.com/fund/healthcap-ix-advisor-ab) [TPG Biotechnology Partners](https://millionrounds.com/fund/tpg-biotechnology-partners) Reported by finsmes.com SEC filing: $19M sold, first sale Jun 2011 ## Founders and team From the SEC filings it signed: 7 on the team. - **Cordelia D. Leonard** Executive Officer i - **Emil D. Kakkis** Executive Officer, Director i - **John D. Ditton** Executive Officer i - **Shalini D. Sharp** Executive Officer i - **Steven D. Jungles** Executive Officer i - **Thomas D. Kassberg** Executive Officer i - **Vimal D. Srivastava** Executive Officer i On the board, as filed i *Ben D. Auspitz* *Eran D. Nadav* *Marten D. Steen* *William D. Aliski* ## 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 A** 2011 **Series A** 2012 **Growth** 2012 **Debt** 2025 [F-Prime Capital](https://millionrounds.com/fund/f-prime) [Fidelity Biosciences](https://millionrounds.com/fund/fidelity-biosciences) [Adage Capital Management](https://millionrounds.com/fund/adage-capital-management) [Pappas Ventures](https://millionrounds.com/fund/pappas-ventures) [Healthcap IX Advisor AB](https://millionrounds.com/fund/healthcap-ix-advisor-ab) [BlackRock](https://millionrounds.com/fund/blackrock) [TPG](https://millionrounds.com/fund/tpg) [TPG Sourcing Advisors, LLC](https://millionrounds.com/fund/tpg-sourcing-advisors-llc) [TPG Biotechnology Partners](https://millionrounds.com/fund/tpg-biotechnology-partners) ## Everyone who backed them [F-Prime Capital](https://millionrounds.com/fund/f-prime) VC firm **3** rounds [Fidelity Biosciences](https://millionrounds.com/fund/fidelity-biosciences) Investment firm **3** rounds [Adage Capital Management](https://millionrounds.com/fund/adage-capital-management) Asset manager **2** rounds [Pappas Ventures](https://millionrounds.com/fund/pappas-ventures) VC firm **2** rounds [Healthcap IX Advisor AB](https://millionrounds.com/fund/healthcap-ix-advisor-ab) Investment firm **2** rounds [BlackRock](https://millionrounds.com/fund/blackrock) Asset manager **1** round [TPG](https://millionrounds.com/fund/tpg) Private equity **1** round [TPG Sourcing Advisors, LLC](https://millionrounds.com/fund/tpg-sourcing-advisors-llc) Growth equity **1** round [TPG Biotechnology Partners](https://millionrounds.com/fund/tpg-biotechnology-partners) Growth equity **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=ultragenyx-pharmaceutical). ## Quick answers about Ultragenyx Pharmaceutical ### Who invested in Ultragenyx Pharmaceutical? Ultragenyx Pharmaceutical's investors include F-Prime Capital, Fidelity Biosciences, Adage Capital Management, Pappas Ventures and Healthcap IX Advisor AB, and 4 more on record. ### How much has Ultragenyx Pharmaceutical raised? Ultragenyx Pharmaceutical has raised $535M across 4 rounds since 2011. ### When did Ultragenyx Pharmaceutical last raise? Ultragenyx Pharmaceutical's most recent round was a Debt of $400M in Nov 2025. ### What was Ultragenyx Pharmaceutical's biggest round? Its most recent round, $400M in Nov 2025, is also its largest on record. ### Who backed Ultragenyx Pharmaceutical first? Ultragenyx Pharmaceutical's first round on record, in Jun 2011, was backed by F-Prime Capital, Fidelity Biosciences and Pappas Ventures and 2 others. ### What stage is Ultragenyx Pharmaceutical at? Ultragenyx Pharmaceutical's latest named round is a Debt, in Nov 2025. ### Where is Ultragenyx Pharmaceutical based? Ultragenyx Pharmaceutical is based in the United States. ## Companies like Ultragenyx Pharmaceutical 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) ## 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