United States · 
Who invested in Zenas BioPharma?
Zenas BioPharma's investors include New Enterprise Associates, Norwest Venture Partners, Wellington Management, Vivo Capital and SR One, and 11 more on record.
20252026
$200MSeries C$120MRound$100MRound
United States · Funded startup
Who invested in Zenas BioPharma
Funding summaryUpdated 26 Oct 2026
$420Mraised across 3 rounds since 2024, from 3 sources
$200MSeries C$120MRound$100MRound
- Latest round
- Round, $100MMar 2026
- Biggest round
- $200MSeries C · May 2024
- Investors
- 16 (4 led)
The funding story
Each circle is a round, placed by date and sized by amount. The line above is the running total.
- First round
- Series C, $200M May 2024
- Biggest round
- $200M Series C · May 2024
- Usual gap between rounds
- 17 months the median of 2
The rounds
- Mar 2026Round$100M1 new4 returning
New Enterprise Associates
Norwest Venture Partners
Wellington Management
Perceptive Advisors
Vivo Capital
Source recorded
- Oct 2025Round$120M5 returning
Source recorded
- May 2024Series C$200M15 new
- New Enterprise AssociatesLead
- Norwest Venture PartnersLead
SR OneLead
Delos CapitalLead- Wellington Management
- Vivo Capital
Longitude Capital
Rock Springs Capital
ArrowMark Partners
Pivotal bioVenture Partners- Fairmount
Enavate Sciences- Federated Hermes Kaufmann Funds
- Quan Venture Fund
- Superstring Capital
Reported by Tellus BioVenturesSEC filing: $200M sold, first sale May 2024
Founders and team
From Zenas BioPharma's own website and the SEC filings it signed: 1 founder, 11 on the team.
Lonnie MoulderFounder, CEO & Chairman
- Joe FarmerPresident and Chief Operating Officer
- Caroline ChevalierChief Administrative Officer
- Christy OligerBoard of Directors
- Jake Jacob NunnBoard of Directors
- James Patrick BoylanBoard of Directors
- Jennifer Jacob FoxExecutive Officeri
- Joseph O. FarmerExecutive Officeri
- Leon O. MoulderExecutive Officer, Directori
- Patricia Jacob AllenBoard of Directors
- Patrick Gerald EnrightBoard of Directors
- Tanya Z. FischerExecutive Officeri
On the board, as filediHongbo O. LuJohn Jacob OrloffTim Jacob XiaoTomas O. Kiselak
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.
Everyone who backed them
FairmountGrowth equity1round
Federated Hermes Kaufmann FundsGrowth equity1round
Quan Venture FundGrowth equity1round
Superstring CapitalVC firm1round
Missing a round, or an investor who was in one? Tell us.
Also claim to have backed them
This firm lists Zenas BioPharma as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.
Quick answers about Zenas BioPharma
How much has Zenas BioPharma raised?
Zenas BioPharma has raised $420M across 3 rounds since 2024.
When did Zenas BioPharma last raise?
Zenas BioPharma's most recent round was an Undisclosed round of $100M in Mar 2026.
What was Zenas BioPharma's biggest round?
Zenas BioPharma's largest round on record is $200M (Series C), in May 2024, led by New Enterprise Associates.
Who backed Zenas BioPharma first?
Zenas BioPharma's first round on record, in May 2024, was backed by New Enterprise Associates, Norwest Venture Partners and SR One and 12 others.
What stage is Zenas BioPharma at?
Zenas BioPharma's latest named round is an Undisclosed round, in Mar 2026.
Where is Zenas BioPharma based?
Zenas BioPharma is based in the United States.
Who led Zenas BioPharma's rounds?
New Enterprise Associates led the Series C in 2024.
Companies like Zenas BioPharma
In the same sector, and raised in the last eighteen months.
Find investors like these
Search every investor by what they have actually funded, then narrow to your stage and market. Free.