Monthly roundup · Pharma · October 2026

Pharma startup funding, October 2026: OMass Therapeutics's $310M Series C leads 10 rounds

By Millionrounds ResearchPublished 1 November 2026

We read 10 equity rounds in Pharma announced in October 2026, raising $882M between them: 1% of all the rounds we read that month and 1% of the money. The largest was OMass Therapeutics's $310M Series C, led by Novo Holdings and Forbion Capital Partners. The median seed round was $3.2M, against $5.5M over the last twelve months across all sectors.

Equity rounds10in Pharma, 10 with an amount
Raised$882Macross those rounds
Lead named70%of rounds say who led
Share of the month1%of rounds; 1% of the money

The biggest rounds

  1. 1OMass TherapeuticsSeries C · United Kingdom · led by Novo Holdings, Forbion Capital Partners$310M
  2. 2PPathos AISeries E · United States · led by Bristol Myers Squibb$237M
  3. 3Matchpoint TherapeuticsSeries B · United States · led by Norwest Venture Partners, Nextech Invest$150M
  4. 4SSoufflé TherapeuticsSeries B · United States · led by Juvia Group$135M
  5. 5TTriorSeries C · South Korea$25M
  6. 6UUndecimal BioSeed · led by IQ Capital, 4BIO Capital$18M
  7. 7MMedcotecSeed · United Kingdom · led by NPIF II – Mercia Equity Finance$3.2M
  8. 8OOmabitSeed · United States · led by Bright Ventures$2.0M
  9. 9MedikeaPre-seed · Tanzania$1.2M
  10. 10CConstellate ProteomicsPre-seed · Netherlands$169K

Day by day

Equity rounds in Pharma announced each day of October. The busiest day was 7 October, with 1.

1 October31 October

By stage, against the year

Each stage's median this month beside its twelve-month median: the sector's own where we hold enough rounds for a benchmark, otherwise the one across all sectors.

Pre-seed2$684Kthis month$2.0M12 months, all sectors
Seed3$3.2Mthis month$5.5M12 months, all sectors
Series B2$143Mthis month$50M12 months, all sectors
Series C2$168Mthis month$100M12 months, all sectors

Where

United States had the most Pharma rounds this month.

Against the month

  • Rounds, Pharma10
  • Rounds, all sectors733
  • Raised, Pharma$882M
  • Raised, all sectors$59B

The whole of October 2026

Other sectors in October

411 roundsAI→100 roundsFintech→72 roundsHealthcare→67 roundsSoftware→67 roundsRobotics→56 roundsManufacturing→44 roundsSaaS→44 roundsConstruction→42 roundsHardware & Electronics→41 roundsBiotech→34 roundsBig Data & Analytics→33 roundsEnergy→33 roundsLogistics→32 roundsEnterprise Software→29 roundsAerospace & Space→29 roundsHealthtech→28 roundsCybersecurity→26 roundsDefence Tech→25 roundsCloud→24 roundsEntertainment→23 roundsB2C→23 roundsFinancial Services→22 roundsMedical Devices→20 roundsCleantech→19 roundsE-commerce→19 roundsFood & Beverage→18 roundsReal Estate→18 roundsDeeptech→18 roundsSemiconductors→17 roundsAgtech→16 roundsDeveloper Tools→15 roundsWeb3 & Crypto→15 roundsRetail→15 roundsMartech→14 roundsSupply Chain→14 roundsInsurtech→14 roundsTelecoms→14 roundsClimate Tech→13 roundsRegtech→13 roundsAutomotive & EVs→13 roundsChemicals & Materials→12 roundsFuture of Work→12 roundsB2B→12 roundsMedia→12 roundsGaming→11 roundsProfessional Services→11 roundsMarketplaces→11 roundsHR Tech→11 roundsEducation→11 roundsSalestech→10 roundsProptech→10 roundsFashion→10 roundsTravel & Hospitality→