# RA Capital Management's Biotech Investments: 197 Startups in Its Portfolio (2026) > The 197 Biotech startups RA Capital Management has backed, by stage: $38B raised between them. From the rounds we track; updated nightly. Source: https://millionrounds.com/portfolio-maps/ra-capital-management-biotech-portfolio (Millionrounds; every figure on the page links to its filing or article) ## Stage not reported 65 - [Apogee Therapeutics](https://millionrounds.com/company/apogee-therapeutics) - [Candid Therapeutics](https://millionrounds.com/company/candid-therapeutics) - [Tyra Biosciences](https://millionrounds.com/company/tyra-biosciences) - [Legend Biotech](https://millionrounds.com/company/legend-biotech) - [Freenome](https://millionrounds.com/company/freenome) - [Phathom Pharmaceuticals](https://millionrounds.com/company/phathom-pharmaceuticals) - [Avalo Therapeutics](https://millionrounds.com/company/avalo-therapeutics) - [New Amsterdam Pharma](https://millionrounds.com/company/new-amsterdam-pharma) - [*CT* Cerevel Therapeutics](https://millionrounds.com/company/cerevel-therapeutics) - [Taysha Gene Therapies](https://millionrounds.com/company/taysha-gene-therapies) - [Immunic Therapeutics](https://millionrounds.com/company/immunic-therapeutics) - [Century Therapeutics](https://millionrounds.com/company/century-therapeutics) - [Janux Therapeutics](https://millionrounds.com/company/janux-therapeutics) - [Belite Bio](https://millionrounds.com/company/belite-bio) - [*DT* Dice Therapeutics](https://millionrounds.com/company/dice-therapeutics) - [Biohaven Pharmaceutical](https://millionrounds.com/company/biohaven-pharmaceutical) - [Nkarta Therapeutics](https://millionrounds.com/company/nkarta-therapeutics) - [CG Oncology](https://millionrounds.com/company/cg-oncology) - [COMPASS Pathways](https://millionrounds.com/company/compass-pathways) - [Q32 Bio](https://millionrounds.com/company/q32-bio) - [Tourmaline Bio](https://millionrounds.com/company/tourmaline-bio) - [Celladon](https://millionrounds.com/company/celladon) - [LEXEO Therapeutics](https://millionrounds.com/company/lexeo-therapeutics) - [bluebird bio](https://millionrounds.com/company/bluebird-bio) +41 more ## Series C and later 52 - [Blueprint Medicines](https://millionrounds.com/company/blueprint-medicines) - [Avidity Biosciences](https://millionrounds.com/company/avidity-biosciences) - [Moderna](https://millionrounds.com/company/moderna) - [Orchard Therapeutics](https://millionrounds.com/company/orchard-therapeutics) - [Galecto](https://millionrounds.com/company/galecto) - [Solid Biosciences](https://millionrounds.com/company/solid-biosciences) - [Star Therapeutics](https://millionrounds.com/company/star-therapeutics) - [*ZL* Zai Lab](https://millionrounds.com/company/zai-lab) - [Coherus Biosciences](https://millionrounds.com/company/coherus-biosciences) - [CORXEL Pharmaceuticals](https://millionrounds.com/company/corxel-pharmaceuticals) - [Terremoto Biosciences](https://millionrounds.com/company/terremoto-biosciences) - [Arcutis Biotherapeutics](https://millionrounds.com/company/arcutis-biotherapeutics) - [Obsidian Therapeutics](https://millionrounds.com/company/obsidian-therapeutics) - [ADCendo](https://millionrounds.com/company/adcendo) - [Spero Therapeutics](https://millionrounds.com/company/spero-therapeutics) - [Alentis Therapeutics](https://millionrounds.com/company/alentis-therapeutics) - [Peloton Therapeutics](https://millionrounds.com/company/peloton-therapeutics) - [ViaCyte](https://millionrounds.com/company/viacyte) - [Circle Pharma](https://millionrounds.com/company/circle-pharma) - [Vividion Therapeutics](https://millionrounds.com/company/vividion-therapeutics) - [Electra Therapeutics](https://millionrounds.com/company/electra-therapeutics) - [Sionna Therapeutics](https://millionrounds.com/company/sionna-therapeutics) - [Bluejay Therapeutics](https://millionrounds.com/company/bluejay-therapeutics) - [Alpha-9 Oncology](https://millionrounds.com/company/alpha-9-oncology) +28 more ## Series B 46 - [*CT* Cidara Therapeutics](https://millionrounds.com/company/cidara-therapeutics) - [Wave Life Sciences](https://millionrounds.com/company/wave-life-sciences) - [Artiva Biotherapeutics](https://millionrounds.com/company/artiva-biotherapeutics) - [Global Blood Therapeutics](https://millionrounds.com/company/global-blood-therapeutics) - [Windward Bio](https://millionrounds.com/company/windward-bio) - [Expedition Therapeutics](https://millionrounds.com/company/expedition-therapeutics) - [Aeglea BioTherapeutics](https://millionrounds.com/company/aeglea-biotherapeutics) - [Surrozen](https://millionrounds.com/company/surrozen) - [Stoke Therapeutics](https://millionrounds.com/company/stoke-therapeutics) - [*BB* Bolt Biotherapeutics](https://millionrounds.com/company/bolt-biotherapeutics) - [Gracell Biotechnologies](https://millionrounds.com/company/gracell-biotechnologies) - [*CT* Capstan Therapeutics](https://millionrounds.com/company/capstan-therapeutics) - [Mariana Oncology](https://millionrounds.com/company/mariana-oncology) - [Aktis Oncology](https://millionrounds.com/company/aktis-oncology) - [Black Diamond Therapeutics](https://millionrounds.com/company/black-diamond-therapeutics) - [Tenaya Therapeutics](https://millionrounds.com/company/tenaya-therapeutics) - [Graphite Bio](https://millionrounds.com/company/graphite-bio) - [Septerna](https://millionrounds.com/company/septerna) - [Prelude Therapeutics](https://millionrounds.com/company/prelude-therapeutics) - [*HT* Harpoon Therapeutics](https://millionrounds.com/company/harpoon-therapeutics) - [Outpace Bio](https://millionrounds.com/company/outpace-bio) - [Achilles Therapeutics](https://millionrounds.com/company/achilles-therapeutics) - [*HT* Halda Therapeutics](https://millionrounds.com/company/halda-therapeutics) - [SonoThera](https://millionrounds.com/company/sonothera) +22 more ## Series A 27 - [Celcuity](https://millionrounds.com/company/celcuity) - [Tango Therapeutics](https://millionrounds.com/company/tango-therapeutics) - [Dyne Therapeutics](https://millionrounds.com/company/dyne-therapeutics) - [Verdiva Bio](https://millionrounds.com/company/verdiva-bio) - [89Bio](https://millionrounds.com/company/89bio) - [Verve Therapeutics](https://millionrounds.com/company/verve-therapeutics) - [GentiBio](https://millionrounds.com/company/gentibio) - [Slate Medicines](https://millionrounds.com/company/slate-medicines) - [BioAge Labs](https://millionrounds.com/company/bioage-labs) - [Ambros Therapeutics](https://millionrounds.com/company/ambros-therapeutics) - [Adcytherix](https://millionrounds.com/company/adcytherix) - [Icosavax](https://millionrounds.com/company/icosavax) - [*A* AavantiBio](https://millionrounds.com/company/aavantibio) - [Trace Neuroscience](https://millionrounds.com/company/trace-neuroscience) - [*ET* Emergence Therapeutics](https://millionrounds.com/company/emergence-therapeutics) - [Alethio Therapeutics](https://millionrounds.com/company/alethio-therapeutics) - [*MM* Memento Medicines](https://millionrounds.com/company/memento-medicines) - [Satsuma Pharmaceuticals](https://millionrounds.com/company/satsuma-pharmaceuticals) - [Stylus Medicine](https://millionrounds.com/company/stylus-medicine) - [Adela](https://millionrounds.com/company/adela) - [Azalea Therapeutics](https://millionrounds.com/company/azalea-therapeutics) - [Lusaris Therapeutics](https://millionrounds.com/company/lusaris-therapeutics) - [Tectora Therapeutics](https://millionrounds.com/company/tectora-therapeutics) - [Secretome Therapeutics](https://millionrounds.com/company/secretome-therapeutics) +3 more ## Growth 5 - [Intarcia Therapeutics](https://millionrounds.com/company/intarcia-therapeutics) - [CellCentric](https://millionrounds.com/company/cellcentric) - [Element Biosciences](https://millionrounds.com/company/element-biosciences) - [TARIS Biomedical](https://millionrounds.com/company/taris-biomedical) - [AmpliPhi Biosciences](https://millionrounds.com/company/ampliphi-biosciences) ## Pre-seed and seed 2 - [Avilar Therapeutics](https://millionrounds.com/company/avilar-therapeutics) - [Pahr Therapeutics](https://millionrounds.com/company/pahr-therapeutics) ## Segment by segment ### Stage not reported 65 startups · $12B raised - [**Apogee Therapeutics**](https://millionrounds.com/company/apogee-therapeutics) Apogee Therapeutics is a biotechnology company that offers therapies for immunological and inflammatory disorders. United States $1.3B - [**Candid Therapeutics**](https://millionrounds.com/company/candid-therapeutics) Candid Therapeutics was a clinical-stage biotechnology company based in San Diego, California, founded in 2024. United States $875M - [**Tyra Biosciences**](https://millionrounds.com/company/tyra-biosciences) Tyra Biosciences is a biotechnology company targeting new pathways of acquired resistance in oncology with purpose-built drugs. United States $600M - [**Legend Biotech**](https://millionrounds.com/company/legend-biotech) Legend Biotech is a biopharmaceutical company that develops and commercializes novel cell therapies for oncology. United States $576M - [**Freenome**](https://millionrounds.com/company/freenome) Freenome is a biotechnology company with a comprehensive multiomics platform for cancer detection using a routine blood draw. United States $553M - [**Phathom Pharmaceuticals**](https://millionrounds.com/company/phathom-pharmaceuticals) Phathom Pharmaceuticals is a biopharmaceutical company. United States $530M - [**Avalo Therapeutics**](https://millionrounds.com/company/avalo-therapeutics) Avalo Therapeutics is a clinical-stage biopharmaceutical company. United States $501M - [**New Amsterdam Pharma**](https://millionrounds.com/company/new-amsterdam-pharma) New Amsterdam is a clinical-stage company focused on the research and development of transformative therapies for cardio-metabolic diseases. Netherlands $453M ### Series C and later 52 startups · $11B raised - [**Blueprint Medicines**](https://millionrounds.com/company/blueprint-medicines) Blueprint Medicines is a global, fully integrated biopharmaceutical company that invents life-changing medicines. United States $1.4B - [**Avidity Biosciences**](https://millionrounds.com/company/avidity-biosciences) Synapse Energy Economics is a consulting firm providing economic and policy analysis for the electric power sector. United States $790M - [**Moderna**](https://millionrounds.com/company/moderna) Learn how we’re changing the world of medicine. United States $675M - [**Orchard Therapeutics**](https://millionrounds.com/company/orchard-therapeutics) Orchard Therapeutics is a biotechnology company dedicated to assisting patients through innovative gene therapies. United Kingdom $377M - [**Galecto**](https://millionrounds.com/company/galecto) Galecto is a clinical stage biotechnology company focused on the development of novel treatments for fibrosis and cancer. Denmark $365M - [**Solid Biosciences**](https://millionrounds.com/company/solid-biosciences) Solid Biosciences is a life science company that conducts research for the treatment of Duchenne muscular dystrophy. United States $333M - [**Star Therapeutics**](https://millionrounds.com/company/star-therapeutics) Star Therapeutics is a clinical-stage biotechnology company based in South San Francisco, California, founded in 2018. United States $325M - [*ZL* **Zai Lab**](https://millionrounds.com/company/zai-lab) China $310M ### Series B 46 startups · $7.0B raised - [*CT* **Cidara Therapeutics**](https://millionrounds.com/company/cidara-therapeutics) Cidara Therapeutics is a biotechnology company that specializes in the fields of healthcare and therapeutics. United States $463M - [**Wave Life Sciences**](https://millionrounds.com/company/wave-life-sciences) Wave Life Sciences is a clinical-stage RNA medicines company committed to delivering life-changing treatments for people battling United States $434M - [**Artiva Biotherapeutics**](https://millionrounds.com/company/artiva-biotherapeutics) Artiva Biotherapeutics is a biotech company focused on developing and commercializing allogeneic natural killer (NK) cell therapies. United States $420M - [**Global Blood Therapeutics**](https://millionrounds.com/company/global-blood-therapeutics) GBT is a clinical-stage biopharmaceutical company developing a therapy for sickle cell disease. United States $389M - [**Windward Bio**](https://millionrounds.com/company/windward-bio) Windward Bio is a clinical-stage biotechnology company with deep discovery, development, and commercialization expertise committed Switzerland $365M - [**Expedition Therapeutics**](https://millionrounds.com/company/expedition-therapeutics) Expedition Therapeutics is a biotechnology company based in San Francisco, founded in 2024. United States $280M - [**Aeglea BioTherapeutics**](https://millionrounds.com/company/aeglea-biotherapeutics) Aeglea BioTherapeutics is a clinical-stage biotechnology company that develops enzyme therapies for rare metabolic diseases. United States $266M - [**Surrozen**](https://millionrounds.com/company/surrozen) Surrozen is a biopharmaceutical that focuses on unlocking the body’s regenerative power to treat injury and disease. United States $258M ### Series A 27 startups · $5.7B raised - [**Celcuity**](https://millionrounds.com/company/celcuity) Celcuity is a biotechnology company translating discoveries of new cancer sub-types into expanded therapeutic options for cancer patients. United States $1.0B - [**Tango Therapeutics**](https://millionrounds.com/company/tango-therapeutics) Tango Therapeutics is a biotechnology company that is developing next generation cancer therapies. United States $852M - [**Dyne Therapeutics**](https://millionrounds.com/company/dyne-therapeutics) Dyne Therapeutics is a developer of targeted therapies intended for serious muscle diseases. United States $828M - [**Verdiva Bio**](https://millionrounds.com/company/verdiva-bio) Verdiva Bio is a clinical-stage biopharmaceutical company based in Guildford, United Kingdom, founded in 2024. United Kingdom $601M - [**89Bio**](https://millionrounds.com/company/89bio) 89bio is a biopharmaceutical company that develops clinical-stage therapies for liver and cardiometabolic diseases. United States $348M - [**Verve Therapeutics**](https://millionrounds.com/company/verve-therapeutics) Verve Therapeutics is a genetic medicine firm that is developing treatments for cardiovascular disease. United States $202M - [**GentiBio**](https://millionrounds.com/company/gentibio) GentiBio is a clinical-stage biotherapeutics company founded in 2020, focused on developing engineered regulatory T-cell therapies United States $157M - [**Slate Medicines**](https://millionrounds.com/company/slate-medicines) Slate Medicines develops therapeutics that target Pituitary Adenylate Cyclase-Activating Polypeptide for migraine treatment and prevention. United States $130M ### Growth 5 startups · $2.0B raised - [**Intarcia Therapeutics**](https://millionrounds.com/company/intarcia-therapeutics) Intarcia Therapeutics develops therapies for diseases that require long-term chronic treatment. United States $1.1B - [**CellCentric**](https://millionrounds.com/company/cellcentric) CellCentric is a clinical-stage biopharmaceutical company based in Cambridge, UK. United Kingdom $525M - [**Element Biosciences**](https://millionrounds.com/company/element-biosciences) Element Biosciences is a biotechnology company based in San Diego, founded in 2017 by former Illumina scientists. United States $190M - [**TARIS Biomedical**](https://millionrounds.com/company/taris-biomedical) TARIS Biomedical is a pharmaceutical company developing therapies for genitourinary system issues. United States $84M - [**AmpliPhi Biosciences**](https://millionrounds.com/company/ampliphi-biosciences) Seasoned drug development teams from AmpliPhi Biosciences Corporation and C3J Therapeutics have joined together to form Armata Pha United States $44M ### Pre-seed and seed 2 startups · $29M raised - [**Avilar Therapeutics**](https://millionrounds.com/company/avilar-therapeutics) Avilar Therapeutics is a biopharmaceutical company based in Waltham, Massachusetts, founded in 2020. United States $15M - [**Pahr Therapeutics**](https://millionrounds.com/company/pahr-therapeutics) Pahr Therapeutics is a clinical stage business, is to create innovative ways to treat pulmonary arterial hypertension. United States $14M **How this map is made.** Every startup here works in Biotech and has raised money in a round we track that names RA Capital Management as an investor. Each sits under the stage of its latest round. Rebuilt nightly; updated 15 November 2026. ## More portfolio maps [All portfolios](https://millionrounds.com/portfolio-maps) [Sector portfolio **RA Capital Management's Pharma portfolio** 44 startups · $8.1B](https://millionrounds.com/portfolio-maps/ra-capital-management-pharma-portfolio)[Sector portfolio **RA Capital Management's Healthtech portfolio** 10 startups · $1.2B](https://millionrounds.com/portfolio-maps/ra-capital-management-healthtech-portfolio)[Portfolio map **RA Capital Management portfolio map** 264 startups · $48B](https://millionrounds.com/portfolio-maps/ra-capital-management-portfolio-map)[Co-investors **Who invests with RA Capital Management** 152 co-investors](https://millionrounds.com/portfolio-maps/ra-capital-management-co-investors)[Sector portfolio **OrbiMed's Biotech portfolio** 176 startups · $28B](https://millionrounds.com/portfolio-maps/orbimed-biotech-portfolio)[Sector portfolio **Pioneer Fund's AI portfolio** 171 startups · $2.8B](https://millionrounds.com/portfolio-maps/pioneer-fund-2-ai-portfolio) ## Raising from investors like RA Capital Management? Find the investors who back startups like yours, with their cheques, rounds and partners, in the app with filters, lists and exports. [Find investors](https://millionrounds.com/login?join=1&next=/app/investors)[Market maps](https://millionrounds.com/market-maps)