Allay Therapeutics

San Jose, CA · Founded 2016 · Privately Held (backing)

Developer of sustained analgesic products designed to provide post-surgical pain management and recuperation for patients and physicians. Allay Therapeutics is based in San Jose, CA and was founded in 2016. It was valued at $126 million at its later-stage round in Jun 2025, the last priced event on record. It has raised $175 million across 3 recorded rounds; the latest was a $45 million early-stage round in Jan 2025.

PMV mark · valuation
$126.0M
Oct 2026
Priced at
its later-stage round
Jun 2025
Total raised
$174.8M
Last round
Early Stage VC
Jan 2025
How much has Allay Therapeutics raised?
$174.8Macross 3 recorded rounds · Apr 2020 – Jan 2025

Most recently, Allay Therapeutics raised $45.0M in its Early Stage VC (Jan 2025).

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Allay Therapeutics round by round

3 rounds
Jan 2025Early Stage VC$45.0MSEC filing▮
18 investors participated
Sep 2021Later Stage VC$86.9MSEC filing▮
22 investors participated
Apr 2020Early Stage VC$15.0MSEC filing▮
7 investors participated

How much has Allay Therapeutics raised?

Allay Therapeutics has raised $175 million across 3 recorded rounds since 2020. The largest was an $86.9 million later-stage round in Sep 2021; the most recent was a $45 million early-stage round in Jan 2025.

Allay Therapeutics has filed 4 Form Ds with the SEC since 2021, most recently in Feb 2025 ($45 million sold to 18 investors).

Allay Therapeutics investors

19 investors are on record for Allay Therapeutics, including New Enterprise Associates, Temasek Holdings, EDBI and SGInnovate. By type, the record holds 6 venture capital firms and 1 family office. The early-stage round in Jan 2025 drew 18 investors.

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Frequently asked about Allay Therapeutics

How much has Allay Therapeutics raised?
Allay Therapeutics has raised $174.8M in total across 3 recorded funding rounds.
When was Allay Therapeutics's last funding round?
Allay Therapeutics's most recent recorded round was Early Stage VC in Jan 2025, raising $45.0M.