Pheast Therapeutics

Redwood City, CA · Founded 2021 · Privately Held (backing)

Provider of immuno-oncology therapies intended to activate the innate immune system to fight cancer. Pheast Therapeutics is based in Redwood City, CA and was founded in 2021. It was valued at $155 million at its early-stage round in Oct 2025, the last priced event on record. It has raised $101 million across 2 recorded rounds; the latest was a $24.6 million early-stage round in Oct 2025.

PMV mark · valuation
$154.6M
Oct 2026
Priced at
its early-stage round
Oct 2025
Total raised
$100.6M
Last round
Early Stage VC
Oct 2025

Pheast Therapeutics key facts

as of Oct 2026
  • Provider of immuno-oncology therapies intended to activate the innate immune system to fight cancer.
  • Pheast Therapeutics is valued at approximately $154.6M as of Oct 2026, set at its early-stage round, Oct 2025; nothing has traded since, per PrivateMarketView’s mark.
  • It has raised $100.6M across 2 recorded rounds; the latest was Early Stage VC ($24.6M) in Oct 2025.
  • Notable investors include Alexandria Venture Investments, ARCH Venture Partners, Catalio Capital Management, Rsquared.
  • Pheast Therapeutics has filed 2 Form Ds with the SEC since 2022, most recently Apr 2025 ($75.3M sold to 7 investors).
  • Status: Privately Held (backing).
PrivateMarketView mark
LOW confidence
$154.6M

Valued at $154.6M at its early-stage round, Oct 2025. Nothing has traded since.

set by its last priced roundas of Oct 2026question about this number?
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Pheast Therapeutics funding rounds

2 rounds
Oct 2025Early Stage VC$24.6MSEC filing▮
Jan 2022Later Stage VC$75.3MSEC filing▮

Pheast Therapeutics valuation

Pheast Therapeutics was valued at $155 million at its early-stage round in Oct 2025. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

How much has Pheast Therapeutics raised?

Pheast Therapeutics has raised $101 million across 2 recorded rounds since 2022. The largest was a $75.3 million later-stage round in Jan 2022; the most recent was a $24.6 million early-stage round in Oct 2025.

Pheast Therapeutics has filed 2 Form Ds with the SEC since 2022, most recently in Apr 2025 ($75.3 million sold to 7 investors).

Pheast Therapeutics investors

4 investors are on record for Pheast Therapeutics, including Alexandria Venture Investments, ARCH Venture Partners, Catalio Capital Management and Rsquared. The early-stage round in Oct 2025 drew 7 investors.

About Pheast Therapeutics

Provider of immuno-oncology therapies intended to activate the innate immune system to fight cancer. The company offers an anti-CD24 macrophage checkpoint inhibitor engineered to induce macrophages to engulf and destroy cancer cells, alongside additional therapies for aggressive cancers, enabling patients with hard-to-treat tumors to benefit from targeted immune activation.

Sector
Healthcare
HQ
Redwood City, CA, United States
Founded
2021
Employees
33
Ownership
Privately Held (backing)

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