Rakuten Medical

San Diego, CA · Founded 2010 · Privately Held (backing)

Developer of precision-targeted cancer therapies designed to treat solid tumors. Rakuten Medical is based in San Diego, CA and was founded in 2010. Its last reported valuation was $818 million in Mar 2024. It has raised $887 million across 11 recorded rounds; the latest was an $112 million later-stage round in Jul 2025.

Last reported valuation
$818.0M
Oct 2026
Priced at
—
Total raised
$887.1M
Last round
Later Stage VC
Jul 2025
How much has Rakuten Medical raised?
$887.1Macross 11 recorded rounds · Jun 2022 – Jul 2025

Most recently, Rakuten Medical raised $111.5M in its Later Stage VC (Jul 2025).

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Rakuten Medical round by round

11 rounds
Jul 2025Later Stage VC$111.5MSEC filing▮
26 investors participated
Dec 2024Seed Round$1.9MSEC filing▮
14 investors participated
Mar 2024Seed Round$4.2MSEC filing▮
15 investors participated
Aug 2023Later Stage VC$104.8MSEC filing▮
15 investors participated
Dec 2022Debt$70.0MSEC filing▮
4 investors participated
Jun 2022Seed Round$2.2MSEC filing▮
20 investors participated
+ 5 earlier rounds · a free account shows the full history

How much has Rakuten Medical raised?

Rakuten Medical has raised $887 million across 11 recorded rounds since 2019. The largest was a $100 million later-stage round in Jul 2019; the most recent was an $112 million later-stage round in Jul 2025.

Rakuten Medical has filed 12 Form Ds with the SEC since 2019, most recently in May 2025 ($1.9 million sold to 14 investors).

Rakuten Medical investors

19 investors are on record for Rakuten Medical, including General Catalyst, Mizuho Bank, Rakuten Capital and ABC Partners. The later-stage round in Jul 2025 drew 26 investors.

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Frequently asked about Rakuten Medical

How much has Rakuten Medical raised?
Rakuten Medical has raised $887.1M in total across 11 recorded funding rounds.
When was Rakuten Medical's last funding round?
Rakuten Medical's most recent recorded round was Later Stage VC in Jul 2025, raising $111.5M.