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
What is Rakuten Medical worth?
$818.0Mlast reported valuation · Oct 2026

Rakuten Medical's last reported valuation, Mar 2024. Nothing priced has surfaced since.

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Valuation timeline

0 priced rounds · 32 daily marks since · Sep 2026 – Oct 2026
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Rakuten Medical funding history

11 rounds
DateRoundRaisedPost-money
Jul 2025Later Stage VC$111.5M▮
Dec 2024Seed Round$1.9M▮
Mar 2024Seed Round$4.2M▮
Aug 2023Later Stage VC$104.8M▮
Dec 2022Debt$70.0M▮
Jun 2022Seed Round$2.2M▮
+ 5 earlier rounds · a free account shows the full history
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Rakuten Medical valuation

Rakuten Medical's last reported valuation was $818 million in Mar 2024. No priced round, secondary trade or fund mark has surfaced since.

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).

How Rakuten Medical's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For Rakuten Medical, the most current credible signal sets the number and the older ones confirm it: a live secondary-market price first, then three or more recent prints, then institutional fund marks, and otherwise the last priced round, which never decays. The valuation is the last round’s post-money moved by the price change since that round, so no share count is assumed. Today it is set by last reported valuation. Question about this number? Full methodology →

Frequently asked about Rakuten Medical

What is Rakuten Medical worth?
Rakuten Medical is valued at $818.0M as of Oct 2026. Rakuten Medical's last reported valuation, Mar 2024. Nothing priced has surfaced since.
How much has Rakuten Medical raised?
Rakuten Medical has raised $887.1M in total funding across 11 recorded rounds.
When did Rakuten Medical last raise?
Rakuten Medical last raised in Jul 2025 (Later Stage VC), raising $111.5M.