Sparrow Pharmaceuticals

Drug Discovery · Portland, OR · Founded 2013 · Privately Held (backing)

Operator of a cardiometabolic therapeutics platform intended to address treatment-resistant diabetes and related metabolic conditions. Sparrow Pharmaceuticals is based in Portland, OR and was founded in 2013. It was valued at $139 million at its later-stage round in Sep 2025, the last priced event on record. It has raised $146 million across 4 recorded rounds; the latest was a $95 million Series B in Sep 2025.

PMV mark · valuation
$139.0M
Oct 2026
Priced at
its later-stage round
Sep 2025
Total raised
$145.8M
Last round
Later Stage VC (Series B)
Sep 2025

Sparrow Pharmaceuticals key facts

as of Oct 2026
  • Operator of a cardiometabolic therapeutics platform intended to address treatment-resistant diabetes and related metabolic conditions.
  • Sparrow Pharmaceuticals is valued at approximately $139.0M as of Oct 2026, set at its later-stage round, Sep 2025; nothing has traded since, per PrivateMarketView’s mark.
  • It has raised $145.8M across 4 recorded rounds; the latest was Later Stage VC (Series B) ($95.0M) in Sep 2025.
  • Notable investors include RA Capital Management, Keiretsu Forum, Matter (Consulting Services (B2B)), OrbiMed, Forbion — 11 tracked in total.
  • Sparrow Pharmaceuticals has filed 5 Form Ds with the SEC since 2019, most recently Jul 2025 ($61.8M sold to 17 investors).
  • Status: Privately Held (backing).
PrivateMarketView mark
LOW confidence
$139.0M

Valued at $139.0M at its later-stage round, Sep 2025. Nothing has traded since.

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

4 rounds
Sep 2025Later Stage VC (Series B)$95.0M▮
Apr 2024Early Stage VC$10.0MSEC filing▮
Dec 2020Seed Round$1.1MSEC filing▮
Aug 2018Seed Round$338KSEC filing▮

Sparrow Pharmaceuticals valuation

Sparrow Pharmaceuticals was valued at $139 million at its later-stage round in Sep 2025. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

How much has Sparrow Pharmaceuticals raised?

Sparrow Pharmaceuticals has raised $146 million across 4 recorded rounds since 2018. The largest was a $95 million Series B in Sep 2025.

Sparrow Pharmaceuticals has filed 5 Form Ds with the SEC since 2019, most recently in Jul 2025 ($61.8 million sold to 17 investors).

Sparrow Pharmaceuticals investors

11 investors are on record for Sparrow Pharmaceuticals, including RA Capital Management, Keiretsu Forum, Matter (Consulting Services (B2B)) and OrbiMed. The Series B in Sep 2025 drew 4 investors.

Comparable companies

Comparable drug discovery names by valuation on PrivateMarketView: Alchemab Therapeutics ($138 million), Imbria Pharmaceuticals ($132 million) and Tahoe ($131 million).

About Sparrow Pharmaceuticals

Operator of a cardiometabolic therapeutics platform intended to address treatment-resistant diabetes and related metabolic conditions. The company offers a novel oral hydroxysteroid dehydrogenase type 1 inhibitor targeting disease progression mechanisms, enabling patients with type 2 diabetes and elevated cortisol to achieve improved glycemic control with fewer side effects and simplified treatment.

Industry
Drug Discovery
Sector
Healthcare
HQ
Portland, OR, United States
Founded
2013
Employees
10
Ownership
Privately Held (backing)

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