RA Capital Management

Asset manager · Boston, Massachusetts · Founded 2004

Founded in 2004, RA Capital Management is an asset manager based in Boston, Massachusetts. 91 portfolio companies and 251 recorded rounds are on record.

AUM
$10.0B
Portfolio companies
91
Recorded deals
251
31 in last 12M
Last investment
Feb 2026

Deal history

251 participations
DateCompanyRaisedRole
Sep 2026Superluminal Medicines▮▮
Aug 2026Expedition Therapeutics▮▮
Feb 2026ILiAD Biotechnologies▮▮
+ 248 more deals · all 251, priced and dated
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Investment activity

RA Capital Management joined 74 recorded rounds in the last two years (28 in the last 12 months), down from 117 in the two years before. By year: 11 in 2026, 46 in 2025 and 76 in 2024. Across all 251 recorded rounds, 109 were later-stage, 70 were early-stage and 10 were seed. 2 rounds landed in the last 90 days. RA Capital Management most often invests alongside Fidelity Management & Research Company (12 shared rounds) and Viking Global Investors (10 shared rounds). Most recently: Superluminal Medicines (Series B, Sep 2026) and Expedition Therapeutics (Series B, Aug 2026).

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