Rakuten Medical
Latest round
- Series F
Last raised
- Jan 2026
Total raised
- $237M
Investors
- 14
About Rakuten Medical
, is a privately funded clinical-stage biotechnology company that develops is a biotechnology company that develops tumor-targeted precision therapies based on the Photoimmunotherapy platform. The company was founded by its CEO Hiroshi Mikitani, along with Dr. Miguel Garcia Guzman. In quarter 1 of 2019, Aspyrian Therapeutics, Inc. rebranded into Rakuten Medical, Inc. In January 2026, Rakuten Medical, Inc. The company offers tumor-targeted precision therapies based on the Photoimmunotherapy platform called Illuminox, an investigational treatment platform based on a cancer therapy called photoimmunotherapy that consists of an investigational drug, device, and other related components. It develops ASP-1929 and ASP-1929+Anti PD-1, an antibody-drug conjugate of cetuximab and IRDye 700DX that targets epidermal growth factor (EGFR). It also formulates RM-1995, a therapeutical solution for recurrent solid tumors. The company's revenue is generated by the sales of its therapeutical products such as ASP-1929 and ASP-1929+Anti PD-1.
Who invested in Rakuten Medical
14 investors across 3 rounds
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Questions about Rakuten Medical
Who invested in Rakuten Medical?
Rakuten Medical has 14 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Rakuten Medical raised?
Rakuten Medical has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Rakuten Medical last raise money?
Rakuten Medical's most recent round on record is a Series F, in Jan 2026.
What does Rakuten Medical do?
, is a privately funded clinical-stage biotechnology company that develops is a biotechnology company that develops tumor-targeted precision therapies based on the Photoimmunotherapy platform.
Where is Rakuten Medical headquartered?
Rakuten Medical is headquartered in San Mateo, US.
Which VCs invest in companies like Rakuten Medical?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back biotechnology companies at Rakuten Medical's stage. Their profiles are linked below.
VCs backing biotechnology startups at Series F
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