Funding round
Orca Bio Series F
Orca Bio, which works in cell therapy development in Menlo Park, raised $250M in a Series F round announced on 1 Jan 2026, led by Lightspeed Venture Partners. 1 firm took part. It is Orca Bio's second venture round on record; the one before was a Series D in Jun 2020.
$250M
Amount raised
of which $100M debt
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Orca Bio did not disclose a valuation in this round. It came 67 months after Orca Bio's Series D. It is 57% of the $442M Orca Bio has raised in the venture rounds on record. No later venture round is on record for Orca Bio.
Orca Bio's funding rounds
Orca Bio has 2 venture rounds on record and 1 other deal. This one is highlighted.
- Series D 17 Jun 2020, led by Lightspeed Venture Partners and Undisclosed Investor $192M
- Series F this round 1 Jan 2026, led by Lightspeed Venture Partners $250M
- Debt not a venture round 12 Jan 2026 amount not disclosed
Investors
Who put money in
Lightspeed Venture Partners led the round.
Lead investor
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Pharmaceutical Products, then Series F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Rakuten Medical Pharmaceutical Products | 7 Jan 2026 | $100M | not disclosed | Taiwania Capital |
| Cyera Tech Companies | 8 Jan 2026 | $400M | $9.00B | Blackstone |
| Claroty Tech Companies | 22 Jan 2026 | $150M | $3.00B | Golub Growth |
| Aerospace and Defence | 15 Jan 2026 | $130M | not disclosed | Woven Capital |
| Perplexity Tech Companies | 1 Dec 2025 | $500M | $20.00B | not named |
| Kavak Hosting & Cloud Infrastructure Providers | 17 Feb 2026 | $300M | $8.70B | Andreessen Horowitz and WCM Investment Management |
| Harvey Tech Companies | 4 Dec 2025 | $160M | $8.00B | Andreessen Horowitz |
| Octane Loans & Financing | 15 Dec 2025 | $100M | $1.30B | Valar Ventures |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Orca Bio raise in its Series F round?
Orca Bio raised $250M in its Series F round, announced in Jan 2026.
Who led Orca Bio's Series F round?
Lightspeed Venture Partners led it.
What was Orca Bio's valuation at the Series F round?
It was not disclosed.