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Ray Therapeutics secures $125 Million Series B financing led by Janus Henderson Investors to advance vision restoration treatments.

PRIVATEApr 21, 2026

Amount Raised

$125 Million

Round Type

Series B

San DiegoBiotechnologyHealth CareScience And Engineering

Investors

Norwest Venture PartnersDeerfield ManagementJanus Henderson InvestorsMRL Ventures Fund4BIO CapitalNovo Holdings A/SPlatanusAdage Capital ManagementFranklin TempletonInvusMarshall Wace

Description

Ray Therapeutics announced the closing of an upsized $125 million Series B financing round. This funding will support late-stage clinical development for RTx-015 and clinical studies for RTx-021. The round was led by Janus Henderson Investors with participation from several other firms. The financing reflects strong support from both new and existing investors.

Quick answer

Ray Therapeutics raised $125 Million in a Series B round, dated April 21, 2026. Investors: Norwest Venture Partners, Deerfield Management, Janus Henderson Investors, MRL Ventures Fund, 4BIO Capital, Novo Holdings A/S, Platanus and Adage Capital Management. Ray Therapeutics is based in San Diego, California, United States.

How much did Ray Therapeutics raise?
Ray Therapeutics raised $125 Million in a Series B round on April 21, 2026.
Who invested in Ray Therapeutics?
Norwest Venture Partners, Deerfield Management, Janus Henderson Investors, MRL Ventures Fund, 4BIO Capital, Novo Holdings A/S, Platanus and Adage Capital Management are named as investors in this round.
What does Ray Therapeutics do?
Ray Therapeutics Inc (RayTx) is a late-stage preclinical Bay Area biotechnology company pioneering the first-to-market precision optogenetic therapy for vision restoration that is highly active in ambient lighting (and..
Where is Ray Therapeutics based and how big is it?
Ray Therapeutics is based in San Diego, California, United States. Fundz records about 33 employees.
Who are the decision-makers at Ray Therapeutics?
Fundz holds 1 contact at Ray Therapeutics, including the Sr Director, CMC Analytical. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Science And Engineering and Biotechnology around the same time

Companies in the same sectors as Ray Therapeutics that raised within 45 days of this round, from Fundz verified event records.

  • OliX Pharmaceuticals raised $89M (Post-IPO Equity) on June 4, 2026.
  • Advanced NanoTherapies raised $31M (Series B) on June 2, 2026.
  • Psilera raised $8.8M (Seed) on May 28, 2026.
  • Degron Therapeutics raised $40M (Series A) on May 14, 2026.
  • Maze Therapeutics raised $145M (Post-IPO Equity) on April 22, 2026.
  • Orthogon Therapeutics raised $11M (Funding Round) on April 17, 2026.

Who to call at Ray Therapeutics, and when

A new round usually means Ray Therapeutics is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Ray Therapeutics

Location

3625 Dudley Street

San Diego, California, United States

About

Ray Therapeutics Inc (RayTx) is a late-stage preclinical Bay Area biotechnology company pioneering the first-to-market precision optogenetic therapy for vision restoration that is highly active in ambient lighting (and will not require light-enhancing goggles). Our studies have shown for the first time that our proprietary ChRown optogenetic protein can restore high levels of visual acuity, contrast sensitivity and visual field. RayTx lead asset, RTx-015, is expected to address the huge unmet medical in people suffering from many forms of retinal blindness (independent of the underlying genetic cause), including those with advanced age-related macular degeneration. RayTx has partnered with a world-leading AAV gene therapy manufacturer is utilizing their proprietary commercial manufacturing process and analytics to maximally de-risk clinical development. RayTx anticipates clinical trials will begin by the end of 2023 in our initial indication, retinitis pigmentosa.

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Related People

1 contact
Verified contactsVidya S., Sr Director, CMC Analytical hiddenSee plans and pricing
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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Ray Therapeutics raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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