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Rakuten Medical

Rakuten Medical

Private
San Diego, CaliforniaHealthcare & Life Scienceshttps://rakuten-med.com/us

Last Round

Series F

Jan 7, 2026

Est. Valuation

$1.2B

Total Funding Raised

$1.19B

Momentum

Top 50%

of companies Caplight tracks

Company Overview

Rakuten Medical is a biotechnology company that develops precision-targeted cancer therapies aimed at treating solid tumors through the use of monoclonal antibody conjugates activated by light to selectively eliminate cancer cells while preserving healthy tissue.

Sector

Healthcare & Life Sciences

Verticals

Biotechnology, Medical Devices, Precision Medicine, Clinical Trials, Drug Discovery

Business Model

B2B

Customer Profile

Hardware Sales, Services & Consulting

AI Layer

Non-AI

Keywords

photoimmunotherapyPITcancer therapyprecision oncologydrug-device combinationlight-activated therapytargeted cancer treatmentbiotechnologymedical laserantibody-dye conjugatehead and neck canceroncology pipelineclinical stage biotechcancer techmedtech

Historical Pricing

Historical view of private secondary pricing and transaction trends.

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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Track how buyer interest and sentiment changes over time.

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Rakuten Medical Comparables

Compare Rakuten Medical with similar companies based on industry and business-model similarity.

Rakuten Medical comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
ImPact Biotech
78%
Aura Biosciences
73%
Illuminate Therapeutics
69%
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Rakuten Medical Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Series FJan 7, 2026
Series EMar 6, 2024
Convertible DebtDec 1, 2022
Series DJul 28, 2021
Series C ExtensionJul 31, 2019
Series C
Dec 20, 2018
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Key People

Founding team and executive leadership

Hiroyuki Kodama

Chief Product Officer, Representative Director, President, Rakuten Medical K.K.

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Rakuten Medical Investors

Notable investors and investment history

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Market signals

Structured signals derived from secondary market and firmographic data.

  • Apr 21, 2026

    New preclinical findings presented at AACR 2026 on photoimmunotherapy platform.

  • Apr 21, 2026

    Presented new preclinical findings at the AACR 2026 conference.

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Recent news

Latest coverage and updates

  • attends_eventOct 22, 2026

    Rakuten Medical Inc. presents long-term follow-up results from ASP-1929 photoimmunotherapy combined with pembrolizumab for recurrent or metastatic head and neck squamous cell carcinoma at ESMO 2026 in Spain on Oct 23rd '26.

  • attends_eventOct 22, 2026

    Rakuten Medical Inc. presents long-term follow-up results from the ASP-1929-181 study at the European Society for Medical Oncology (ESMO) Congress 2026 in Spain on Oct 23rd '26.

  • is_developingOct 22, 2026

    Rakuten Medical Inc. is developing Alluminox platform-based photoimmunotherapy, which combines drug administration with targeted illumination using medical devices.

  • promotesSep 25, 2026

    Rakuten Medical Inc. promotes Hassan Danesi to chief medical officer; he previously serves as vice president, clinical development at Coherus Biosciences.

  • hiresSep 9, 2026

    On Sep 9th '26, Rakuten Medical Inc. appoints Christophe Weber as vice chairman, and he is expected to support the company's broader growth strategy as it expands in the United States.

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Rakuten Medical Filings

Explore SEC and related filing metadata, where available.

Rakuten Medical filings preview — column headings only; records require access
TypeDateAmount OfferedAmount SoldFilingPagesDownload

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Frequently Asked Questions

Common questions about Rakuten Medical's valuation, stock price, and market status.

Is Rakuten Medical a public or private company?

Rakuten Medical is a private company.

What is the current stock price of Rakuten Medical?

Rakuten Medical is a private company, so its shares have no public market price. Caplight tracks Rakuten Medical's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.

How much is Rakuten Medical worth (valuation)?

Rakuten Medical's valuation is estimated at $1.2B based on funding round data.

Can I buy Rakuten Medical stock?

Rakuten Medical shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.

When was Rakuten Medical's last funding round?

Rakuten Medical's most recent funding round was Series F on January 7, 2026.

Who are the main investors in Rakuten Medical?

Key investors in Rakuten Medical include General Catalyst, Hikma Ventures.

Will Rakuten Medical IPO soon?

No public IPO plans have been announced for Rakuten Medical.

How can I track Rakuten Medical secondary market activity?

Caplight tracks bids, offers, and trades in Rakuten Medical's shares on secondary markets.

Firmographic Details

HeadquartersSan Diego, California
Employee Range77
Year Founded2010
Last FundingJan 7, 2026

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