Oruka Therapeutics Announces $180 Million Private Placement
Summary
Oruka Therapeutics announced a private placement expected to raise about $180 million through a PIPE financing. The round was led by Viking Global Investors and included both new and existing life sciences investors. Oruka plans to use the proceeds for research and development, general corporate expenses, and working capital. The company said the financing should extend its cash runway through key clinical data readouts expected in 2027.
Funding
Amount
$180.0M
Total raised
Date
September 17, 2025
Announcement date
Investors
Commodore Capital, Cormorant Asset Management, Deep Track Capital, Jefferies, Venrock, Guggenheim Partners, Woodline Partners, Viking Global Investors, Perceptive Advisors
Lead investors
Company
orukatx.com
Funded company
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