Retinal Degeneration Fund

Retinal Degeneration Fund

Raleigh, North Carolinaretinaldegenerationfund.org

Overview

The Retinal Degeneration Fund (RD Fund) is the venture philanthropy arm of the Foundation Fighting Blindness, making mission-related investments in companies developing treatments and cures for inherited retinal diseases and dry age-related macular degeneration.

Year Founded

2018

AUM

$122M

Portfolio Companies

11

Investments

CompanyDateStageLead
Beacon TherapeuticsJan 2026Series CCo-investor
Perceive PharmaFeb 2025Series ACo-investor
Perceive BioJan 2023Series B-
SparingVisionSep 2022Series BCo-investor
Nacuity Pharmaceuticals, Inc.Jun 2022Series B-

Key People

Maureen Okereke

Chief Executive Officer

Rusty Kelley

Managing Director, Senior Vice President, Investments And Alliances

Sector & Stage Mix

Industry, funding stage, and valuation band breakdowns.

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SeedSeries ASeries BGrowth

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Investment Activity

Yearly cadence, pace, and funding raised over time.

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2021
2022
2023
2024
2025
2026

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FAQ

Firmographic Details

HeadquartersRaleigh, North Carolina
Year Founded2018
AUM$122M

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