Adjuvant Capital
500 5th Avenue, Suite 4000, New York, NY, 10110, United States
Overview
Life sciences investment firm targeting global health solutions.
Founded
2012
Deals · 12mo
1
Stage focus
Geographic focus
Sector focus
Investment portfolio
| NAME | DATE | SIZE | |
|---|---|---|---|
VitriVax | Oct 2025Led | $17 MSeries B | |
Curevo | Mar 2025Participated | $110 MSeries B | |
Memo Therapeutics | May 2024Participated | $22 MSeries C | |
Orange Dental | Jan 2024Participated | $130 MSeries B | |
Memo Therapeutics | Nov 2023Participated | $28 MSeries C | |
Minervax | Oct 2023Participated | $57 MOther Equity | |
LimmaTech Biologics | Oct 2023Led | $36 MSeries A | |
Antiva Biosciences | Apr 2023Participated | $53 MSeries E | |
Codagenix | Feb 2023Participated | $25 MSeries B | |
InDevR | Jan 2023Led | $9 MSeries B | |
Minervax | Dec 2022Participated | $77 MDebt | |
Pulmocide | Dec 2022Participated | $52 MSeries C | |
VitriVax | Oct 2025Led | $17 MSeries B | |
Curevo | Mar 2025Participated | $110 MSeries B | |
Memo Therapeutics | May 2024Participated | $22 MSeries C | |
Orange Dental | Jan 2024Participated | $130 MSeries B | |
Memo Therapeutics | Nov 2023Participated | $28 MSeries C | |
Minervax | Oct 2023Participated | $57 MOther Equity | |
LimmaTech Biologics | Oct 2023Led | $36 MSeries A | |
Antiva Biosciences | Apr 2023Participated | $53 MSeries E | |
Codagenix | Feb 2023Participated | $25 MSeries B | |
InDevR | Jan 2023Led | $9 MSeries B | |
Minervax | Dec 2022Participated | $77 MDebt | |
Pulmocide | Dec 2022Participated | $52 MSeries C |
Insights
Time horizon
View by
Deal Distribution
| Round type | Led deals | Participated deals |
|---|---|---|
| Series A | 3 | 4 |
| Series B | 4 | 7 |
| Series C+ | 2 | 6 |
| Other Equity | 0 | 2 |
| Debt | 0 | 1 |
Monthly Deal Activity
| Month | Deals |
|---|---|
| Jul '19 | 1 |
| Aug '19 | 0 |
| Sep '19 | 2 |
| Oct '19 | 0 |
| Nov '19 | 1 |
| Dec '19 | 0 |
| Jan '20 | 1 |
| Feb '20 | 0 |
| Mar '20 | 0 |
| Apr '20 | 1 |
| May '20 | 1 |
| Jun '20 | 0 |
| Jul '20 | 0 |
| Aug '20 | 0 |
| Sep '20 | 0 |
| Oct '20 | 0 |
| Nov '20 | 0 |
| Dec '20 | 1 |
| Jan '21 | 0 |
| Feb '21 | 2 |
| Mar '21 | 1 |
| Apr '21 | 0 |
| May '21 | 1 |
| Jun '21 | 0 |
| Jul '21 | 0 |
| Aug '21 | 0 |
| Sep '21 | 1 |
| Oct '21 | 0 |
| Nov '21 | 1 |
| Dec '21 | 0 |
| Jan '22 | 0 |
| Feb '22 | 2 |
| Mar '22 | 0 |
| Apr '22 | 0 |
| May '22 | 0 |
| Jun '22 | 0 |
| Jul '22 | 0 |
| Aug '22 | 0 |
| Sep '22 | 0 |
| Oct '22 | 0 |
| Nov '22 | 1 |
| Dec '22 | 2 |
| Jan '23 | 1 |
| Feb '23 | 1 |
| Mar '23 | 0 |
| Apr '23 | 1 |
| May '23 | 0 |
| Jun '23 | 0 |
| Jul '23 | 0 |
| Aug '23 | 0 |
| Sep '23 | 0 |
| Oct '23 | 2 |
| Nov '23 | 1 |
| Dec '23 | 0 |
| Jan '24 | 1 |
| Feb '24 | 0 |
| Mar '24 | 0 |
| Apr '24 | 0 |
| May '24 | 1 |
| Jun '24 | 0 |
| Jul '24 | 0 |
| Aug '24 | 0 |
| Sep '24 | 0 |
| Oct '24 | 0 |
| Nov '24 | 0 |
| Dec '24 | 0 |
| Jan '25 | 0 |
| Feb '25 | 0 |
| Mar '25 | 1 |
| Apr '25 | 0 |
| May '25 | 0 |
| Jun '25 | 0 |
| Jul '25 | 0 |
| Aug '25 | 0 |
| Sep '25 | 0 |
| Oct '25 | 1 |
| Nov '25 | 0 |
| Dec '25 | 0 |
| Jan '26 | 0 |
| Feb '26 | 0 |
| Mar '26 | 0 |
| Apr '26 | 0 |
| May '26 | 0 |
| Jun '26 | 0 |
| Jul '26 | 0 |
| Aug '26 | 0 |
| Sep '26 | 0 |
| Oct '26 | 0 |
Sector Breakdown
A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.
| Sector | Deals |
|---|---|
| Health & Life Sciences | 28 |
| Networks, Cloud & Communication | 3 |
| Manufacturing | 3 |
| Professional Services | 1 |
| Consumer & Lifestyle | 1 |
Deal Size Distribution
Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.
| Round size band (USD) | Deals |
|---|---|
| <$5M | 0 |
| $5M-$10M | 3 |
| $10M-$25M | 6 |
| $25M-$50M | 8 |
| $50M-$100M | 9 |
| $100M-$250M | 3 |
| $250M-$500M | 0 |
| $500M-$1B | 0 |
| $1B+ | 0 |
Deals By Geography
Top 4 of 4 regions; European countries are grouped as Europe.
| Region | Deals |
|---|---|
| United States | 17 |
| Europe | 10 |
| Hong Kong | 1 |
| China | 1 |
Co-Investors
Bubble size = shared deals
Click a bubble to open that fund in a new tab.
Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.
| Co-investor | Shared deals |
|---|---|
| F-Prime Capital | 4 |
| OrbiMed | 4 |
| Pureos Bioventures | 4 |
| RA Capital Management | 4 |
| Sanofi Ventures | 4 |
| Wellington Partners | 4 |
| Fresenius Medical Care Ventures | 3 |
| GF Group | 3 |
| Green Cross Holdings | 3 |
| Industrifonden | 3 |
| Janus Henderson Investors | 3 |
| Johnson & Johnson Innovation | 3 |
| Novo Holdings | 3 |
| Sunstone Life Science Ventures | 3 |
| Swisscanto Invest | 3 |
| Verve Ventures | 3 |
| Vesalius Biocapital | 3 |
| 3W Capital | 2 |
| AIHC Capital | 2 |
| Alexandria Venture Investments | 2 |
Investment Strategy
| Category | Deals (count) | Share (%) |
|---|---|---|
| Led | 9 | 31% |
| Participating | 20 | 69% |
| Category | Deals (count) | Share (%) |
|---|---|---|
| Single-lead | 6 | 67% |
| Co-led | 3 | 33% |
Team
Principal and Co-Founder
Founder and Managing Partner
Managing Partner
Principal
Principal
Partner