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Pappas Capital

2520 Meridian Parkway Suite 400, Durham, NC, 27713, United States

Overview

Investment firm focused on life sciences and biotechnology ventures.

Founded

1994

Deals ยท 12mo

1

Links

WebsiteLinkedInX (Twitter)

Stage focus

Series A

Geographic focus

Canada
Singapore
United States

Sector focus

Biotechnology
Delivery
Medical Device
Pharmaceutical

Investment portfolio

26rounds
NAMEDATESIZE
Breye Therapeutics
Sep 2026Participated
$77 MSeries A
VFlow Tech
May 2025Participated
$21 MOther Equity
Solu Therapeutics
Apr 2025Participated
$41 MSeries A
EarthOptics
Nov 2024Participated
$24 MOther Equity
Enlaza Therapeutics
Apr 2024Participated
$100 MSeries A
Veralox Therapeutics
Jun 2023Participated
$24 MOther Equity
Horizon Quantum Computing
Apr 2023Participated
$18 MSeries A
VFlow Tech
Feb 2023Participated
$10 MSeries A
Aktis Oncology
Aug 2022Led
$84 MSeries A
NuProbe
Jun 2022Participated
$50 MOther Equity
Plexium
Feb 2022Participated
$102 MOther Equity
AvengeBio
Jan 2022Participated
$45 MSeries A
Breye Therapeutics
Sep 2026Participated
$77 MSeries A
VFlow Tech
May 2025Participated
$21 MOther Equity
Solu Therapeutics
Apr 2025Participated
$41 MSeries A
EarthOptics
Nov 2024Participated
$24 MOther Equity
Enlaza Therapeutics
Apr 2024Participated
$100 MSeries A
Veralox Therapeutics
Jun 2023Participated
$24 MOther Equity
Horizon Quantum Computing
Apr 2023Participated
$18 MSeries A
VFlow Tech
Feb 2023Participated
$10 MSeries A
Aktis Oncology
Aug 2022Led
$84 MSeries A
NuProbe
Jun 2022Participated
$50 MOther Equity
Plexium
Feb 2022Participated
$102 MOther Equity
AvengeBio
Jan 2022Participated
$45 MSeries A
26
Items
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Insights

Time horizon

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Deal Distribution

Pappas Capital: 26 funding rounds are recorded in the selected participation categories.All available history.
Pappas Capital: 26 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A112
Series B03
Series C+04
Other Equity06

Monthly Deal Activity

Pappas Capital: 26 deals are recorded across 134 months.All available history.
Pappas Capital: 26 deals are recorded across 134 months. All available history
MonthDeals
Sep '151
Oct '150
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '160
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '170
Mar '171
Apr '170
May '171
Jun '170
Jul '170
Aug '172
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '182
Nov '182
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '191
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '201
Jun '200
Jul '202
Aug '200
Sep '200
Oct '200
Nov '200
Dec '201
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '221
Feb '221
Mar '220
Apr '220
May '220
Jun '221
Jul '220
Aug '221
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '231
Mar '230
Apr '231
May '230
Jun '231
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '241
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '241
Dec '240
Jan '250
Feb '250
Mar '250
Apr '251
May '251
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

Pappas Capital: Health & Life Sciences is the largest displayed sector by deal count (22 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Pappas Capital: Health & Life Sciences is the largest displayed sector by deal count (22 deals). All available history
SectorDeals
Health & Life Sciences22
Hardware & Robotics3
Food & Agriculture2
Clean Energy & Sustainability2
Space & Frontier Tech2
Networks, Cloud & Communication1

Deal Size Distribution

Pappas Capital: 26 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Pappas Capital: 26 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M7
$25M-$50M4
$50M-$100M11
$100M-$250M4
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Pappas Capital: United States has the largest recorded deal count among the displayed regions (20 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

Pappas Capital: United States has the largest recorded deal count among the displayed regions (20 deals). All available history
RegionDeals
United States20
Singapore3
Canada2
Europe1
Pappas Capital: 20 co-investors are shown, with New Enterprise Associates sharing 6 recorded deals.All available history.

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.

Pappas Capital: 20 co-investors are shown, with New Enterprise Associates sharing 6 recorded deals. All available history
Co-investorShared deals
New Enterprise Associates6
RiverVest Venture Partners5
Alexandria Venture Investments4
Lundbeckfond Ventures4
Novo Holdings4
Arix Bioscience3
Hatteras Venture Partners3
Rock Springs Capital3
Sofinnova Ventures3
Tekla Capital Management3
Adage Capital Management2
Amgen Ventures2
BDC Capital2
BioMed Ventures2
Boxer Capital2
Cormorant Asset Management2
DCVC Bio2
Domain Associates2
Farallon Capital Management2
Fonds de solidarit FTQ2

Investment Strategy

Pappas Capital: Led accounts for 4% and participating for 96% of round participation.All available history.
Pappas Capital: Led accounts for 4% and participating for 96% of round participation. All available history
CategoryDeals (count)Share (%)
Led14%
Participating2596%
Pappas Capital: Single-lead accounts for 0% and co-led for 100% of lead dynamics.All available history.
Pappas Capital: Single-lead accounts for 0% and co-led for 100% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead00%
Co-led1100%

Team

Art Pappas

CEO

Cookie Yu

Associate

Ford Worthy

Partner & Senior Advisor

Karen LeVert

Venture Partner

Lisa Dreyer

Senior Associate, Operations

Mankit Law

Principal

Matthew Boyer

Chief Financial Officer