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The Venture Codex

Perceptive Advisors

51 Astor Place, 10th floor, New York, NY, 10003, United States

Overview

Hedge fund investing in biotechnology and life sciences sectors.

Founded

1999

Deals ยท 12mo

7

Links

WebsiteLinkedIn

Stage focus

Series B
Series C

Geographic focus

United States

Sector focus

Finance
Financial Services
Venture Capital

Investment portfolio

189rounds
NAMEDATESIZE
Superluminal Medicines
Sep 2026Participated
$60 MSeries B
Vaderis Therapeutics
Aug 2026Participated
$152 MSeries B
Mentari Therapeutics
May 2026Participated
$290 MOther Equity
Imperative Care
Mar 2026Led
$100 MOther Equity
MedinCell
Mar 2026Participated
$56 MOther Equity
Talkiatry
Feb 2026Led
$210 MSeries D
Alto Neuroscience
Oct 2025Led
$50 MOther Equity
Affinia Therapeutics
Oct 2025Participated
$40 MSeries C
Avalyn Pharma
Sep 2025Participated
$100 MSeries D
Caris Life Sciences
Apr 2025Participated
$168 MOther Equity
Kardigan
Jan 2025Led
$300 MSeries A
Beta Bionics
Nov 2024Participated
$60 MSeries E
Superluminal Medicines
Sep 2026Participated
$60 MSeries B
Vaderis Therapeutics
Aug 2026Participated
$152 MSeries B
Mentari Therapeutics
May 2026Participated
$290 MOther Equity
Imperative Care
Mar 2026Led
$100 MOther Equity
MedinCell
Mar 2026Participated
$56 MOther Equity
Talkiatry
Feb 2026Led
$210 MSeries D
Alto Neuroscience
Oct 2025Led
$50 MOther Equity
Affinia Therapeutics
Oct 2025Participated
$40 MSeries C
Avalyn Pharma
Sep 2025Participated
$100 MSeries D
Caris Life Sciences
Apr 2025Participated
$168 MOther Equity
Kardigan
Jan 2025Led
$300 MSeries A
Beta Bionics
Nov 2024Participated
$60 MSeries E
189
Items
...
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Insights

Time horizon

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Deal Distribution

Perceptive Advisors: 189 funding rounds are recorded in the selected participation categories.All available history.
Perceptive Advisors: 189 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed10
Series A1510
Series B1344
Series C+1351
Other Equity1321
Debt62

Monthly Deal Activity

Perceptive Advisors: 189 deals are recorded across 151 months.All available history.
Perceptive Advisors: 189 deals are recorded across 151 months. All available history
MonthDeals
Apr '141
May '140
Jun '140
Jul '141
Aug '141
Sep '141
Oct '142
Nov '141
Dec '140
Jan '150
Feb '150
Mar '150
Apr '150
May '151
Jun '152
Jul '152
Aug '150
Sep '150
Oct '150
Nov '151
Dec '152
Jan '161
Feb '160
Mar '161
Apr '160
May '160
Jun '162
Jul '160
Aug '161
Sep '160
Oct '162
Nov '160
Dec '161
Jan '170
Feb '170
Mar '171
Apr '170
May '172
Jun '170
Jul '170
Aug '170
Sep '172
Oct '170
Nov '171
Dec '170
Jan '182
Feb '182
Mar '182
Apr '182
May '181
Jun '180
Jul '181
Aug '184
Sep '182
Oct '181
Nov '180
Dec '181
Jan '192
Feb '190
Mar '191
Apr '195
May '192
Jun '192
Jul '195
Aug '192
Sep '191
Oct '191
Nov '191
Dec '194
Jan '203
Feb '201
Mar '200
Apr '202
May '202
Jun '206
Jul '207
Aug '204
Sep '205
Oct '202
Nov '203
Dec '201
Jan '216
Feb '212
Mar '215
Apr '212
May '214
Jun '212
Jul '211
Aug '213
Sep '212
Oct '213
Nov '211
Dec '212
Jan '220
Feb '223
Mar '221
Apr '222
May '220
Jun '221
Jul '221
Aug '220
Sep '221
Oct '220
Nov '221
Dec '222
Jan '230
Feb '230
Mar '231
Apr '230
May '231
Jun '230
Jul '231
Aug '231
Sep '231
Oct '230
Nov '230
Dec '230
Jan '240
Feb '243
Mar '242
Apr '243
May '244
Jun '242
Jul '241
Aug '240
Sep '241
Oct '242
Nov '241
Dec '240
Jan '251
Feb '250
Mar '250
Apr '251
May '250
Jun '250
Jul '250
Aug '250
Sep '251
Oct '252
Nov '250
Dec '250
Jan '260
Feb '261
Mar '262
Apr '260
May '261
Jun '260
Jul '260
Aug '261
Sep '261
Oct '260

Sector Breakdown

Perceptive Advisors: Health & Life Sciences is the largest displayed sector by deal count (187 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.

Perceptive Advisors: Health & Life Sciences is the largest displayed sector by deal count (187 deals). All available history
SectorDeals
Health & Life Sciences187
Space & Frontier Tech12
AI & Machine Learning7
Manufacturing6
Hardware & Robotics5
Consumer & Lifestyle3
Enterprise Software3
Data, Analytics & IT3
Networks, Cloud & Communication2
Developer Tools1
Marketing & Advertising1
Media & Entertainment1
Real Estate & Construction1

Deal Size Distribution

Perceptive Advisors: 189 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.

Perceptive Advisors: 189 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M1
$10M-$25M17
$25M-$50M33
$50M-$100M57
$100M-$250M68
$250M-$500M12
$500M-$1B1
$1B+0

Deals By Geography

Perceptive Advisors: United States has the largest recorded deal count among the displayed regions (163 deals).All available history.

Top 6 of 6 regions; European countries are grouped as Europe.

Perceptive Advisors: United States has the largest recorded deal count among the displayed regions (163 deals). All available history
RegionDeals
United States163
Europe18
Canada3
Israel2
India2
China1
Perceptive Advisors: 20 co-investors are shown, with RA Capital Management sharing 38 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.

Perceptive Advisors: 20 co-investors are shown, with RA Capital Management sharing 38 recorded deals. All available history
Co-investorShared deals
RA Capital Management38
Cormorant Asset Management22
RTW Investments22
OrbiMed21
T. Rowe Price Associates21
Redmile Group20
Casdin Capital19
Janus Henderson Investors19
Surveyor Capital19
Rock Springs Capital18
Viking Global Investors18
Google Ventures17
ArrowMark Partners16
BVF Partners16
Fidelity Management & Research Company16
Logos Capital15
Deerfield Management14
Wellington Management13
Andreessen Horowitz11
Bain Capital Life Sciences11

Investment Strategy

Perceptive Advisors: Led accounts for 32% and participating for 68% of round participation.All available history.
Perceptive Advisors: Led accounts for 32% and participating for 68% of round participation. All available history
CategoryDeals (count)Share (%)
Led6132%
Participating12868%
Perceptive Advisors: Single-lead accounts for 64% and co-led for 36% of lead dynamics.All available history.
Perceptive Advisors: Single-lead accounts for 64% and co-led for 36% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead3964%
Co-led2236%

Team

Adam Stone

Chief Investment Officer

Chris Garabedian

Portfolio Manager

Ellen Hukkelhoven

Managing Director

Joseph Edelman

CEO & Founder

Keyvan Mirsaeedi-Farahani

Vice President

Michael Altman
Orly Mishan

Managing Director, Perceptive Discovery

Sam Chawla

Manager

Takeru Furuya

Principal, Venture (PXV Funds)