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Piper Sandler Merchant Banking

800 Nicollet Mall, Minneapolis, MN, 55402, United States

Overview

Private equity firm investing in commercial stage businesses.

Founded

1895

Deals · 12mo

1

Links

WebsiteLinkedIn

Stage focus

Series B
Series C
Series D

Geographic focus

United States

Sector focus

—

Investment portfolio

21rounds
NAMEDATESIZE
CereVasc
Jun 2026Led
$85 MSeries C
Scientia Vascular
Sep 2024Led
$14 MOther Equity
Integrity Orthopaedics
Apr 2024Led
$21 MSeries B
Graylog
Oct 2023Led
$39 MOther Equity
Apkudo
Feb 2023Led
$38 MSeries C
Moxe
Jun 2022Led
$30 MOther Equity
Moxe Health
Jun 2022Led
$30 MSeries B
Infinicept
May 2022Led
$23 MOther Equity
Elligo Health Research
Sep 2021Participated
$135 MSeries E
Graylog
Jun 2021Participated
$18 MOther Equity
Akoya Biosciences
Dec 2019Led
$50 MOther Equity
Elligo Health Research
May 2019Led
$20 MSeries C
CereVasc
Jun 2026Led
$85 MSeries C
Scientia Vascular
Sep 2024Led
$14 MOther Equity
Integrity Orthopaedics
Apr 2024Led
$21 MSeries B
Graylog
Oct 2023Led
$39 MOther Equity
Apkudo
Feb 2023Led
$38 MSeries C
Moxe
Jun 2022Led
$30 MOther Equity
Moxe Health
Jun 2022Led
$30 MSeries B
Infinicept
May 2022Led
$23 MOther Equity
Elligo Health Research
Sep 2021Participated
$135 MSeries E
Graylog
Jun 2021Participated
$18 MOther Equity
Akoya Biosciences
Dec 2019Led
$50 MOther Equity
Elligo Health Research
May 2019Led
$20 MSeries C
21
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Deal Distribution

Piper Sandler Merchant Banking: 21 funding rounds are recorded in the selected participation categories.All available history.
Piper Sandler Merchant Banking: 21 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series B40
Series C+73
Other Equity52

Monthly Deal Activity

Piper Sandler Merchant Banking: 21 deals are recorded across 188 months.All available history.
Piper Sandler Merchant Banking: 21 deals are recorded across 188 months. All available history
MonthDeals
Mar '111
Apr '110
May '110
Jun '110
Jul '110
Aug '110
Sep '110
Oct '110
Nov '110
Dec '110
Jan '120
Feb '120
Mar '120
Apr '120
May '120
Jun '120
Jul '120
Aug '120
Sep '121
Oct '120
Nov '120
Dec '120
Jan '130
Feb '130
Mar '130
Apr '130
May '130
Jun '131
Jul '130
Aug '130
Sep '130
Oct '130
Nov '130
Dec '130
Jan '140
Feb '140
Mar '140
Apr '140
May '140
Jun '141
Jul '140
Aug '140
Sep '140
Oct '140
Nov '140
Dec '140
Jan '150
Feb '150
Mar '150
Apr '150
May '150
Jun '151
Jul '150
Aug '150
Sep '150
Oct '151
Nov '150
Dec '150
Jan '160
Feb '160
Mar '160
Apr '160
May '161
Jun '160
Jul '160
Aug '160
Sep '160
Oct '160
Nov '160
Dec '160
Jan '170
Feb '171
Mar '170
Apr '170
May '170
Jun '170
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '181
Sep '180
Oct '180
Nov '180
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 '191
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '211
Jul '210
Aug '210
Sep '211
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '221
Jun '222
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '220
Jan '230
Feb '231
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '231
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '241
May '240
Jun '240
Jul '240
Aug '240
Sep '241
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
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 '261
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Piper Sandler Merchant Banking: Health & Life Sciences is the largest displayed sector by deal count (12 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.

Piper Sandler Merchant Banking: Health & Life Sciences is the largest displayed sector by deal count (12 deals). All available history
SectorDeals
Health & Life Sciences12
Enterprise Software4
Networks, Cloud & Communication4
Data, Analytics & IT3
Marketing & Advertising3
Cybersecurity & Privacy2
E-Commerce & Retail2
Consumer & Lifestyle2
Hardware & Robotics2
Manufacturing2
Professional Services2
Developer Tools2
Travel & Hospitality1
Space & Frontier Tech1
Transportation & Logistics1
Fintech1
AI & Machine Learning1
Food & Agriculture1

Deal Size Distribution

Piper Sandler Merchant Banking: 21 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.

Piper Sandler Merchant Banking: 21 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M0
$5M-$10M0
$10M-$25M10
$25M-$50M8
$50M-$100M2
$100M-$250M1
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Piper Sandler Merchant Banking: United States has the largest recorded deal count among the displayed regions (20 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

Piper Sandler Merchant Banking: United States has the largest recorded deal count among the displayed regions (20 deals). All available history
RegionDeals
United States20
782161
Piper Sandler Merchant Banking: 20 co-investors are shown, with Harbert Growth Partners sharing 3 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.

Piper Sandler Merchant Banking: 20 co-investors are shown, with Harbert Growth Partners sharing 3 recorded deals. All available history
Co-investorShared deals
Harbert Growth Partners3
3M Ventures2
Apollo2
Greycroft2
Hatteras Venture Partners2
MissionOG2
Noro-Moseley Partners2
Safeguard Scientifics2
UPMC Enterprises2
Vensana Capital2
Accuitive Medical Ventures1
Agilent Technologies1
Ally Bridge Group1
Bain Capital Life Sciences1
Blue Cloud Ventures1
Cardinal Partners1
Causeway Media Partners1
Cerner1
Closed Loop Partners1
Corazon Capital1

Investment Strategy

Piper Sandler Merchant Banking: Led accounts for 76% and participating for 24% of round participation.All available history.
Piper Sandler Merchant Banking: Led accounts for 76% and participating for 24% of round participation. All available history
CategoryDeals (count)Share (%)
Led1676%
Participating524%
Piper Sandler Merchant Banking: Single-lead accounts for 56% and co-led for 44% of lead dynamics.All available history.
Piper Sandler Merchant Banking: Single-lead accounts for 56% and co-led for 44% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead956%
Co-led744%

Team

Chad Abraham

Chairman and Chief Executive Officer

Thomas Schnettler

Managing Director