Venture Capital
Pappas Capital
Pappas Capital backs early-stage and high-growth companies, typically pre-profit, from United States. It states a focus on healthcare & life sciences.
Stated investment criteria
What Pappas Capital says it buys
Read from Pappas Capital’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.
| People listed on its team page | 211 |
Source
A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. The team figure counts the people the firm shows on one team page, so it is a floor rather than a headcount: firms that split their team across tabs or load it in pages will read low. Nothing here is a commitment by Pappas Capital to consider any particular business, and nothing on this page is represented as being for sale.
Regulatory record
How Pappas Capital is registered
From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.
| Adviser status | Exempt reporting adviser |
| Regulatory assets under management | Not reported by an ERA |
| Private funds advised | 8 · $165m gross |
| SEC adviser number | CRD 163346 |
An exempt reporting adviser is not required to report regulatory assets under management, so the blank above means the question was not asked rather than that the answer is unknown. Where a figure exists it is the gross asset value of the private funds the firm advises, which is a different and usually larger measure.
Portfolio
Disclosed holdings
Companies Pappas Capital lists on its own website. No investment years are published.
| Company | Invested | Years held | Recorded transaction |
|---|---|---|---|
| 2026 -- Minoryx Therapeutics and Neuraxpharm Group | — | — | — |
| 4DMT | — | — | — |
| 4d Molecular Therapeutics | — | — | — |
| Achillion | — | — | — |
| Achillion Pharmaceuticals | — | — | — |
| Aclara Biosciences | — | — | — |
| Aer Therapeutics | — | — | — |
| Afferent | — | — | — |
| Afferent Pharmaceuticals | — | — | — |
| Aktis Oncology | — | — | — |
| Allievex | — | — | — |
| Amplyx | — | — | — |
| Amplyx Pharmaceuticals | — | — | — |
| Anthera | — | — | — |
| Anthera Pharmaceuticals | — | — | — |
| Arena | — | — | — |
| Arena Pharmaceuticals | — | — | — |
| ArgoMed | — | — | — |
| Athersys | — | — | — |
| Balance Therapeutics | — | — | — |
| BaroSense | — | — | — |
| Bayhill Therapeutics | — | — | — |
| Bioatla | — | — | — |
| Biosyntech | — | — | — |
| Braincells | — | — | — |
| Calyx Therapeutics | — | — | — |
| Cardiodx | — | — | — |
| Cenerx Biopharma | — | — | — |
| Cequent Pharmaceuticals | — | — | — |
| Cerexa | — | — | — |
| Chimerix | — | — | — |
| Cognetix | — | — | — |
| Colucid Pharmaceuticals | — | — | — |
| Curasen Therapeutics | — | — | — |
| Curzion Pharmaceuticals | — | — | — |
| Cyclerion Therapeutics | — | — | — |
| Dynogen Pharmaceuticals | — | — | — |
| Ebm Solutions | — | — | — |
| Elitra Phramaceuticals | — | — | — |
| Emerald Bioagriculture | — | — | — |
| Enlaza Therapeutics | — | — | — |
| Envisia Therapeutics | — | — | — |
| Flowcardia | — | — | — |
| Gentis | — | — | — |
| Germany | — | — | — |
| Illuminoss Medical | — | — | — |
| Istari Oncology | — | — | — |
| July 24 | — | — | — |
| Kezar Life Sciences | — | — | — |
| Lead Therapeutics | — | — | — |
| Liposcience | — | — | — |
| Liquidia Technologies | — | — | — |
| Lumena Pharmaceuticals | — | — | — |
| Marina Biotech | — | — | — |
| Methylgene | — | — | — |
| Milestone Pharmaceuticals | — | — | — |
| Mirum Pharmaceuticals | — | — | — |
| NVCA | — | — | — |
| Nereus | — | — | — |
| Nuvasive | — | — | — |
| Optherion | — | — | — |
| Orphomed | — | — | — |
| Panacos Pharmaceuticals | — | — | — |
| Peninsula Pharmaceuticals | — | — | — |
| Plexigen | — | — | — |
| Plexxikon | — | — | — |
| Reneo Pharmaceuticals Inc | — | — | — |
| Reprogenesis | — | — | — |
| Ribometrix | — | — | — |
| Rotation Medical | — | — | — |
| Selventa | — | — | — |
| Sensys Medical | — | — | — |
| Signase | — | — | — |
| Solu Therapeutics | — | — | — |
| Spain and DÜSSELDORF | — | — | — |
| Spherics | — | — | — |
| Syndax Pharmaceuticals | — | — | — |
| Syntonix Pharmaceuticals | — | — | — |
| Targegen | — | — | — |
| Tesaro | — | — | — |
| Thrasos Therapeutics | — | — | — |
| Tune Therapeutics | — | — | — |
| Tyrx | — | — | — |
| Ultragenyx Pharmaceutical | — | — | — |
| Variagenics | — | — | — |
| Velosbio | — | — | — |
| Veralox Therapeutics | — | — | — |
| Webtoffee | — | — | — |
| X Ceptor Therapeutics | — | — | — |
| bio | — | — | — |
| nc-biotech | — | — | — |
Compiled from Pappas Capital’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.
Valuation context
Transaction values in Healthcare & Life Sciences
What companies have actually sold for in healthcare & life sciences, across 1,263 recorded transactions.
The full healthcare & life sciences picture - most active acquirers, recent transactions and every investor in the sector.
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Comparable investors
Similar mandates
Other venture capital investors active in healthcare & life sciences.