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Venture Capital

SR One Capital Management

SR One Capital Management backs early-stage and high-growth companies, typically pre-profit, from United States. It states a focus on energy & utilities, healthcare & life sciences, media & communications and software & internet.

Capital raised$719macross 6 SEC-filed vehicles
Most recent fund2024filing since 2020
HeadquartersUnited States
Largest single fund$399m

Stated investment criteria

What SR One Capital Management says it buys

Read from SR One Capital Management’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 page81

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 SR One Capital Management to consider any particular business, and nothing on this page is represented as being for sale.

SEC filings

What SR One Capital Management has raised

From this firm's own Form D filings. A fund files one within fifteen days of its first sale, under penalty of perjury, which makes these the hardest numbers on the page.

Vehicles filed6
Total capital raised$719m
Largest single vehicle$399m
Filing history2020 to 2024
Smallest accepted commitmentNone stated
Filed fromPENNSYLVANIA

Form D covers US-domiciled vehicles raised from accredited investors. It will not capture a fund raised outside the United States, separately managed accounts, or capital deployed off balance sheet, so treat these as a floor rather than a total.

Regulatory record

How SR One Capital Management is registered

From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.

Adviser statusSEC registered
Regulatory assets under management$2.4bn
Employees28
Private funds advised19 · $2.4bn gross
SEC adviser numberCRD 306361

Portfolio

Disclosed holdings

Companies SR One Capital Management lists on its own website. No investment years are published.

CompanyInvestedYears heldRecorded transaction
ADARx Pharmaceuticals
ARS Pharma
Addition Therapeutics
Airnexis Therapeutics Inc
Akamis Bio
Alumis
Ancora Biotech
Antag Therapeutics ApS
Arcellx
Asceneuron
Avalyn Pharma
Avenzo Therapeutics
Bicycle Therapeutics
Biotheryx
Charm Therapeutics, Inc.
Codify Therapeutics
Corxel Pharmaceuticals Limited
Crispr Therapeutics
Crystalys Therapeutics, Inc.
Design Therapeutics
Draig Therapeutics, Ltd
Dren Bio
Econic Biosciences
Elektrofi, Inc.
Fore Biotherapeutics
HotSpot Therapeutics
Immutrin Limited
Kala Bio
Kartos Therapeutics
Mineralys Therapeutics
Mission Therapeutics
Nimbus
Nkarta Inc
Nomic
Odyssey Therapeutics
Oruka Therapeutics Inc
Palleon Pharmaceuticals
Poplar Therapeutics
Portfolio - SR
Pulmocide
Renalys
Rezo Therapeutics
River Renal
Simcha Therapeutics
Telios Pharma
Topo Therapeutics, Inc.
Tranquis Therapeutics
Veradermics, Inc.
Vibrant Biomedicines
Windward Bio
Xap Therapeutics
Zenas Biopharma

Compiled from SR One Capital Management’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 Energy & Utilities

What companies have actually sold for in energy & utilities, across 584 recorded transactions.

Median consideration$180m
Middle 50%$45m-$420m
Revenue multiple1.4×
EBITDA multiple7.1×

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