United States · Investor

MPM Capital

Last cheque observed Dec 2025; 139 cheques on record.

Deploying nowNew fund $407K, Jun 2026Private equityNow at mpmbioimpact.com

Pre-seedSeedSeries AMoleculesIvdMedical Devices

Deploying now
100%of best year1cheques in 12 months, 139 on record
Since the last cheque329days00hrs00min00sec
Median round$60MRounds led2 of 139Sole investor8 roundsExits23 from the portfolioMostly inUnited States, 97%
Pitch MPM Capital

MPM Capital highlights

  1. 01

    1 cheques in the last 12 months

  2. 02

    Mostly Series B and Series A: 51% of its rounds

  3. 03

    Sole investor in 8 rounds, median $10M

  4. 04

    23 exits from the portfolio

What they do

Filed 1 private fund offering with the SEC, the most recent in 2020-02From their own website
Type
Private equity (from a list, unverified)
Cheque size
Up to $150M as they say
Stages
Pre-seedSeedSeries ASeries BGrowth
Sectors
MoleculesIvdMedical Devices
Based in
Boston, United States
Cold pitches
Not stated

The record

Every round we can evidence, newest first139 appearances

  1. 2025

    1 round

  2. Dec
    Protego BiopharmaSeries B · US · Firms' own news pages$130MWith 9 others
  3. 2023

    1 round

  4. Oct
    AstronauTxSeries A · GB · UCL Technology Fund$61MWith 7 others
  5. 2019

    4 rounds

  6. Dec
    Tripley TherapeuticsSeries A · US · FinSMEs$59MWith 1 other
  7. Nov
    Wereworld TherapeuticsSeries A · US · FinSMEs$56MLed
  8. Sept
    AmphivenaSeries C · US · FinSMEs$62MWith 10 others
  9. Jun
    Frontier MedicinesSeries A · US · FinSMEs$67MLed
  10. 2018

    2 rounds

  11. Sept
    Coda TherapeuticsSeries A · US · FinSMEs$19MWith 2 others
  12. Sept
    27-8 TherapeuticsSeries A · US · FinSMEs$65MWith 4 others
  13. 2017

    2 rounds

  14. Oct
    Cullinan OncologySeries A · US · FinSMEs$150MWith 1 other
  15. May
    Harpoon TherapeuticsSeries B · FinSMEs$45MWith 3 others
  16. 2016

    2 rounds

  17. Aug
    Iconic TherapeuticsSeries C · US · FinSMEs$10MWith 2 others
  18. Jul
    OncorusSeries A · US · Xconomy$57MSole investor
  19. 2015

    6 rounds

  20. Dec
    True North TherapeuticsSeries C · US$40MWith 5 others
  21. Aug
    Syndax PharmaceuticalsSeries C · US$80MWith 12 others
  22. Aug
    Rhythm PharmaceuticalsSeries A · US$40MWith 7 others
  23. Apr
    True North TherapeuticsSeries B · US$35MWith 4 others
  24. Mar
    Semma TherapeuticsSeries A · US$44MWith 3 others
  25. Mar
    Clinical InkVenture · US$20MWith 2 others
  26. 2014

    4 rounds

  27. Oct
    Raze TherapeuticsSeries A · US$24MWith 6 others
  28. Jul
    CerecorSeries B · US$32MWith 2 others
  29. May
    Proteon TherapeuticsSeries D · US$45MWith 9 others
  30. Apr
    Iconic TherapeuticsSeries B · US$20MWith 2 others
  31. 2013

    8 rounds

  32. Nov
    TriVascularSeries E · US · sec.gov$40MWith 8 others
  33. Oct
    Sideris PharmaceuticalsSeries A · US · boston.com$32MWith 2 others
  34. Sept
    iPierianSeries A · US · finsmes.com$30MWith 2 others
  35. Aug
    Syndax PharmaceuticalsSeries B · US · finsmes.com$27MWith 3 others
  36. Jul
    InformedDNASeed · US · online.wsj.com$3.0MSole investor
  37. Apr
    Radius HealthGrowth · US · finance.yahoo.com$43MWith 5 others
  38. Mar
    Theraclone SciencesSeries B · US · finsmes.com$8.0MWith 7 others
  39. Mar
    NevroSeries C · US · finsmes.com$48MWith 8 others
  40. 2012

    11 rounds

  41. Dec
    23andMeSeries D · US · sec.gov$58MWith 5 others
  42. Nov
    Rhythm PharmaceuticalsSeries B · US · pehub.com$8.0MWith 4 others
  43. Sept
    Selexys Pharmaceuticals CorporationSeries A · US · finance.yahoo.com$23MSole investor
  44. Sept
    Vascular PharmaceuticalsSeries A · US · finsmes.com$16MWith 1 other
  45. Jun
    Rhythm PharmaceuticalsSeries B · US · rhythmtx.com$25MWith 3 others
  46. Jun
    Astute MedicalSeries C · US · finsmes.com$40MWith 5 others
  47. Jun
    TriVascularSeries D · US · news.yahoo.com$60MWith 6 others
  48. May
    NeoVistaVenture · US$6.0MWith 4 others
  49. May
    CelladonVenture · US · finsmes.com$10MSole investor
  50. Feb
    Radius HealthSeries C · US · onbiovc.com$21MWith 6 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

Named by the firm itself, on a filing, its Form ADV or its company registration10 named

AKAlan KellyDirectoriFiling they signed
AKAnsbert Karl GadickeDr. Gadicke is the ManageriFiling they signed
BMBrendan Michael FureyChief Compliance OfficeriForm ADV
CGChristiana Goh BardonDr. Bardon is the Managing Member of the General Partner of the Issuer and the Co-Managing Partner of MPM BioImpact LLC, the Investment ManageriFiling they signed
CWChristopher WolfMr. Wolf is the Chief Financial Officer and Authorized SignatoryiFiling they signed
KLKristen Lee LaguerreMs. Laguerre is the Partner, Finance and Operations and Authorized SignatoryiFiling they signed
LBLuke Basil EvninDr. Evnin is the ManageriFiling they signed
NRNicole RamroopDirectoriFiling they signed
RSRobert Samuel RisoleoGeneral CounseliForm ADV
TTTodd Thomas FoleyManaging DirectoriForm ADV

We also hold 33 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

What the register says

From the firm's own filings with the SEC, which it must file accurately by law

$3.6Bassets it managesOct 2026
Registeredinvestment adviserfull reporting to the SEC
Legal name
MPM Asset Management LLC
SEC number
CRD 148467

Funds on its Form ADV

21 private funds, $3.3B in gross assets · filed Jun 2024

Venture 17Hedge fund and venture capit 2Hedge 2

  1. Oncology Impact Fund 2, L.P.Hedge fund and venture capit32 investors$826M
  2. UBS Oncology Impact Fund L.P.Hedge fund and venture capit660 investors$721M
  3. MPM Bioventures 2018, L.P.Venture43 investors$653M
  4. MPM Bioventures 2022, L.P.Venture40 investors$345M
  5. MPM Oncology Innovations Fund L.P.Venture36 investors$170M
  6. Bioimpact Equities Fund, L.P.Hedge40 investors$154M
  7. MPM Bioventures 2014, L.P.Venture61 investors$148M
  8. Bioimpact Equities Master Fund, L.P.Hedge11 investors$99M
  9. MPM Bioventures IV-QP, L.P.Venture68 investors$52M
  10. MPM Bioventures 2018 (B), L.P.Venture8 investors$34M

And 11 more on the filing.

What they claim to have backed

From their own portfolio page (on their website)

6 of 11 we have independently watched raise

AstronauTxCullinan OncologyFrontier MedicinesReunion NeuroscienceUmoja-biopharmaelevatebioAktisAshiBioFablePhotysProtego

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

Exits from the portfolio

Companies it backed that were later bought or listed23 in all

iPierianBought by Bristol-Myers Squibb$175MApr 2014
CeregeneBought by Sangamo BioSciencesUndisclosedAug 2013
VerastemListed$52MJul 2013
Conatus PharmaceuticalsListed$69MJun 2013
Aratana TherapeuticsListed$51MMay 2013
EpizymeListed$60MMay 2013
Portola PharmaceuticalsListed$100MMay 2013
KaloBios PharmaceuticalsListedUndisclosedJan 2013
XoftBought by iCAD$73MDec 2010
Alnara PharmaceuticalsBought by Eli LillyUndisclosedJul 2010
CGI PharmaceuticalsBought by Gilead Sciences$120MJun 2010
AVEO PharmaceuticalsListedUndisclosedMar 2010
CHF SolutionsBought by GambroUndisclosedJan 2010
Neuromed PharmaceuticalsBought by ZalicusUndisclosedDec 2009
Archus OrthopedicsBought by Facet SolutionsUndisclosedNov 2009
Innovative Spinal TechnologiesBought by Theken Spine$9.3MSept 2009
Amphora DiscoveryBought by NanosynUndisclosedJul 2008
TercicaBought by Ipsen$480MJun 2008
CryoCorBought by Boston ScientificUndisclosedMay 2008
Critical Therapeutics,Inc.Bought by Cornerstone TherapeuticsUndisclosedMay 2008

The latest 20 here. An exit counts when it came after the firm's first round in the company. From historical deal records.

Companies it bought

Acquisitions by the firm itself

Kourion TherapeuticsUndisclosedJun 2001

Who they invest alongside

The investors most often in the same rounds as MPM Capital. A count of rooms they were both in, not a relationship either has claimed.

Recently backed

The latest companies MPM Capital put money into.

Quick answers about MPM Capital

What does MPM Capital invest in?

MPM Capital invests most often at Series B and Series A (51% of the rounds on record), in sectors such as Molecules, Ivd and Medical Devices.

How active is MPM Capital?

139 investments on record, 1 of them in the last 12 months, and it led 2. The most recent was in Dec 2025.

What has MPM Capital invested in recently?

Its most recent investments on record: Protego Biopharma (Series B, Dec 2025), AstronauTx (Series A, Oct 2023) and Tripley Therapeutics (Series A, Dec 2019).

How big are MPM Capital's cheques?

The median round it joins is $60M.

Does MPM Capital lead rounds?

Sometimes: it led 2 of its 139 investments on record (1%).

Where does MPM Capital invest?

Most of the companies it backs are in the United States (97%).

Is MPM Capital investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

Who does MPM Capital invest alongside?

Most often New Enterprise Associates (16 rounds together), ARCH Venture Partners (13 rounds together) and HealthCare Ventures (13 rounds together).

Raising now?

Find the investors who back rounds like yours, and keep every conversation on one fundraising board.

Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it