United States · Investor

Pappas Capital

Last cheque observed Oct 2026; 12 cheques on record.

Deploying nowVC firm

SeedSeries ASeries BMoleculesPharmaceuticalsMedicine

Deploying now
100%of best year2cheques in 12 months, 12 on record
Since the last cheque17days00hrs00min00sec
Median round$52MRounds led0 of 12Mostly inUnited States, 75%
Pitch Pappas Capital

Pappas Capital highlights

  1. 01

    2 cheques in the last 12 months

  2. 02

    Mostly Series A and Series B: 91% of its rounds

What they do

For 32 years Pappas Capital has been investing in and building innovative companies that are developing the next generation of life science products and technologies.From their own website
Type
VC firm (from a list, unverified)
Cheque size
Not stated
Stages
SeedSeries ASeries BGrowth
Sectors
MoleculesPharmaceuticalsMedicine
Based in
Durham, United States
Cold pitches
Not stated

The record

Every round we can evidence, newest first12 appearances

  1. 2026

    2 rounds

  2. Oct
    Altay Therapeutics, Inc.Series A · US · Sound Bioventures$37MWith 5 others
  3. Sept
    Breye TherapeuticsSeries A · DK · Sound Bioventures$77MWith 11 others
  4. 2019

    1 round

  5. May
    Reneo PharmaceuticalsSeries A · US · FinSMEs$50MWith 3 others
  6. 2018

    5 rounds

  7. Nov
    RibometrixSeries A · US · FinSMEs$30MWith 10 others
  8. Nov
    Mirum TherapeuticsSeries A · US · FinSMEs$120MWith 5 others
  9. Oct
    Milestone PharmaceuticalsCA · FinSMEs$80MWith 9 others
  10. Oct
    CuraSenSeries A · US · FinSMEs$55MWith 4 others
  11. Sept
    4D MolecularSeries B · US · Endpts$90MWith 9 others
  12. 2017

    3 rounds

  13. Aug
    AmplyxSeries C · US · FinSMEs$67MWith 6 others
  14. Jul
    Kezar Life SciencesSeries B · US · FinSMEs$50MWith 7 others
  15. Mar
    BoragenSeries A · US · FinSMEs$10MWith 9 others
  16. Undated

    1 round

  17. -
    VFlowTechSeries A · SG · Firms' own news pages$10MWith 7 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 registration2 named

AMArthur M. PappasOfficeriForm ADV
MAMatthew A. BoyerChief Financial OfficeriForm ADV

We also hold 8 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

$165Mgross assets of its fundsOct 2026
Exemptreporting adviserventure or small private funds
Legal name
Pappas Capital, LLC
SEC number
CRD 163346

What they claim to have backed

From their own portfolio page (on their website)

1 of 4 we have independently watched raise

bioNVCAWebtoffeenc-biotech

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.

Who they invest alongside

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

Recently backed

The latest companies Pappas Capital put money into.

Quick answers about Pappas Capital

What does Pappas Capital invest in?

Pappas Capital invests most often at Series A and Series B (91% of the rounds on record), in sectors such as Molecules, Pharmaceuticals and Medicine.

How active is Pappas Capital?

12 investments on record, 2 of them in the last 12 months. The most recent was in Oct 2026.

What has Pappas Capital invested in recently?

Its most recent investments on record: Altay Therapeutics, Inc. (Series A, Oct 2026), Breye Therapeutics (Series A, Sept 2026) and Reneo Pharmaceuticals (Series A, May 2019).

How big are Pappas Capital's cheques?

The median round it joins is $52M.

Does Pappas Capital lead rounds?

Rarely, if at all: none of its 12 investments on record names it as the lead.

Where does Pappas Capital invest?

Most of the companies it backs are in the United States (75%), Denmark (8%) and Canada (8%).

Is Pappas Capital investing now?

Yes: it is actively investing, with 2 investments in the last 12 months.

Who does Pappas Capital invest alongside?

Most often Alexandria Real Estate Equities (2 rounds together), Hatteras Venture Partners (2 rounds together) and New Enterprise Associates (2 rounds together).

Raising now?

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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