# Perceptive Ventures: portfolio, investments and team

> Perceptive Ventures is a vc firm based in United States. 10 investments on record, 1 in the last 12 months, latest Feb 2026.

Source: https://millionrounds.com/fund/perceptive-ventures (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Perceptive Ventures

Last cheque observed Feb 2026; 10 cheques on record.

Email

Deploying now New fund $23M, Feb 2026 VC firm Website unconfirmed

Series B Series C Seed AI Agentic AI

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Deploying now

**50%** of best year **1** **cheques in 12 months**, 10 on record

Since the last cheque **250** days **00** hrs **00** min **00** sec

Median round **$83M** Rounds led **0 of 10** Mostly in **United States, 89%**

Pitch Perceptive Ventures

## Perceptive Ventures highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Series B and Series C: 67% of its rounds

## What they do

- **Type:** VC firm
- **Cheque size:** Not stated
- **Sectors:** AI Agentic AI
- **Based in:** San Francisco, United States
- **Cold pitches:** Not accepted

A website was listed for this organisation, but we could not confirm it belongs to the firm that wrote these cheques. Either the site never mentions them, or it turned out to be a different company sharing the name. We show neither it nor anything read from it. [Tell us the right one](https://millionrounds.com/corrections?slug=perceptive-ventures).

## The record

Every round we can evidence, newest first **10 appearances**

- **2026** 1 round
- **Feb** **[Giant](https://millionrounds.com/company/giant)** Seed · TechStartups **$8.0M** With 8 others
- **2025** 1 round
- **Aug** **[Novig](https://millionrounds.com/company/novig)** Series A · US · TechStartups **$18M** With 5 others
- **2019** 1 round
- **Apr** **[Poseida Therapeutics](https://millionrounds.com/company/poseida-therapeutics)** Series C · US · FinSMEs **$142M** With 7 others
- **2018** 6 rounds
- **Oct** **[Stoke Therapeutics](https://millionrounds.com/company/stoke-therapeutics)** Series B · US · FinSMEs **$90M** With 7 others
- **Sept** **[4D Molecular](https://millionrounds.com/company/4d-molecular)** Series B · US · Endpts **$90M** With 9 others
- **Aug** **[Outset Medical](https://millionrounds.com/company/outset-medical)** Series D · US · FinSMEs **$132M** With 4 others
- **Aug** **[Orchard Therapeutics](https://millionrounds.com/company/orchard-therapeutics)** Series C · GB · FinSMEs **$150M** With 14 others
- **Apr** **[Kodiak](https://millionrounds.com/company/kodiak)** US · FinSMEs **$33M** With 1 other
- **Apr** **[Edios](https://millionrounds.com/company/edios)** Series B · US · FinSMEs **$64M** With 6 others
- **2017** 1 round
- **May** **[Outset Medical](https://millionrounds.com/company/outset-medical)** Series C · US · FinSMEs **$77M** With 4 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 registration **1 named**

CA **Camilo Acosta** Managing Director i Filing they signed

We also hold **1** person 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

**$36M** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Perceptive Ventures Management Company, LLC
- **SEC number:** CRD 334414

## What they claim to have backed

From their own portfolio page (on their website)

**0** of 1 we have independently watched raise

Altalogy

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.

New fund on file

**$23M**

raised in Feb 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Series B Series C Seed

Median round joined **$83M** the round, not its cheque

Led 0 of 10 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Feb 2026

Rounds by stage said on their site

- Series B *3*
- Series C *3*
- Seed *1*
- Series A *1*
- Series D *1*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Cormorant Capital](https://millionrounds.com/fund/cormorant-capital) 3
- [ArrowMark Partners](https://millionrounds.com/fund/arrowmark-partners) 2
- [Janus Henderson](https://millionrounds.com/fund/janus-henderson) 2
- [Warburg Pincus](https://millionrounds.com/fund/warburg-pincus) 2

**Pitching Perceptive Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

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

[**Cormorant Capital** VC firm **3** rounds together](https://millionrounds.com/fund/cormorant-capital)[**ArrowMark Partners** Private equity **2** rounds together](https://millionrounds.com/fund/arrowmark-partners)[**Janus Henderson** Hedge fund **2** rounds together](https://millionrounds.com/fund/janus-henderson)[**Warburg Pincus** Private equity **2** rounds together](https://millionrounds.com/fund/warburg-pincus)

## Recently backed

The latest companies Perceptive Ventures put money into.

[**Giant** $8.0M · Feb 2026](https://millionrounds.com/company/giant)[**Novig** $18M · Aug 2025](https://millionrounds.com/company/novig)[**Stoke Therapeutics** $90M · Oct 2018](https://millionrounds.com/company/stoke-therapeutics)[**Outset Medical** $132M · Aug 2018](https://millionrounds.com/company/outset-medical)[**Orchard Therapeutics** $150M · Aug 2018](https://millionrounds.com/company/orchard-therapeutics)[**Kodiak** $33M · Apr 2018](https://millionrounds.com/company/kodiak)

## Quick answers about Perceptive Ventures

### What does Perceptive Ventures invest in?

Perceptive Ventures invests most often at Series B and Series C (67% of the rounds on record), in sectors such as AI and Agentic AI.

### How active is Perceptive Ventures?

10 investments on record, 1 of them in the last 12 months. The most recent was in Feb 2026.

### What has Perceptive Ventures invested in recently?

Its most recent investments on record: Giant (Seed, Feb 2026), Novig (Series A, Aug 2025) and Poseida Therapeutics (Series C, Apr 2019).

### How big are Perceptive Ventures's cheques?

The median round it joins is $83M.

### Does Perceptive Ventures lead rounds?

Rarely, if at all: none of its 10 investments on record names it as the lead.

### Where does Perceptive Ventures invest?

Most of the companies it backs are in the United States (89%) and the United Kingdom (11%).

### Is Perceptive Ventures investing now?

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

### Who does Perceptive Ventures invest alongside?

Most often Cormorant Capital (3 rounds together), ArrowMark Partners (2 rounds together) and Janus Henderson (2 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=perceptive-ventures) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=perceptive-ventures)
