# Perseus: portfolio, investments and team

> Perseus is a hedge fund based in United States. 11 investments on record, latest Aug 2010. Portfolio, stages, co-investors and team.

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

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

# Perseus

No cheque observed since Aug 2010, after 11 earlier cheques, and the website is dead.

Dormant New fund $2.1M, Jan 2021 Hedge fund

Series C Venture Series B Internet Real Time Biotechnology

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 11 on record

Since the last cheque **5918** days **00** hrs **00** min **00** sec

Median round **$13M** Rounds led **0 of 11** Sole investor **2 rounds** Exits **2 from the portfolio** Mostly in **United States, 100%**

Pitch Perseus

## Perseus highlights

- 01 11 rounds on record
- 02 Mostly Series C and Venture: 55% of its rounds
- 03 Sole investor in 2 rounds, median $22M
- 04 2 exits from the portfolio

## What they do

- **Type:** Hedge fund (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Internet Real Time Biotechnology
- **Based in:** Washington, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **11 appearances**

- **2010** 3 rounds
- **Aug** **[Metamark Genetics](https://millionrounds.com/company/metamark-genetics)** Series B · US · onbiovc.com **$22M** Sole investor
- **Aug** **[CeNeRx BioPharma](https://millionrounds.com/company/cenerx-biopharma)** Series C · US · cenerx.com **$13M** With 2 others
- **Jan** **[Cymbet](https://millionrounds.com/company/cymbet)** Series C · US · finsmes.com **$31M** With 5 others
- **2009** 2 rounds
- **Nov** **[Lumexis](https://millionrounds.com/company/lumexis)** Venture · US · airfax.com **$15M** With 2 others
- **Jul** **[NanoBio](https://millionrounds.com/company/nanobio)** Series B · US · fiercebiotech.com **$22M** Sole investor
- **2008** 1 round
- **Sept** **[SoftSwitching Technologies](https://millionrounds.com/company/softswitching-technologies)** Series E · US **$2.0M** With 4 others
- **2007** 3 rounds
- **Apr** **[Bioenvision](https://millionrounds.com/company/bioenvision)** Venture · US **$7.4M** With 2 others
- **Mar** **[MAP Pharmaceuticals](https://millionrounds.com/company/map-pharmaceuticals)** Series D · US · deals.venturebeat.com **$50M** With 5 others
- **Mar** **[Serveron](https://millionrounds.com/company/serveron)** Venture · US · portland.bizjournals.com **$5.0M** With 6 others
- **2006** 1 round
- **Jan** **[Serveron](https://millionrounds.com/company/serveron)** Series F · US **$3.0M** With 6 others
- **2005** 1 round
- **Apr** **[Iridian Technologies](https://millionrounds.com/company/iridian-technologies)** Series C · US · allbusiness.com **$5.0M** With 1 other

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 **13 named**

BP **Bill P. Pearson** Director i Filing they signed

CD **Calvin D. Long, II** Director i Filing they signed

DP **Darshil Patel** Manager of General Partner i Filing they signed

FH **Frank H. Pearl** Executive Officer i Filing they signed

GP **George P. Peoples, Jr.** Director i Filing they signed

JP **Jim P. Roquemore** Director i Filing they signed

JC **John C. Fox** Executive Officer i Filing they signed

KM **Kenneth M. Socha** Executive Officer i Filing they signed

LP **Lawrence P. Fine** Director i Filing they signed

MH **Mark H.N. Corrigan** Director i Filing they signed

NC **Norman C. Selby** Executive Officer i Filing they signed

RD **Riley D. Polk** Director i Filing they signed

TP **Thomas P. Wagner** Director i Filing they signed

We also hold **13** 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.

## Exits from the portfolio

Companies it backed that were later bought or listed **2 in all**

**[MAP Pharmaceuticals](https://millionrounds.com/company/map-pharmaceuticals)** Bought by [Allergan](https://millionrounds.com/fund/allergan) **$958M** Jan 2013

**[SoftSwitching Technologies](https://millionrounds.com/company/softswitching-technologies)** Bought by Rockwell Automation **Undisclosed** Mar 2012

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

**Twin Lakes Ventures LLC** **Undisclosed** Feb 2014

**ETrade Lab Limitada** **Undisclosed** Sept 2012

**Wholesale Global Services** **Undisclosed** May 2010

New fund on file

**$2.1M**

raised in Jan 2021

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

## The cheque

Series C Venture Series B

Median round joined **$13M** the round, not its cheque Alone, median **$22M**

Led 0 of 11 rounds **0%**

- **Sole investor:** 2 rounds
- **Last cheque:** Aug 2010
- **Exits:** 2 from the portfolio

Rounds by stage said on their site

- Series C *3*
- Venture *3*
- Series B *2*
- Series D *1*
- Series E *1*
- Series F *1*

Cheques by year Led Joined

2005 2010

Often in the room with

- [Cascadia Partners](https://millionrounds.com/fund/cascadia-partners) 2
- [El Dorado Investment](https://millionrounds.com/fund/el-dorado-investment) 2
- [Nth Power](https://millionrounds.com/fund/nth-power) 2
- [Oregon Life Sciences](https://millionrounds.com/fund/oregon-life-sciences) 2
- [Siemens](https://millionrounds.com/fund/siemens) 2
- [Ventures West](https://millionrounds.com/fund/ventures-west) 2

**Pitching Perseus?** 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 Perseus. A count of rooms they were both in, not a relationship either has claimed.

[**Cascadia Partners** VC firm **2** rounds together](https://millionrounds.com/fund/cascadia-partners)[**El Dorado Investment** Corporate VC **2** rounds together](https://millionrounds.com/fund/el-dorado-investment)[**Nth Power** VC firm **2** rounds together](https://millionrounds.com/fund/nth-power)[**Oregon Life Sciences** Investment firm **2** rounds together](https://millionrounds.com/fund/oregon-life-sciences)[**Siemens** Corporate VC **2** rounds together](https://millionrounds.com/fund/siemens)[**Ventures West** VC firm **2** rounds together](https://millionrounds.com/fund/ventures-west)

## Quick answers about Perseus

### What does Perseus invest in?

Perseus invests most often at Series C and Venture (55% of the rounds on record), in sectors such as Internet, Real Time and Biotechnology.

### How active is Perseus?

11 investments on record, 0 of them in the last 12 months. The most recent was in Aug 2010.

### How big are Perseus's cheques?

The median round it joins is $13M.

### Does Perseus lead rounds?

Rarely, if at all: none of its 11 investments on record names it as the lead.

### Where does Perseus invest?

Most of the companies it backs are in the United States (100%).

### Is Perseus investing now?

It looks quiet: no investment on record since Aug 2010.

### Who does Perseus invest alongside?

Most often Cascadia Partners (2 rounds together), El Dorado Investment (2 rounds together) and Nth Power (2 rounds together).

### What kind of investor is Perseus?

Perseus is a hedge fund based in Washington, United States.

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