United States · Investor

Piper Jaffray

Last cheque observed Dec 2019. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

QuietNew fund $42M, Sept 2017Corporate VC

Series DSeries CSeries BAsset ManagementBanking

Cheques on record
0%of best year0cheques in 12 months, 15 on record
Since the last cheque2517days00hrs00min00sec
Median round$35MRounds led0 of 15Sole investor2 roundsExits3 from the portfolioMostly inUnited States, 100%
Pitch Piper Jaffray

Piper Jaffray highlights

  1. 01

    15 rounds on record

  2. 02

    Mostly Series D and Series C: 64% of its rounds

  3. 03

    Sole investor in 2 rounds, median $31M

  4. 04

    3 exits from the portfolio

What they do

Type
Corporate VC (from a list, unverified)
Cheque size
Not stated
Sectors
Asset ManagementBanking
Based in
Minneapolis, United States
Cold pitches
Not stated

The record

Every round we can evidence, newest first15 appearances

  1. 2019

    2 rounds

  2. Dec
    Akoya BiosciencesUS · FinSMEs$50MSole investor
  3. May
    Elligo HealthSeries C · US · FinSMEs$20MWith 2 others
  4. 2015

    3 rounds

  5. Oct
    GutCheckSeries D · US$12MSole investor
  6. Sept
    PerfectServeSeries D · US$21MWith 4 others
  7. Jun
    Lattice EnginesSeries D · US$28MWith 4 others
  8. 2014

    1 round

  9. Jun
    Sport NginSeries D · US$25MWith 3 others
  10. 2012

    2 rounds

  11. Sept
    Torax MedicalSeries D · US · finsmes.com$30MWith 5 others
  12. Feb
    PerfectServeSeries C · US · finsmes.com$11MWith 5 others
  13. 2004

    3 rounds

  14. Apr
    Axya MedicalVenture · US$2.8MWith 5 others
  15. Apr
    FieldCentrixSeries B · US$8.9MWith 5 others
  16. Mar
    InsuletSeries D · US$36MWith 8 others
  17. 2003

    2 rounds

  18. Aug
    LipoScienceSeries E · US$15MWith 5 others
  19. Jul
    ZettaComSeries C · US$19MWith 13 others
  20. 2001

    1 round

  21. Mar
    Oresis CommunicationsVenture$65MWith 9 others
  22. 2000

    1 round

  23. Oct
    Lara NetworksSeries B · US$40MWith 8 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 registration24 named

ALAlyssa Lynn BallisChief Compliance OfficeriForm ADV
ACAnn C. McCagueExecutive OfficeriFiling they signed
BTBridget Tere LarsenChief Compliance OfficeriForm ADV
CRChad Richard AbrahamChairman, CEO; Board MemberiForm ADV
DPDavid P. CrosbyMemberiFiling they signed
DLDebbra Lynn SchonemanPresident; Board MemberiForm ADV
EAElisabeth A. SmithExecutive Officer of General PartneriFiling they signed
EAElizabeth A. SmithExecutive Officer of General PartneriFiling they signed
GBGary Bradley LinfordDirectoriFiling they signed
JBJacob Bradley SimmsVice PresidentiFiling they signed
JMJames Martell MartinSecretaryiForm ADV
JJJeremy Joseph GerberCo Head of Public Finance; Board MemberiForm ADV
JWJohn William Jr. GeelanChief Legal OfficeriForm ADV
JJJonathan Jay DoyleHead of Financial Services GroupiForm ADV
KPKatherine Patricia CluneChief Financial OfficeriForm ADV
LILaura I. ChellExecutive OfficeriFiling they signed
LLLora l. ChellExecutive OfficeriFiling they signed
MBM. Bradley WingesPresidentiFiling they signed
MBMark Bradley FaganDirectoriFiling they signed
MBMartin Bradley WingesExecutive OfficeriFiling they signed
MSMatthew Stephen HemsleyChief Executive Officer/PresidentiForm ADV
MEMichael Edward CoxCo-Head of Equities; Board MemberiForm ADV
MRMichael Ray DillahuntCo-Head Inv Bkg & Cap Mkts; Board MemberiForm ADV
PJPiper Jaffray CompaniesMemberiFiling they signed

We also hold 44 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

$1.7Bassets it manages, 3 advisers combinedOct 2026
Registeredinvestment adviserfull reporting to the SEC
Legal name
Piper Heartland Healthcare Capital, LLC
SEC number
CRD 165620

Funds on its Form ADV

7 private funds, $533M in gross assets · filed Nov 2024

  1. Piper Heartland Healthcare Crossover Fund I, L.P.Private equity77 investors$232M
  2. Piper Sandler Merchant Banking Fund II, L.P.Private equity82 investors$167M
  3. Piper Sandler Merchant Banking Fund III, L.P.Private equity35 investors$75M
  4. Piper Sandler Merchant Banking Fund III Employee, L.P.Private equity63 investors$32M
  5. Piper Sandler Merchant Banking Fund I, L.P.Private equity17 investors$25M
  6. PJC Merchant Banking Partners IV, LLCPrivate equity20 investors$1.1M
  7. PJC Merchant Banking Partners III, LLCPrivate equity20 investors$887K

What they claim to have backed

From their own portfolio page (on their website)

0 of 4 we have independently watched raise

Client Account AccessFbiFixed Income Client PortalMerchant Banking Investor Access

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 listed3 in all

LipoScienceBought by LabCorp$63MSept 2014
ZettaComBought by IDT$35MApr 2004
Lara NetworksBought by Cypress SemiconductorUndisclosedJun 2001

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

Simmons & Company InternationalUndisclosedNov 2015
River Branch HoldingsUndisclosedJul 2015
Edgeview PartnersUndisclosedJul 2013

Who they invest alongside

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

Recently backed

The latest companies Piper Jaffray put money into.

Mentioned on podcasts

Episodes that name Piper Jaffray in their description, not their title.

Quick answers about Piper Jaffray

What does Piper Jaffray invest in?

Piper Jaffray invests most often at Series D and Series C (64% of the rounds on record), in sectors such as Asset Management and Banking.

How active is Piper Jaffray?

15 investments on record, 0 of them in the last 12 months. The most recent was in Dec 2019.

What has Piper Jaffray invested in recently?

Its most recent investments on record: Akoya Biosciences (Undisclosed round, Dec 2019) and Elligo Health (Series C, May 2019).

How big are Piper Jaffray's cheques?

The median round it joins is $35M.

Does Piper Jaffray lead rounds?

Rarely, if at all: none of its 15 investments on record names it as the lead.

Where does Piper Jaffray invest?

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

Is Piper Jaffray investing now?

No investments in the last 12 months; the latest was in Dec 2019.

Who does Piper Jaffray invest alongside?

Most often River Cities Capital Funds (3 rounds together), U.S. Bancorp (3 rounds together) and Icon Ventures (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