# Piper Jaffray: portfolio, investments and team > Piper Jaffray is a corporate vc based in United States. 15 investments on record, latest Dec 2019. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/piper-jaffray (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Piper Jaffray Last cheque observed Dec 2019. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Quiet New fund $42M, Sept 2017 Corporate VC Series D Series C Series B Asset Management Banking Cheques on record **0%** of best year **0** **cheques in 12 months**, 15 on record Since the last cheque **2517** days **00** hrs **00** min **00** sec Median round **$35M** Rounds led **0 of 15** Sole investor **2 rounds** Exits **3 from the portfolio** Mostly in **United States, 100%** Pitch Piper Jaffray ## Piper Jaffray highlights - 01 15 rounds on record - 02 Mostly Series D and Series C: 64% of its rounds - 03 Sole investor in 2 rounds, median $31M - 04 3 exits from the portfolio ## What they do - **Type:** Corporate VC (from a list, unverified) - **Cheque size:** Not stated - **Sectors:** Asset Management Banking - **Based in:** Minneapolis, United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **15 appearances** - **2019** 2 rounds - **Dec** **[Akoya Biosciences](https://millionrounds.com/company/akoya-biosciences)** US · FinSMEs **$50M** Sole investor - **May** **[Elligo Health](https://millionrounds.com/company/elligo-health)** Series C · US · FinSMEs **$20M** With 2 others - **2015** 3 rounds - **Oct** **[GutCheck](https://millionrounds.com/company/gutcheck)** Series D · US **$12M** Sole investor - **Sept** **[PerfectServe](https://millionrounds.com/company/perfectserve)** Series D · US **$21M** With 4 others - **Jun** **[Lattice Engines](https://millionrounds.com/company/lattice-engines)** Series D · US **$28M** With 4 others - **2014** 1 round - **Jun** **[Sport Ngin](https://millionrounds.com/company/sport-ngin)** Series D · US **$25M** With 3 others - **2012** 2 rounds - **Sept** **[Torax Medical](https://millionrounds.com/company/torax-medical)** Series D · US · finsmes.com **$30M** With 5 others - **Feb** **[PerfectServe](https://millionrounds.com/company/perfectserve)** Series C · US · finsmes.com **$11M** With 5 others - **2004** 3 rounds - **Apr** **[Axya Medical](https://millionrounds.com/company/axya-medical)** Venture · US **$2.8M** With 5 others - **Apr** **[FieldCentrix](https://millionrounds.com/company/fieldcentrix)** Series B · US **$8.9M** With 5 others - **Mar** **[Insulet](https://millionrounds.com/company/insulet)** Series D · US **$36M** With 8 others - **2003** 2 rounds - **Aug** **[LipoScience](https://millionrounds.com/company/liposcience)** Series E · US **$15M** With 5 others - **Jul** **[ZettaCom](https://millionrounds.com/company/zettacom)** Series C · US **$19M** With 13 others - **2001** 1 round - **Mar** **[Oresis Communications](https://millionrounds.com/company/oresis-communications)** Venture **$65M** With 9 others - **2000** 1 round - **Oct** **[Lara Networks](https://millionrounds.com/company/lara-networks)** Series B · US **$40M** With 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 registration **24 named** AL **Alyssa Lynn Ballis** Chief Compliance Officer i Form ADV AC **Ann C. McCague** Executive Officer i Filing they signed BT **Bridget Tere Larsen** Chief Compliance Officer i Form ADV CR **Chad Richard Abraham** Chairman, CEO; Board Member i Form ADV DP **David P. Crosby** Member i Filing they signed DL **Debbra Lynn Schoneman** President; Board Member i Form ADV EA **Elisabeth A. Smith** Executive Officer of General Partner i Filing they signed EA **Elizabeth A. Smith** Executive Officer of General Partner i Filing they signed GB **Gary Bradley Linford** Director i Filing they signed JB **Jacob Bradley Simms** Vice President i Filing they signed JM **James Martell Martin** Secretary i Form ADV JJ **Jeremy Joseph Gerber** Co Head of Public Finance; Board Member i Form ADV JW **John William Jr. Geelan** Chief Legal Officer i Form ADV JJ **Jonathan Jay Doyle** Head of Financial Services Group i Form ADV KP **Katherine Patricia Clune** Chief Financial Officer i Form ADV LI **Laura I. Chell** Executive Officer i Filing they signed LL **Lora l. Chell** Executive Officer i Filing they signed MB **M. Bradley Winges** President i Filing they signed MB **Mark Bradley Fagan** Director i Filing they signed MB **Martin Bradley Winges** Executive Officer i Filing they signed MS **Matthew Stephen Hemsley** Chief Executive Officer/President i Form ADV ME **Michael Edward Cox** Co-Head of Equities; Board Member i Form ADV MR **Michael Ray Dillahunt** Co-Head Inv Bkg & Cap Mkts; Board Member i Form ADV PJ **Piper Jaffray Companies** Member i Filing 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 **$1.7B** assets it manages, 3 advisers combined Oct 2026 **Registered** investment adviser full 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 - Piper Heartland Healthcare Crossover Fund I, L.P. *Private equity* 77 investors $232M - Piper Sandler Merchant Banking Fund II, L.P. *Private equity* 82 investors $167M - Piper Sandler Merchant Banking Fund III, L.P. *Private equity* 35 investors $75M - Piper Sandler Merchant Banking Fund III Employee, L.P. *Private equity* 63 investors $32M - Piper Sandler Merchant Banking Fund I, L.P. *Private equity* 17 investors $25M - PJC Merchant Banking Partners IV, LLC *Private equity* 20 investors $1.1M - PJC Merchant Banking Partners III, LLC *Private equity* 20 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 Access Fbi Fixed Income Client Portal Merchant 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 listed **3 in all** **[LipoScience](https://millionrounds.com/company/liposcience)** Bought by [LabCorp](https://millionrounds.com/fund/labcorp) **$63M** Sept 2014 **[ZettaCom](https://millionrounds.com/company/zettacom)** Bought by IDT **$35M** Apr 2004 **[Lara Networks](https://millionrounds.com/company/lara-networks)** Bought by [Cypress Semiconductor](https://millionrounds.com/fund/cypress-semiconductor) **Undisclosed** Jun 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 International** **Undisclosed** Nov 2015 **River Branch Holdings** **Undisclosed** Jul 2015 **Edgeview Partners** **Undisclosed** Jul 2013 New fund on file **$42M** raised in Sept 2017 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Series D Series C Series B Median round joined **$35M** the round, not its cheque Alone, median **$31M** Led 0 of 15 rounds **0%** - **Sole investor:** 2 rounds - **Last cheque:** Dec 2019 - **Exits:** 3 from the portfolio Rounds by stage said on their site - Series D *6* - Series C *3* - Series B *2* - Venture *2* - Series E *1* Cheques by year Led Joined 2000 2019 Often in the room with - [River Cities Capital Funds](https://millionrounds.com/fund/river-cities-capital-funds) 3 - [U.S. Bancorp](https://millionrounds.com/fund/us-bank) 3 - [Icon Ventures](https://millionrounds.com/fund/icon-ventures) 2 - [Prism Venture Management](https://millionrounds.com/fund/prism-venture-management) 2 **Pitching Piper Jaffray?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## 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. [**River Cities Capital Funds** Investment firm **3** rounds together](https://millionrounds.com/fund/river-cities-capital-funds)[**U.S. Bancorp** Company **3** rounds together](https://millionrounds.com/fund/us-bank)[**Icon Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/icon-ventures)[**Prism Venture Management** VC firm **2** rounds together](https://millionrounds.com/fund/prism-venture-management) ## Recently backed The latest companies Piper Jaffray put money into. [**Akoya Biosciences** $50M · Dec 2019](https://millionrounds.com/company/akoya-biosciences) ## Mentioned on podcasts Episodes that name Piper Jaffray in their description, not their title. - [Superclusters](https://millionrounds.com/podcasts/superclusters) 16 Jun 2025 · 1h 2m 22 Years in Venture Secondaries | Abe Finkelstein | Superclusters | S5E9 Mentions [Brown Brothers Harriman](https://millionrounds.com/fund/brown-brothers-harriman)[Piper Jaffray](https://millionrounds.com/fund/piper-jaffray) Apple PodcastsShow page - [Superclusters](https://millionrounds.com/podcasts/superclusters) 11 Mar 2024 · 1h 20m How One of VC's Biggest LPs Builds Relationships | Abe Finkelstein | Superclusters | S2E1 Mentions [Brown Brothers Harriman](https://millionrounds.com/fund/brown-brothers-harriman)[Piper Jaffray](https://millionrounds.com/fund/piper-jaffray) Apple PodcastsShow page ## 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? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM 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=piper-jaffray) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=piper-jaffray)