# Piper Sandler Merchant Banking: portfolio, investments and team > Piper Sandler Merchant Banking is a growth equity based in United States. 2 investments on record, 1 in the last 12 months, latest Jun 2026. Source: https://millionrounds.com/fund/piper-sandler-merchant-banking (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Piper Sandler Merchant Banking Last cheque observed Jun 2026; 2 cheques on record. Email Growth equity Deploying now Last fund $3.5M, Nov 2022 Series C Series E Follow Piper Sandler Merchant Banking and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fpiper-sandler-merchant-banking) Deploying now **100%** of best year **1** **cheques in 12 months**, 2 on record Since the last cheque **154** days **00** hrs **00** min **00** sec Median round **$110M** Rounds led **1 of 2** Pitch Piper Sandler Merchant Banking ## Piper Sandler Merchant Banking highlights - 01 1 cheques in the last 12 months - 02 Mostly Series C and Series E: 100% of its rounds - 03 Led 1 rounds ## What they do > Filed 3 private fund offerings with the SEC, the most recent in 2014-04 From their own website - **Type:** Growth equity (from a list, unverified) - **Cheque size:** Not stated - **Based in:** United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **2 appearances** - **2026** 1 round - **Jun** **[CereVasc](https://millionrounds.com/company/cerevasc)** Series C · US · Ventureburn **$85M** *Led* - **2021** 1 round - **Sept** **[Elligo Health Research](https://millionrounds.com/company/elligo-health-research)** Series E · US · Hatteras Venture Partners **$135M** 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 **10 named** CJ **Christianson J. Theodore** Member of the General Partner i Filing they signed DP **David P. Crosby** Co-CEO of the Issuer, Member of the Manager i Filing they signed DL **Deborah L. Schoneman** Treasurer of the Issuer and its Managing Member i Filing they signed JM **James M. Martin** Secretary of the Issuer and its Managing Member i Filing they signed JW **John W. Geelan** Assistant Secretary of the Issuer and its Managing Member i Filing they signed MB **Mary B. Swanson** Assistant Treasurer of the Issuer and its Managing Member i Filing they signed RP **Robert P. Rinek** Co-CEO of the Issuer, Member of the Manager i Filing they signed SD **Seth D. Harward** Member of the General Partner i Filing they signed TP **Thomas P. Schnettler** Chief Executive Officer of Issuer's Managing Member i Filing they signed TL **Timothy L. Carter** Chief Financial Officer of the Issuer and its Managing Member i Filing they signed We also hold **10** 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. Latest fund on file **$3.5M** raised in Nov 2022 From its SEC filing. Nothing newer is on file yet. ## The cheque Series C Series E Median round joined **$110M** the round, not its cheque Led 1 of 2 rounds **50%** - **Sole investor:** Never alone - **Last cheque:** Jun 2026 Rounds by stage said on their site - Series C *1* - Series E *1* Cheques by month Led Joined Dec 2023 Nov 2026 **Pitching Piper Sandler Merchant Banking?** 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 *→* ## Recently backed The latest companies Piper Sandler Merchant Banking put money into. [**CereVasc** $85M · Jun 2026](https://millionrounds.com/company/cerevasc)[**Elligo Health Research** $135M · Sept 2021](https://millionrounds.com/company/elligo-health-research) ## Quick answers about Piper Sandler Merchant Banking ### What does Piper Sandler Merchant Banking invest in? Piper Sandler Merchant Banking invests most often at Series C and Series E (100% of the rounds on record). ### How active is Piper Sandler Merchant Banking? 2 investments on record, 1 of them in the last 12 months, and it led 1. The most recent was in Jun 2026. ### What has Piper Sandler Merchant Banking invested in recently? Its most recent investments on record: CereVasc (Series C, Jun 2026) and Elligo Health Research (Series E, Sept 2021). ### How big are Piper Sandler Merchant Banking's cheques? The median round it joins is $110M. ### Is Piper Sandler Merchant Banking investing now? Yes: it is actively investing, with 1 investments in the last 12 months. ### What kind of investor is Piper Sandler Merchant Banking? Piper Sandler Merchant Banking is a growth equity firm based in United States. ### Has Piper Sandler Merchant Banking raised a new fund? Its latest fund filing with the SEC was in Nov 2022, reporting $3.5M raised. ### Where does this information on Piper Sandler Merchant Banking come from? From 3 articles and filings naming it in a round, public registers and its own website, checked and rebuilt every night. ## 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-sandler-merchant-banking) · [Is this your firm? 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