# Third Security: portfolio, investments and team

> Third Security is a vc firm based in United States. 15 investments on record, latest Apr 2014. Portfolio, stages, co-investors and team.

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

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

# Third Security

Last cheque observed Apr 2014. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Email

VC firm Quiet

Series A Series B Growth Biotechnology

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 15 on record

Since the last cheque **4597** days **00** hrs **00** min **00** sec

Median round **$10M** Rounds led **0 of 15** Sole investor **7 rounds** Exits **1 from the portfolio** Mostly in **United States, 100%**

Pitch Third Security

## Third Security highlights

- 01 15 rounds on record
- 02 Mostly Series C and Series A: 54% of its rounds
- 03 Sole investor in 7 rounds, median $10M
- 04 1 exits from the portfolio

## What they do

> Third Security, LLC (“Third Security”) is a manager of a portfolio of operating biotechnology companies, as well as a family office. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Series A Series B Growth Pre-IPO
- **Sectors:** Biotechnology
- **Based in:** Radford, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **15 appearances**

- **2014** 3 rounds
- **Apr** **[Fitnet](https://millionrounds.com/company/fitnet)** Series A · US **$1.4M** With 3 others
- **Mar** **[Heyo](https://millionrounds.com/company/heyo)** Series A · US **$2.0M** With 1 other
- **Mar** **[Transgenomic](https://millionrounds.com/company/transgenomic)** Series B · US **$7.0M** Sole investor
- **2013** 2 rounds
- **Jul** **[AmpliPhi Biosciences](https://millionrounds.com/company/ampliphi-biosciences)** Growth · US · sec.gov **$12M** With 2 others
- **Jun** **[Soligenix](https://millionrounds.com/company/soligenix)** US · pehub.com **$7.1M** Sole investor
- **2011** 1 round
- **May** **[Intrexon Corporation](https://millionrounds.com/company/intrexon-corporation)** Series E · US · fiercebiotech.com **$100M** With 1 other
- **2010** 1 round
- **Jan** **[Synchrony](https://millionrounds.com/company/synchrony)** Series C · US · finsmes.com **$10M** Sole investor
- **2009** 1 round
- **Jul** **[Intrexon Corporation](https://millionrounds.com/company/intrexon-corporation)** Series C · US · onbiovc.com **$10M** Sole investor
- **2008** 1 round
- **May** **[Intrexon Corporation](https://millionrounds.com/company/intrexon-corporation)** Series C · US · businesswire.com **$25M** Sole investor
- **2007** 4 rounds
- **Nov** **[Synchrony](https://millionrounds.com/company/synchrony)** Series B · US **$10M** With 1 other
- **Sept** **[Cyntellect](https://millionrounds.com/company/cyntellect)** Series D · US **$3.0M** With 1 other
- **Jul** **[Cyntellect](https://millionrounds.com/company/cyntellect)** Series D · US **$15M** With 1 other
- **May** **[Intrexon Corporation](https://millionrounds.com/company/intrexon-corporation)** Series C · US · venturebeat.com **$25M** Sole investor
- **2006** 1 round
- **Nov** **[IntelliMat](https://millionrounds.com/company/intellimat)** Series A · US · vcgate.com **$5.0M** With 3 others
- **2005** 1 round
- **May** **[Intrexon Corporation](https://millionrounds.com/company/intrexon-corporation)** Series B · US **$500K** Sole investor

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

We hold **8** 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 they claim to have backed

From their own portfolio page (on their website)

**1** of 4 we have independently watched raise

[Oxitec](https://millionrounds.com/company/oxitec) GoDaddy Web Design GreenVenus OSF

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 **1 in all**

**[Intrexon Corporation](https://millionrounds.com/company/intrexon-corporation)** Listed **$160M** Aug 2013

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Series A Series B Growth

Median round joined **$10M** the round, not its cheque Alone, median **$10M**

Led 0 of 15 rounds **0%**

- **Sole investor:** 7 rounds
- **Last cheque:** Apr 2014
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Series C *4*
- Series A said *3*
- Series B said *3*
- Series D *2*
- Growth said *1*
- Pre-IPO said *-*

Cheques by year Led Joined

2005 2014

Often in the room with

- [New River Management](https://millionrounds.com/fund/new-river-management) 2
- [NewVa Capital Partners](https://millionrounds.com/fund/newva-capital-partners) 2
- [Valley Ventures](https://millionrounds.com/fund/valley-ventures) 2

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## Who they invest alongside

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

[**New River Management** Growth equity **2** rounds together](https://millionrounds.com/fund/new-river-management)[**NewVa Capital Partners** Investment firm **2** rounds together](https://millionrounds.com/fund/newva-capital-partners)[**Valley Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/valley-ventures)

## Quick answers about Third Security

### What does Third Security invest in?

Third Security invests most often at Series C and Series A (54% of the rounds on record), in sectors such as Biotechnology.

### How active is Third Security?

15 investments on record, 0 of them in the last 12 months. The most recent was in Apr 2014.

### How big are Third Security's cheques?

The median round it joins is $10M.

### Does Third Security lead rounds?

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

### Where does Third Security invest?

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

### Is Third Security investing now?

No investments in the last 12 months; the latest was in Apr 2014.

### Who does Third Security invest alongside?

Most often New River Management (2 rounds together), NewVa Capital Partners (2 rounds together) and Valley Ventures (2 rounds together).

### What kind of investor is Third Security?

Third Security is a VC firm based in Radford, United States.

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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=third-security-llc) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=third-security-llc)
