# Topspin Partners: portfolio, investments and team

> Topspin Partners is a vc firm based in United States. 19 investments on record, latest Oct 2017. Portfolio, stages, co-investors and team.

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

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

# Topspin Partners

Filed with the SEC to raise a fund in Nov 2025, closing $1M. Last cheque observed Oct 2017.

Quiet New fund $650K, Nov 2025 VC firm

Growth Pre-seed Seed Cloud Data Services Consumer FinTech

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 19 on record

Since the last cheque **3296** days **00** hrs **00** min **00** sec

Median round **$12M** Rounds led **1 of 19** Sole investor **3 rounds** Exits **4 from the portfolio** Mostly in **United States, 100%**

Pitch Topspin Partners

## Topspin Partners highlights

- 01 19 rounds on record
- 02 Mostly Series C and Series A: 65% of its rounds
- 03 Sole investor in 3 rounds, median $2.0M
- 04 4 exits from the portfolio

## What they do

> Filed 1 private fund offering with the SEC, the most recent in 2023-11 From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Growth Pre-seed Seed Series A Series B
- **Sectors:** Cloud Data Services Consumer FinTech
- **Based in:** United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **19 appearances**

- **2017** 1 round
- **Oct** **[Bear Down Brands](https://millionrounds.com/company/bear-down-brands)** US · Firms' own news pages **Undisclosed** *Led*
- **2015** 4 rounds
- **Dec** **[ORIC Pharmaceuticals](https://millionrounds.com/company/oric-pharmaceuticals)** Series B · US **$53M** With 5 others
- **Sept** **[Alector](https://millionrounds.com/company/alector)** Series C · US **$32M** With 5 others
- **Jul** **[ThermoLift](https://millionrounds.com/company/thermolift)** Venture · US **$2.8M** With 1 other
- **Jun** **[Codagenix, Inc.](https://millionrounds.com/company/codagenix-inc)** Series A · US **$2.0M** Sole investor
- **2014** 1 round
- **Jul** **[SynchroPET](https://millionrounds.com/company/synchropet)** Debt · US **$100K** With 4 others
- **2013** 3 rounds
- **Oct** **[Immune Design](https://millionrounds.com/company/immune-design)** Series C · US · finsmes.com **$49M** With 6 others
- **Aug** **[SetPoint Medical](https://millionrounds.com/company/setpoint-medical)** Series A · US · sec.gov **$31M** With 6 others
- **Jul** **[NGM Biopharmaceuticals](https://millionrounds.com/company/ngm-biopharmaceuticals)** Series C · US · fiercebiotech.com **$50M** With 4 others
- **2012** 2 rounds
- **Mar** **[Aragon Pharmaceuticals](https://millionrounds.com/company/aragon-pharmaceuticals)** Series C · US · xconomy.com **$42M** Sole investor
- **Mar** **[Celmatix](https://millionrounds.com/company/celmatix)** Series A · US · sec.gov **$1.5M** Sole investor
- **2007** 2 rounds
- **Nov** **[Passport Systems](https://millionrounds.com/company/passport-systems)** Series C · US · passportsystems.com **$7.4M** With 1 other
- **Jun** **[Neopolitan Networks](https://millionrounds.com/company/neopolitan-networks)** Series A · US · venturebeat.com **$3.2M** With 1 other
- **2006** 1 round
- **May** **[Passport Systems](https://millionrounds.com/company/passport-systems)** Series B · US · accessmylibrary.com **$2.0M** With 2 others
- **2005** 3 rounds
- **Nov** **[Game Trust](https://millionrounds.com/company/game-trust)** Series B · US · thefreelibrary.com **$9.0M** With 6 others
- **Aug** **[Sensicore](https://millionrounds.com/company/sensicore)** Series C · greentechmedia.com **$12M** With 4 others
- **Mar** **[ArgiNOx Phamaceuticals,Inc.](https://millionrounds.com/company/arginox-phamaceuticals-inc)** Series C · US **$25M** With 1 other
- **2004** 1 round
- **Nov** **[Roche NimbleGen](https://millionrounds.com/company/roche-nimblegen)** Series F · US **$13M** With 3 others
- **2002** 1 round
- **Jun** **[comScore](https://millionrounds.com/company/comscore)** Series D · US · comscore.com **$20M** With 6 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 **5 named**

LR **Leigh Randall** Executive Officer i Filing they signed

LG **Leo Guthart** Managing Member i Filing they signed

OV **Ojas Vahia** Executive Officer i Filing they signed

SL **Stephen Lebowitz** Managing Member i Filing they signed

SP **Stephen Parks** Executive Officer i Filing they signed

We also hold **7** 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)

**2** of 16 we have independently watched raise

[Mission](https://millionrounds.com/company/mission)[Playmonster](https://millionrounds.com/company/playmonster) Bentgo Builtbygrid Coopsleepgoods Japonesque Mycarpe Palmettomoononline Polder Pureenrichment Recom Remedyhealthmedia Sfamarketing Sportpet Threedog Wetbrush

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 **4 in all**

**[Aragon Pharmaceuticals](https://millionrounds.com/company/aragon-pharmaceuticals)** Bought by [Johnson & Johnson](https://millionrounds.com/fund/johnson-and-johnson) **$1.0B** Jun 2013

**[Sensicore](https://millionrounds.com/company/sensicore)** Bought by General Electric (GE) **Undisclosed** Apr 2008

**[Game Trust](https://millionrounds.com/company/game-trust)** Bought by [Real Networks](https://millionrounds.com/fund/real-networks) **$20M** Sept 2007

**[comScore](https://millionrounds.com/company/comscore)** Listed **Undisclosed** Apr 2007

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

**JD Beauty** **Undisclosed** Oct 2015

**Patch Products** **Undisclosed** Sept 2014

New fund on file

**$650K**

raised in Nov 2025

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

## The cheque

Growth Pre-seed Seed

Median round joined **$12M** the round, not its cheque Alone, median **$2.0M**

Led 1 of 19 rounds **5%**

- **Sole investor:** 3 rounds
- **Last cheque:** Oct 2017
- **Exits:** 4 from the portfolio

Rounds by stage said on their site

- Series C *7*
- Series A said *4*
- Series B said *3*
- Series F *1*
- Debt *1*
- Venture *1*
- Growth said *-*

Cheques by year Led Joined

2002 2017

Often in the room with

- [Long Island Angel Network](https://millionrounds.com/fund/long-island-angel-network) 2
- [OrbiMed](https://millionrounds.com/fund/orbimed) 2
- [Shiprock Capital Management Limited](https://millionrounds.com/fund/shiprock-capital-management-limited) 2
- [The Column Group](https://millionrounds.com/fund/the-column-group) 2

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## Who they invest alongside

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

[**Long Island Angel Network** Angel network **2** rounds together](https://millionrounds.com/fund/long-island-angel-network)[**OrbiMed** Private equity **2** rounds together](https://millionrounds.com/fund/orbimed)[**Shiprock Capital Management Limited** Growth equity **2** rounds together](https://millionrounds.com/fund/shiprock-capital-management-limited)[**The Column Group** VC firm **2** rounds together](https://millionrounds.com/fund/the-column-group)

## Recently backed

The latest companies Topspin Partners put money into.

[**Bear Down Brands** Oct 2017](https://millionrounds.com/company/bear-down-brands)

## Quick answers about Topspin Partners

### What does Topspin Partners invest in?

Topspin Partners invests most often at Series C and Series A (65% of the rounds on record), in sectors such as Cloud Data Services, Consumer and FinTech.

### How active is Topspin Partners?

19 investments on record, 0 of them in the last 12 months, and it led 1. The most recent was in Oct 2017.

### What has Topspin Partners invested in recently?

Its most recent investments on record: Bear Down Brands (Undisclosed round, Oct 2017).

### How big are Topspin Partners's cheques?

The median round it joins is $12M.

### Does Topspin Partners lead rounds?

Sometimes: it led 1 of its 19 investments on record (5%).

### Where does Topspin Partners invest?

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

### Is Topspin Partners investing now?

No investments in the last 12 months; the latest was in Oct 2017.

### Who does Topspin Partners invest alongside?

Most often Long Island Angel Network (2 rounds together), OrbiMed (2 rounds together) and Shiprock Capital Management Limited (2 rounds together).

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