Breakout Management, LLC
SEC exempt reporting adviser (venture capital exemption).
- Website
- HTTP://BREAKOUT.VC/
- HQ
- CA
Breakout Management, LLC backs founders building science-driven companies, typically investing early when founding teams are coalescing. Lindy Fishburne and Julia Moore are managing partners, with Dana Watt and Rebecca Nugent as partners. Portfolio companies span AI-driven cancer therapies, carbon-to-chemicals technology, and sepsis diagnostics.
01 · Says / Does
| Tag | Says | Does | Historically (to 2020) |
|---|---|---|---|
| Stages | Not stated | Not enough dated deals | Series B, Series A |
| Sectors | Not stated | Not enough dated deals | Biotech, Healthtech, Data analytics, Life sciences and research tools |
| Regions | Not stated | Not enough dated deals | CA |
Says: what the firm's funds state. Does: from 0 dated deals in the last 24 months.
Historical focus (through 2020), derived from historical deal data.
| Year | Deals | Top sectors |
|---|---|---|
| 2016 | 3 | Biotech, Advanced materials, Agtech |
| 2017 | 2 | Biotech, Data analytics, Healthtech |
| 2018 | 1 | Biotech, Healthtech |
| 2019 | 5 | Biotech, Data analytics, Life sciences and research tools |
| 2020 | 1 | Healthtech, Medical devices |
Stage mix over time
- Pre-seed
- Seed
- Series A
- Series B
- Growth
| Year | Pre-seed | Seed | Series A | Series B | Growth |
|---|---|---|---|---|---|
| 2016 | 0 | 0 | 1 | 2 | 0 |
| 2017 | 0 | 0 | 0 | 1 | 0 |
| 2018 | 0 | 0 | 0 | 1 | 0 |
| 2019 | 0 | 1 | 2 | 2 | 0 |
| 2020 | 0 | 0 | 1 | 0 | 0 |
| 2021 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 |
| 2024 | 0 | 0 | 0 | 0 | 0 |
| 2025 | 0 | 0 | 0 | 0 | 0 |
| 2026 | 0 | 0 | 0 | 0 | 0 |
02 · Fund history
| Fund | Year | Size | Status |
|---|---|---|---|
| Breakout Ventures III-B, L.P. Breakout backs founders building science-driven companies, investing early when founding teams are coalescing. It leads many deals and sees science becoming programmable, with AI applied to biological and chemical data. Inferred from the firm's website | 2025 | $12.12M (Form D) | Open, writing first checks |
| Breakout Ventures III, L.P. /DE Breakout backs founders building science-driven companies, investing early when founding teams are coalescing. It leads many deals and sees science becoming programmable, with AI applied to biological and chemical data. Inferred from the firm's website | 2024 | $101.88M (Form D) | Open, writing first checks |
| Breakout Ventures II, L.P. | 2021 | $112.5M (Form D) | Follow-ons only |
03 · People across funds
- Julia Moore, Managing Partner
Breakout Ventures III-B, L.P. (Named on Form D); Breakout Ventures III, L.P. /DE (Named on Form D); Breakout Ventures II, L.P. (Named on Form D)
- Lindy Fishburne, Managing Partner
Breakout Ventures III-B, L.P. (Named on Form D); Breakout Ventures III, L.P. /DE (Named on Form D); Breakout Ventures II, L.P. (Team)
- Lynn Fishburne, Managing member of Breakout Ventures Associates II, LLC, the General Partner
Breakout Ventures II, L.P. (Named on Form D)
- Bryan Mazlish
Breakout Ventures III-B, L.P. (Team); Breakout Ventures III, L.P. /DE (Team); Breakout Ventures II, L.P. (Team)
- Dana Watt, PhD, Partner
Breakout Ventures III-B, L.P. (Team); Breakout Ventures III, L.P. /DE (Team); Breakout Ventures II, L.P. (Team)
- Ilan Zipkin, PhD
Breakout Ventures III-B, L.P. (Team); Breakout Ventures III, L.P. /DE (Team); Breakout Ventures II, L.P. (Team)
- Matt De Silva
Breakout Ventures III-B, L.P. (Team); Breakout Ventures III, L.P. /DE (Team); Breakout Ventures II, L.P. (Team)
- Nima Ronaghi, PhD
Breakout Ventures III-B, L.P. (Team); Breakout Ventures III, L.P. /DE (Team); Breakout Ventures II, L.P. (Team)
- Rebecca Nugent, PhD, Operating Partner
Breakout Ventures III-B, L.P. (Team); Breakout Ventures III, L.P. /DE (Team); Breakout Ventures II, L.P. (Team)
- Srid Iyengar, PhD
Breakout Ventures III-B, L.P. (Team); Breakout Ventures III, L.P. /DE (Team); Breakout Ventures II, L.P. (Team)
- Coco Krumme, PhD
On the team page, not linked to a fund
- Sridhar Iyengar, PhD
On the team page, not linked to a fund
- Walter Solomon
On the team page, not linked to a fund
04 · Recent deals
No dated deals found yet.
05 · Latest from the firm
No news from the firm's website yet.
06 · Sources
- HTTP://BREAKOUT.VC/
- https://breakout.vc/contact
- https://breakout.vc/about
- https://breakout.vc/portfolio
- https://breakout.vc/
Fund dates and sizes are from SEC Form D filings.
Last verified: Oct 28, 2026