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Pappas Ventures

SEC exempt reporting adviser (venture capital exemption).

HQ
NC

Pappas Ventures, through Pappas Capital, invests exclusively in the life science sector, including biotechnology, biopharmaceuticals, drug delivery and medical devices. Its portfolio includes Altay Therapeutics, 4DMT, Curzion Pharmaceuticals and Afferent. It also runs the Catalyst Fund, a partnership with Wake Forest University Health Sciences that funds translational life science technologies, with possible seed investments in start-ups.

01 · Says / Does

TagSaysDoes
StagesPre-seed, Seed, GrowthNot enough dated deals
SectorsBiotech, Medical devices, Life sciences and research toolsNot enough dated deals
RegionsGlobal, NCNot enough dated deals

Says: what the firm's funds state. Does: from 0 dated deals in the last 24 months.

02 · Fund history

FundYearSizeStatus
LeVert Ventures, LP

Pappas Capital invests in life science companies, including biotechnology, biopharmaceuticals, drug delivery and medical devices. It also funds translational life science technologies, with possible seed investments in start-ups, and backs next-generation life science companies from concept to commercialization. Inferred from the firm's website

approx. 2024$50M (Form D)Open, writing first checks
Pappas Life Science Ventures VI, LP

Pappas Capital invests in life science companies, including biotechnology, biopharmaceuticals, drug delivery and medical devices. It also funds translational life science technologies, with possible seed investments in start-ups, and backs next-generation life science companies from concept to commercialization. Inferred from the firm's website

approx. 2022$250M (Form D)Late investment period
PV VI CEO Fund, LP

Pappas Capital invests in life science companies, including biotechnology, biopharmaceuticals, drug delivery and medical devices. It also funds translational life science technologies, with possible seed investments in start-ups, and backs next-generation life science companies from concept to commercialization. Inferred from the firm's website

approx. 2022$25M (Form D)Late investment period
Asia Innovation Ventures, LP2021$200M (Form D)Follow-ons only

03 · People across funds

04 · Recent deals

No dated deals found yet.

05 · Latest from the firm

No news from the firm's website yet.

06 · Sources

  1. https://www.pappas-capital.com
  2. https://www.pappas-capital.com/portfolio/
  3. https://www.pappas-capital.com/pappas-specialized-funds/
  4. https://www.pappas-capital.com/wake-forest-innovation-catalyst-fund/
  5. https://www.pappas-capital.com/for-entrepreneurs/

Fund dates and sizes are from SEC Form D filings.

Last verified: Oct 28, 2026