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Ra Capital Management, LP

SEC-registered investment adviser.

HQ
MA

Ra Capital Management, LP founds, funds, and scales companies across healthcare and planetary health. Its leadership includes Managing Partners Peter Kolchinsky, Rajeev Shah, and Kyle Teamey, along with several partners and principals. Portfolio companies include Abcuro, which develops KLRG1-targeting therapies, Koloma, which produces low-carbon geologic hydrogen, and Avalanche, which develops compact fusion machines for clean power. Aliada Therapeutics was acquired by AbbVie, and Cidara Therapeutics was acquired by Merck.

01 · Says / Does

TagSaysDoesHistorically (to 2020)
StagesSeed, Series A, Series B, GrowthNot enough dated dealsGrowth, Series B, Series A
SectorsBiotech, Energy, Agtech, ManufacturingNot enough dated dealsBiotech, Healthtech, Medical devices
RegionsGlobalNot enough dated dealsCA, MA

Says: what the firm's funds state. Does: from 1 dated deal in the last 24 months.

Historical focus (through 2020), derived from historical deal data.

YearDealsTop sectors
20061Biotech
20101Biotech, Healthtech, Medical devices
20111Biotech, Healthtech, Medical devices
20123Biotech, Healthtech, Medical devices
20136Biotech, Healthtech, Advanced materials
201414Biotech, Healthtech, Medical devices
201531Biotech, Healthtech, Medical devices
20169Healthtech, Biotech, Medical devices
201713Biotech, Healthtech, Medical devices
201820Biotech, Healthtech, Medical devices
201917Biotech, Healthtech, Medical devices
202016Biotech, Healthtech, Life sciences and research tools

Stage mix over time

2010 Growth: 1102011 Growth: 1112012 Series B: 12012 Growth: 1122013 Series B: 12013 Growth: 2132014 Series B: 12014 Growth: 10142015 Series A: 32015 Series B: 112015 Growth: 8152016 Seed: 12016 Series B: 22016 Growth: 4162017 Series A: 12017 Series B: 42017 Growth: 4172018 Series A: 52018 Series B: 82018 Growth: 5182019 Series A: 32019 Series B: 82019 Growth: 4192020 Series A: 42020 Series B: 42020 Growth: 620212223242526
  • Pre-seed
  • Seed
  • Series A
  • Series B
  • Growth
Share of rounds by stage, per year. Striped years have fewer than 3 rounds.Historical focus (through 2020), derived from historical deal data.
Rounds by stage and year
YearPre-seedSeedSeries ASeries BGrowth
201000001
201100001
201200011
201300012
2014000110
2015003118
201601024
201700144
201800585
201900384
202000446
202100000
202200000
202300000
202400000
202500000
202600000

02 · Fund history

FundYearSizeStatus
RA Capital Planetary Health Fund, L.P.

RA Capital founds, funds, and scales companies across healthcare and planetary health, from seed to IPO. In planetary health it backs companies with near-term paths to market that commercialize scalable, profitable solutions that reduce emissions, increase resource availability, or restore environmental quality. Inferred from the firm's website

2023$122.2M (Form D)Open, writing first checks
RA Capital Planetary Health International Fund, L.P.

RA Capital founds, funds, and scales companies across healthcare and planetary health, from seed to IPO. In planetary health it backs companies with near-term paths to market that commercialize scalable, profitable solutions that reduce emissions, increase resource availability, or restore environmental quality. Inferred from the firm's website

2023$30.25M to $62.25M (Form D and SEC adviser filing)Open, writing first checks
RA Capital Nexus Fund III, L.P.2021$880.99M to $1048.72M (Form D and SEC adviser filing)Follow-ons only
RA Capital Nexus International Fund III, L.P.2021$880.99M to $1048.72M (Form D and SEC adviser filing)Follow-ons only

03 · People across funds

04 · Recent deals

  • Sep 29, 2025ARS Pharmaceuticals, Inc. (ARS Pharma)Stage unknownFirmsource

05 · Latest from the firm

06 · Sources

  1. HTTP://WWW.RACAP.COM
  2. https://www.racap.com/contact
  3. https://www.racap.com/portfolio
  4. https://www.racap.com/news-events/ra-capital-management-funds-expansion-of-ars-pharma-commercial-activity-expands-portfolio-of-financing-solutions-for-innovative-healthcare-companies
  5. https://www.racap.com/team
  6. https://www.racap.com/fund-your-company
  7. https://www.racap.com/
  8. https://www.racap.com/news-events/ra-capital-management-announces-120-million-planetary-health-fund
  9. https://www.racap.com/portfolio?domain=planetary-health

Fund dates and sizes are from SEC Form D filings.

Last verified: Oct 28, 2026