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Cormorant Asset Management

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 211
Average round size
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The average size of a deal this fund participated in
$80M
Portfolio companies 159
Rounds per year 19.18
Lead investments 24
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.24
Exits 78
Key employees 2

Areas of investment

  • Biotechnology
  • Health Care
  • Medical
  • Therapeutics
  • Pharmaceutical
Summary

The main department of described VC is located in the Boston. The fund was located in North America if to be more exact in United States.

Among the most popular fund investment industries, there are Medical, Life Science. Besides, a startup needs to be aged 6-10 years to get the investment from the fund. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. The fund has no exact preference in some founders of portfolio startups. In case when startup counts 5+ of the founder, the chance for it to get the investment is meager. Among the various public portfolio startups of the fund, we may underline Audentes Therapeutics, Innovent Biologics, ZAI Lab

The increased amount of exits for fund were in 2018. The top activity for fund was in 2018. Despite it in 2019 the fund had an activity. The common things for fund are deals in the range of 50 - 100 millions dollars. When the investment is from Cormorant Asset Management the average startup value is 500 millions - 1 billion dollars. Considering the real fund results, this VC is 2 percentage points less often commits exit comparing to other organizations. This Cormorant Asset Management works on 22 percentage points more the average amount of lead investments comparing to the other organizations. The fund is constantly included in 13-24 investment rounds annually.

We also calculated 2 valuable employees in our database.

The standard case for the fund is to invest in rounds with 6-7 partakers. Despite the Cormorant Asset Management, startups are often financed by ARCH Venture Partners, Third Rock Ventures, New Enterprise Associates. The meaningful sponsors for the fund in investment in the same round are Foresite Capital, Wellington Management, EcoR1 Capital. In the next rounds fund is usually obtained by EcoR1 Capital, Visionnaire Ventures, Senvest Capital.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Cormorant Asset Management:
Typical Co-investors
Cormorant Asset Management is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Cormorant Asset Management:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Triveni Bio

Biotechnology
Health Care
Medical
Therapeutics
02 Oct 2024 Waltham, Massachusetts, United States

GC Therapeutics

$65M19 Sep 2024 Boston, Massachusetts, United States

Navigantis

Health Care
Medical
Therapeutics
$12M25 Jul 2024 Key Biscayne, Florida, United States

Adona Medical

Health Care
Medical
Medical Device
$33M10 Jul 2024 California, United States

AltruBio

Biotechnology
Health Care
Medical
$225M21 May 2024 California, United States

Attovia Therapeutics

Biotechnology
Health Care
Medical
$105M09 May 2024 Fremont, California, United States

Savage Medical

Health Care
Manufacturing
Medical Device
$30M07 May 2024 Belmont, California, United States

BlossomHill Therapeutics

Biopharma
Biotechnology
Pharmaceutical
Therapeutics
$100M02 Jan 2024 San Diego, California, United States

Synnovation Therapeutics

Health Care
Life Science
Medical
$102M14 Dec 2023 Wilmington, Delaware, United States
News
ShouTi Secures $100 Million Series B Financing to Accelerate Development of Life-Changing Medicines Fueled by Advanced Computational, Structure-Based Drug Design Platform

– ShouTi Inc. announced the close of a $100m Series B financing round.
– The round was led by BVF Partners. Additional new investors include Casdin Capital, Cormorant Asset Management, Janus Henderson Investors, Lilly Asia Ventures, Monashee Capital, Sage Partners, Stork Capital, Surveyor Capital (a Citadel company), TCG X, Terra Magnum Capital Partners, Woodline Partners, and co-founder and strategic partner Schrödinger.
– Existing investors also participated in the financing, including Eight Roads, F-Prime Capital Partners, Qiming Venture Partners, Sequoia Capital China, TF Capital and Wuxi AppTec.

Garuda Therapeutics Raises $72M in Series A Financing

– Garuda Therapeutics from Cambridge develops off-the-shelf, durable blood stem cell therapies.
– Series A funding of $72m brings company valuation to more than $1b.
– The round was led by Aisling Capital, Northpond Ventures and Orbimed, supported by Cormorant Asset Management, Ridgeback Capital Investments, Monashee Investment Management, Sectoral Asset Management, National Resilience, Inc. (Resilience), Mass General Brigham Ventures, among others.

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Total investments 211
Average round size 80M
Rounds per year 19.18
Peak activity year 2020
Lead investments 24
Follow on index 0.24
Exits 78
Group Appearance index 0.99

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Triveni Bio

Biotechnology
Health Care
Medical
Therapeutics
02 Oct 2024 Waltham, Massachusetts, United States

GC Therapeutics

$65M19 Sep 2024 Boston, Massachusetts, United States

Navigantis

Health Care
Medical
Therapeutics
$12M25 Jul 2024 Key Biscayne, Florida, United States

Adona Medical

Health Care
Medical
Medical Device
$33M10 Jul 2024 California, United States

AltruBio

Biotechnology
Health Care
Medical
$225M21 May 2024 California, United States

Attovia Therapeutics

Biotechnology
Health Care
Medical
$105M09 May 2024 Fremont, California, United States

Savage Medical

Health Care
Manufacturing
Medical Device
$30M07 May 2024 Belmont, California, United States

BlossomHill Therapeutics

Biopharma
Biotechnology
Pharmaceutical
Therapeutics
$100M02 Jan 2024 San Diego, California, United States

Synnovation Therapeutics

Health Care
Life Science
Medical
$102M14 Dec 2023 Wilmington, Delaware, United States
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