Fundraising FoxArsenal
Private equityNew York · Growth · 111 people tracked
Also known as Arsenal Capital Management Lp
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Investment thesis
Arsenal is a specialized private equity firm that concentrates on high-growth healthcare and industrial markets and technologies. It combines deep domain and technical expertise to identify market needs and opportunities, and works to build strategically important businesses that deliver long-term, sustainable value. In healthcare, the firm targets pharma services and healthcare technology and services (HCIT). In industrial growth, it focuses on innovative materials, polymers and packaging, and industrial technologies. Arsenal describes itself as a hands-on operator, emphasizing collaboration, partnership, and disciplined commercial judgment to accelerate growth and build transformative companies for all stakeholders.
Source: firm website, verified Sep 29, 2026.
Team · 111 people
from the firm's website & public directories
What they invest in
from 31 of 78 portfolio companiesAdvanced Manufacturing ×13New Materials ×11Healthtech ×9SaaS ×7AI & Machine Learning ×6Biotech ×6Consumer ×4E-commerce ×4
HQs:United States×25Switzerland×1
Investments · 78 tracked
founders shown can be your intro pathBy year:2026 · 12025 · 22023 · 12022 · 12019 · 12018 · 22017 · 52016 · 22015 · 22014 · 118 dated
Certara provides biosimulation software, modeling, and regulatory services that support drug discovery and development across discovery, preclinical, clinical, regulatory, and market access phases.
AI & Machine LearningBiotechHealthtechSaaSRadnor, US
Daniel Corcoran(SVP and General Counsel)inWilliam Feehery(CEO and Director)inJieun W. Choe(Chief Strategy & Marketing Officer)inRichard M. Traynor(Senior Vice President and General Counsel)inCraig R. Rayner(President, Integrated Drug Development)Justin Edge(President, Regulatory and Access)in
Co-investorsIaso Ventures
Aptimmune develops vaccines for swine health, partnering with vaccine development and swine health consulting companies to speed product development, testing and manufacturing.
AgTechBiotechHealthtechChampaign, US
Aaron Gilbertie(CEO)Federico Zuckermann(Executive Officer, Director)
BoardRobert Easter(Director)Paul Olivo(Director)Gary Durack(Director)
Co-investorsMissouri Technology CorporationCultivation CapitalThe Yield LabIllinois VenturesThe Yield Lab Asia Pacific
Chroma Color is a plastics color compounding company that develops and manufactures color concentrates and masterbatches for engineered thermoplastics used across various industrial applications.
Advanced ManufacturingNew MaterialsAsheboro, US
Joe Herres(Chief Executive Officer)inGary Buckland(Vice President of Operations)Peter Gallagher(Vice President, Sales & Marketing)in
Co-investorsHeartwood
Cart.com provides unified commerce and logistics software and services that enable companies to sell and fulfill orders across multiple channels.
E-commerceLogistics & Supply ChainSaaSHouston, US
Omair Tariq(Founder and CEO)inJim Jacobsen(Director)inOmair T.(Founder)inSaheb Sabharwal(Founder)inRemington Tonar, PhD(Co-founder)Jim Jacobson(Director)
Board seatJohn Trbovich· per SEC Form D · $81.2M raise · filed May 2025
Co-investorsAngel Collective Opportunity FundBeyond CapitalCapital FactoryCincyTechCollective LiquidityeGateway Capital+22 more
FilterEasy is an online retailer that sells home air filters directly to consumers, with a focus on delivery and subscription-based replacement.
ConsumerDirect to ConsumerE-commerceRaleigh, US
Thaddeus W. Tarkington(Executive Officer, Director)Kevin J. Barry(Executive Officer, Director)in
BoardSteve Dauphin(Director)David E. Gardner(Director)inLister Delgado(Director)inTom Lotrecchiano(Director)
Board seatJohn Trbovich· per SEC Form D · $7M raise · filed Jul 2017
Co-investorsCofounders CapitalElevate Innovation PartnersArsenal Growth EquityBonaventure CapitalHatteras Venture PartnersIDEA Fund Partners+2 more
Novaphos develops phosphate processing technology that reuses waste materials from existing processes to produce high-value phosphoric acid with a lower environmental footprint.
Circular EconomyCleantechEnergyNew MaterialsFort Meade, US
Joseph A. Megy(Executive Officer, Director)Mark Vignovic(Executive Officer)inJim Samuelson(Executive Officer)Scott Ritchey(Executive Officer)Evgeny Fedoseev(Executive Officer)Sanjay Pal(Executive Officer)
Board seatChristopher FountasChristopher P. Fountas· per SEC Form D · $2M raise · filed Dec 2018
Co-investorsArmilar Venture PartnersFlorida Opportunity FundStonecutter Feazel Investors
Sayari provides forensic investigation services using corporate records, trade data, and network analysis to uncover hidden risk networks across sanctions evasion, financial crime, counternarcotics, and adversary operations for law enforcement and government clients.
AI & Machine LearningEnterprise SoftwareFintechGovTechLegalTechWashington, US
Farley Mesko(Chief Executive Officer)inEric Rhoades(Executive Officer)inBenjamin Power(Executive Officer)inDavid Asher(Executive Officer)in
BoardMike Zappert(Director)Benjamin Cukier(Director)
Board seatJohn Trbovich· per SEC Form D · $10.1M raise · filed Apr 2020
Co-investorsIn-Q-TelCentana Growth PartnersCentana PartnersIronGate Capital AdvisorsJoule VenturesLavrock Ventures+3 more
SimSpace provides a cyber range platform where security teams train, test, and operationalize AI agents and human analysts in a realistic digital replica of their production environment.
AI & Machine LearningCybersecuritySaaSBoston, US
William Edward Hutchison, Jr.(Executive Officer, Director)Lee Milhem Rossey(Chief Technology Officer & Co-Founder)William "Hutch" Hutchison(Co-Founder)inJames Gerber(Executive Officer)inPeter Lee(Chief Executive Officer)in
Board seatJason Rottenberg· per SEC Form D · $55M raise · filed Dec 2023
Co-investorsCommunitas Capital PartnersL2 Point Management
Zentila is a free venue sourcing platform that lets meeting and event planners create RFPs, search a database of hotels and venues worldwide, compare bids side by side, and book events.
Enterprise SoftwareSaaSTravel & HospitalityOrlando, US
Andrew Bagley(Executive Officer)Michael J. Mason(Executive Officer, Director)
BoardVincent Olmstead(Director)Matthew Avril(Director)David C. Mason(Director)
Board seatJason Rottenberg· per SEC Form D · $2.5M raise · filed May 2016
Co-investorsvenVeloVocap PartnersArsenal Growth Equity
ATP develops and manufactures client-specific, solvent-free and water-based adhesive tapes and films, and also provides end-to-end medical device manufacturing.
Advanced ManufacturingMedical DevicesNew MaterialsWollerau, CH
AvCarb Material Solutions develops and manufactures advanced carbon materials, including carbon fiber and carbon-based products, for industries such as transportation, aerospace and defense, energy/electrochemical applications, and sport fishing.
Advanced ManufacturingEnergyNew Materials
Chris Holmesin
Biospecimens and other products for drug discovery and development
Co-investorsThompson Street Capital Partners
Charter Brokerage provides customs brokerage services including duty drawback recovery, Superfund tax credits, foreign trade zone and bonded warehouse management, import/export clearance, compliance, and consulting for companies with complex supply chains.
Logistics & Supply Chain
Co-investorsSummit Park
CPS Performance Materials is a specialty chemicals company operating businesses that produce and supply performance materials.
Advanced ManufacturingNew Materials
Deck Commerce provides an order management system for direct-to-consumer brands, unifying inventory and fulfillment across channels and systems with automated order routing, real-time inventory, and returns handling.
E-commerceRetail TechSaaSSt. Louis, US
Christopher Deck(Director and Chief Executive Officer)in
BoardBrook Critchfield(Director)inDan Geraty(Director)Pete Reinecke(Director)
Co-investorsRiverside Acceleration CapitalPlymouth Growth
Invio Automation provides end-to-end industrial automation solutions including robotics, automated guided vehicles (AGVs), vision systems, and precision dispensing for manufacturing.
Advanced ManufacturingIoTRobotics
Co-investorsLFM Capital, LLC
Hopebridge operates autism therapy centers across the U.S. that provide applied behavior analysis (ABA), occupational therapy, speech therapy, feeding therapy, and diagnostic assessments for children with autism spectrum disorder, from 15 months to 10 years old.
Digital HealthHealthtechMental HealthKokomo, US
Kimberly Strunk(President)W. Herbert Senft, II(Secretary and Treasurer)
BoardBryan Smith(Chairman)Steve Cosler(Director)JoAnne Jonathan(Director)
Co-investorsBaird Capital
Inhance Technologies develops specialty chemicals, gases, and material technologies for customers across agriculture, healthcare, automotive, and electronics industries.
Advanced ManufacturingAgTechDeep TechNew Materials
Co-investorsAurora CapitalAurora Capital Partners
Invio Automation is a full-service industrial automation provider that designs, builds, and supports systems for manufacturers, including AGVs, robotic assembly cells, controls engineering, machine vision, leak testing, and precision dispensing.
Advanced ManufacturingRobotics
Knowtion Health provides post-claim revenue-cycle management services for hospitals and health systems, using a proprietary AI and machine-learning platform plus specialized staff to recover owed revenue, prioritize claim management, and identify missed revenue streams.
AI & Machine LearningHealthtechSaaS
Jayson Yardleyin
Kypha develops clinical diagnostic tests for immune system biomarkers, particularly complement activity markers, and provides solutions for real-time immune insights across therapeutic areas.
BiotechDeep TechHealthtechMedical DevicesSt. Louis, US
Nick Staten(Executive Officer)inT. Scott Glover(Executive Officer)inPaul K. Olson(Executive Officer, Director)
BoardDavid Smoller(Director)inJames D. Marselis(Director)Peter Reinecke(Director)in
Co-investorsBioGenerator VenturesMissouri Technology CorporationSerra Ventures
Lumanity provides consulting services across strategy, evidence generation, stakeholder engagement, and technology and AI to support pharmaceutical and life sciences companies in bringing medicines to patients.
AI & Machine LearningBiotechHealthtech
Jon Williamsin
Co-investorsSvoboda Capital Partners
OncoHealth develops software and services to help health plans, employers, and oncologists manage cancer care and reduce treatment complexity.
Digital HealthHealthtechMedical DevicesMental HealthSaaS
Jon Maack(Chief Executive Officer)in
Co-investorsBaird CapitalBlue Venture FundsCobalt VenturesMcKesson VenturesOak HC/FTSand Hill Angels
Polyventive develops chemical formulations and product enhancements for consumer markets including household products, personal care, textiles, and carpets.
Advanced ManufacturingConsumerNew Materials
Rancho Biosciences provides biomedical data services covering strategy, curation, bioinformatics, engineering, analytics, and AI-ready data products for life sciences and pharmaceutical R&D teams.
AI & Machine LearningBiotechData & Infrastructure
Julie Bryant(Founder)in
Seal For Life Industries manufactures protective coatings for critical infrastructure, including insulation coatings, visco-elastic adhesives, corrosion prevention, fire and temperature protection, and cathodic protection products.
Advanced ManufacturingCleantechNew Materials
Sirrus develops chemical building blocks based on patented methylene malonate monomers and oligomeric crosslinkers that polymerize anionically at ambient temperatures.
Advanced ManufacturingCleantechDeep TechNew MaterialsLoveland, US
Bernard Malofsky(Executive Officer)inJeff Uhrig(President, Chief Executive Officer, Secretary and Treasurer)inRobert Smith(Executive Officer)Adam Malofsky(Director)
BoardWilliam Lese(Director)inDoug Cameron(Director)
Co-investorsBraemar Energy VenturesCincyTechMitsui Global Investment
Spartech engineers and manufactures plastic sheet and specialty materials, sourcing most raw materials in the United States and operating facilities close to its customers.
Advanced ManufacturingCircular EconomyNew Materials
Andy Filson(President & CEO)Kevin Duffy(Executive Vice President, Sales & Marketing)in
Co-investorsNautic Partners
Velcro Companies designs and manufactures hook-and-loop fasteners and related closure products, including consumer items and solutions for the footwear and apparel industries.
Advanced ManufacturingConsumerNew Materials
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
CoconaEdbloxFrontline Technology SolutionsIngagePatientOn Demand TechnologiesPlumSlice Labs3DR LabsAccellaAirnovAppistryApplied AdhesivesChroma ColorChromafloDG3EliteEndpoint And NeovanceEpic SciencesFenziFlowchemFralockGenoviqueHeadwallIDQIGMInnovative Medical Device SolutionsKel-TechMAXhealthMeridian AdhesivesNovolyte TechnologiesPharma Value DemonstrationPolycorpPolytekPowerPostPriority SolutionsRenaissance MarkRevolutionRoyal AdhesivesScientific Protein LaboratoriesSermatechSolvairaSource Refrigeration & HVACTallyGenicomThermosafeTractManagerVertellus SpecialtiesVetellus SpecialtiesWCG
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Exits · 3
1 IPOs · 2 acquisitions · showing 1CertaraNASDAQ: CERT
Portfolio news
latest coverage across their companiesVelcro Companies · prnewswire.com · May 26, 2026
Cart Com · houston.innovationmap.com · Mar 5, 2026
Invio Automation · invioautomation.com · Feb 2, 2026
Simspace · finsmes.com · Oct 30, 2025
AvCarb · avcarb.com · Apr 18, 2025
Fund performance · per public LP disclosures · 12
as of Sep 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Arsenal Capital Partners GrowthLPs: California Public Employees' Retirement System, Oregon Public Employees Retirement System, The Regents of the University of California +2 more | 2021 | — | -20.6% | 0.73x | 0.30x |
| Arsenal Capital Partners VILPs: The Regents of the University of California, California State Teachers' Retirement System, California Public Employees' Retirement System +5 more | 2021 | — | -3.2% | 0.94x | 0.05x |
| Arsenal Capital Partners V LPLPs: The Regents of the University of California, California State Teachers' Retirement System, Minnesota State Board of Investment +1 more | 2019 | — | 6.9% | 1.36x | 0.32x |
| Arsenal Capital Partners IVLPs: The Regents of the University of California, California State Teachers' Retirement System, Surdna Foundation Inc | 2016 | — | 16.0% | 1.68x | 1.27x |
| Arsenal Capital Partners IIILPs: The Regents of the University of California, Teachers' Retirement System of Oklahoma, Surdna Foundation Inc | 2012 | — | — | 2.25x | 2.18x |
| Arsenal Capital Partners IILPs: New York City Police Pension Fund | 2006 | — | 12.1% | 1.95x | 1.95x |
| Arsenal Capital Partners II, L PLPs: The Regents of the University of California | 2006 | — | 20.5% | 2.85x | 2.16x |
| Arsenal Capital Partners II, L.P.LPs: The Regents of the University of California, New York City Employees' Retirement System, New York City Police Pension Fund +2 more | 2006 | — | 12.1% | 1.95x | 1.95x |
| Arsenal Capital Partners QP IILPs: The Regents of the University of California | 2006 | — | 12.1% | 1.81x | 1.81x |
| Arsenal Capital Partners QPFLPs: The Regents of the University of California | 2003 | — | 18.0% | 1.56x | 1.56x |
| Arsenal Capital Partners QPF BLPs: The Regents of the University of California | 2003 | — | 17.6% | 1.54x | 1.54x |
| Arsenal Capital Partners Fund, L.P.LPs: The Regents of the University of California | 2001 | — | 18.7% | 1.85x | 1.81x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- How many investments has Arsenal made?
- Arsenal has 78 tracked investments, 3 of which have exited, including 3 dated in the last 24 months.
- What stage does Arsenal invest at?
- Arsenal invests at the Growth stage.
- What sectors does Arsenal focus on?
- Arsenal focuses on AI & Machine Learning, Biotech, Digital Health, Healthtech.
- Where is Arsenal located?
- Arsenal is headquartered in New York, US.
- Who does Arsenal co-invest with?
- Arsenal most often shares deals with Baird Capital, Blue Venture Funds, McKesson Ventures, among 12 tracked co-investors.
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