Fundraising Fox

Bay City Capital

Venture capital

San Rafael · Seed–Late Stage · 8 people tracked

Also known as BAY CITY CAPITAL LLC

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Investment thesis

Bay City Capital is a life sciences investment firm that invests across a diversified strategy from seed stage to public companies, concentrating largely on the development of breakthrough therapeutics. In this initiative it partnered with Takeda, Deerfield Management, and three leading New York research institutions (Memorial Sloan Kettering, The Rockefeller University, and Weill Cornell Medicine) to launch Bridge Medicines, a drug discovery company that funds and professionally manages early-stage academic projects from proof-of-concept through IND filing and clinical development.

Source: firm website, verified Aug 11, 2026.

Stage
Seed–Late Stage
Check
$5M – $10M
HQ
San Rafael, California, US
Instruments
Equity
Founded
1997
Last 12 months
1 investment
AUM
$1.6B
VC funds
2
Tracked investments
82

Team · 8 people

from the firm's website & public directories
Larry Clay· Professional Staff
Manuel Lopez-Figueroa· Advisor, PhD
Susan Vuong· Professional Staff

What they invest in

from 22 of 82 portfolio companies

Biotech ×17Healthtech ×9Medical Devices ×4Digital Health ×2Consumer ×1Deep Tech ×1New Materials ×1Semiconductors ×1

HQs:United States×20Switzerland×2

Investments · 82 tracked

founders shown can be your intro path

By year:2025 · 12019 · 12017 · 22016 · 22015 · 28 dated

Damora TherapeuticsNASDAQ: DMRANov 2025SEC filingmedium confidence

Advancing potentially best-in-class therapeutics for myeloproliferative neoplasms.

Copenhagen, US

Board seatCarl Goldfischer· per SEC Form D · $285M raise · filed Nov 2025

ImaraNASDAQ: ELVNMar 2019

BiotechCambridge, US

Sara Nayeem(Director)Barbara Dalton(Director)David Mott(Director)Robert Hopfner(Director)Mette Kirstine Agger(Director)James G. McArthur(Executive Officer, Director)

Board seatCarl Goldfischer· per SEC Form D

AntriaBioNASDAQ: RZLT

BiotechLouisville, US

Hoyoung Huh(Director, Executive Officer)Sankaram Mantripragada(Executive Officer)Nevan Charles Elam(Executive Officer, Director)Barry Sherman(Director)Morgan Lynn Fields(Executive Officer)

Gossamer Biogossamerbio.comin𝕏NASDAQ: GOSS

Gossamer Bio is a clinical-stage biopharmaceutical company developing seralutinib, an investigational drug candidate for treating pulmonary arterial hypertension and pulmonary hypertension associated with interstitial lung disease.

BiotechDigital HealthMedical DevicesSan Diego, US

Bryan Giraudo(Executive Officer)Faheem Hasnain(Executive Officer, Director)Russell Cox(Director)Renee Gala(Director)Laura Carter, Ph.D.(Executive Officer)Christian Waage(Executive Officer)

NextCureNASDAQ: NXTC
Ptc TherapeuticsNASDAQ: PTCT

BiotechSouth Plainfield, US

Dawn Svoronos(Director)Stuart W. Peltz(Executive Officer, Director)David P. Southwell(Director)Allan S. Jacobson(Director)Mark E. Boulding(Executive Officer)Christine Utter(Executive Officer)

Twist Biosciencetwistbioscience.comin𝕏NASDAQ: TWST

Twist Bioscience develops a silicon-based synthetic DNA manufacturing platform that produces high-quality DNA, genes, and NGS reagents for customers in medicine, agriculture, and industrial chemicals.

BiotechDeep TechSemiconductorsSouth San Francisco, US

Emily Marine Leproust(Executive Officer, Director, Promoter)William Charles Banyai(Executive Officer, Director, Promoter)Bill James Peck(Executive Officer, Promoter)Rob Chess(Director)

BoardKeith Crandell(Director)Paul Conley(Director)

Xilio Therapeuticsxiliotx.cominNASDAQ: XLO

Xilio (Xilio Therapeutics) is a clinical-stage biotechnology company developing tumor-selective immunotherapies, including checkpoint inhibitors, T cell engagers and related molecules, for the treatment of cancer.

BiotechHealthtechWaltham, US

Paul Clancy(Director)Daniel Curran(Director)Nancy Hong(Director)Rachel Humphrey(Director)Daniel Lynch(Director)Michael Ross(Director)

EnteroMedicsMay 2017

HealthtechSt Paul, US

Gary D Blackford(Director)Dan W Gladney(Executive Officer, Director)Scott P Youngstrom(Executive Officer)Rajesh Nihalani(Executive Officer)Peter M DeLange(Executive Officer)Bobby I Griffin(Director)

Board seatCarl Goldfischer· per SEC Form D

Sidecar TherapeuticsSep 2016SEC filingmedium confidence

HealthtechSan Diego, US

Robert Williamson(Executive Officer, Director, Promoter)John Hutchinson(Executive Officer)Vanessa Jacoby(Executive Officer)Rupert Vessey(Director)

Board seatCarl Goldfischer· per SEC Form D · $3M raise · filed Sep 2016

SynGenMar 2015

BiotechSacramento, US

Woodrow A. Myers, Jr.(Director)Vic Schmitt(Director)Chuck Novak(Vice President and Chief Financial Officer of the Issuer)George Barry(Co-Founder of Issuer)Philip H. Coelho(Chief Technology Officer and Co-Founder of Issuer)William Gerber(Chief Executive Officer and President of Issuer)

Board seatCarl Goldfischer· per SEC Form D

Accriva Diagnostics
Aciex
Amerifit Nutrition
Aqua Bounty Tech
Aragon Surgical
Ascendancy Healthcare
Bioren
BioSeek
Blade Therapeutics

BiotechSouth San Francisco, US

Cameron Wheeler(Director)Elaine Jones(Director)Wendye Robbins(Executive Officer, Director)William Slattery(Director)James Scopa(Director)

BoardLuke Evnin(Director)

Cadence Pharmaceuticals
Calypso Medical
Chemdex
Conatus Pharma
Cydan
Cymabaycymabay.comin𝕏Aug 2015

Gilead Sciences is a biopharmaceutical company that develops medicines across virology, oncology, and inflammation, with more than 25 medicines offered globally and a clinical pipeline spanning these three therapeutic areas.

BiotechHealthtechNewark, US

Harold Van Wart, Ph. D.(Executive Officer, Director)Carl Goldfischer, M.D.(Director)Pol Boudes(Executive Officer)Kurt von Emster(Director)Hari Kumar, Ph.D.(Director)Charles A. McWherter, Ph. D.(Executive Officer)

Dermiradermira.com

HealthtechMenlo Park, US

LUIS PENA(Executive Officer)CHRISTOPHER GRIFFITH(Executive Officer)KATHLEEN SEBELIUS(Director)DAVID E. COHEN(Director)THOMAS G. WIGGANS(Executive Officer, Director)EUGENE A. BAUER(Executive Officer, Director)

Eos Biotechnology
Epizyme
Epoch Biosciences
Epocratesepocrates.com𝕏
GenturaDx
Gritstone Oncologygritstoneoncology.comin
Hyperion Therapeutics
Idev Technologies
Incyte Genomics
Ingenuity Systems
Intarcia TherapeuticsDec 2016

Biopharmaceutical company developing innovative therapies for chronic diseases using proprietary drug delivery systems.

BiotechBoston, US

James Ahlers(Executive Officer)Irwin Scher(Director)John Yee(Executive Officer)Sunita Zalani(Executive Officer)Raymond T. Keane(Executive Officer)Emad Rizk(Director)

Interleukin Genetics

BiotechWatham, US

Joseph Landstra(Director)Kenneth Kornman(Executive Officer, Director)Roger Colman(Director)Dayton Misfeldt(Director)Stephen DiPalma(Executive Officer)James Weaver(Director)

Ion Torrent Systems
Itamar Medical
Iterum Therapeuticsiterumtx.com

Iterum Therapeutics develops anti-infective compounds to treat infections caused by multi-drug resistant pathogens.

BiotechDigital HealthHealthtechMedical DevicesDublin, US

Brenton K. Ahrens(Director)Michael W. Dunne(Executive Officer, Promoter)Ronald M. Hunt(Director)Mark Chin(Director)Corey N. Fishman(Executive Officer, Director, Promoter)Robert Hopfner(Director)

Kbpbiokbpbio.com

KBP is a biotechnology research and development organization that discovers and develops new therapies for unmet medical needs.

Biotech

Kezar Life Scienceskezarlifesciences.comin𝕏

BiotechSouth San Francisco, US

John F. Fowler(Executive Officer, Director)Dr. Gerald Chan(Director)Dr. Jean-Pierre Sommadossi(Director)Christopher J. Kirk(Executive Officer, Director)

Lex
Ljl Biosystems
Madrigalmadrigalpharma.comin𝕏

Madrigal is a biopharmaceutical company developing therapeutics for metabolic dysfunction-associated steatohepatitis (MASH), a serious progressive liver disease.

BiotechHealthtech

Map Pharmaceuticals
Maxia Pharma
Medarex
Menlo Therapeutics
Merus Biopharma
NeoRx
Nevro
Nextwavepharmanextwavepharma.com

QUILLIVANT XR is a prescription medication containing methylphenidate, indicated for ADHD treatment.

Medical DevicesNew Jersey, US

Nupathe Pharma
Oculex Pharmaceuticals
Oculisoculis.comin

Oculis is a biopharmaceutical company developing pharmaceutical drug products, with a focus on ophthalmic and eye disease treatments.

BiotechHealthtechMedical DevicesBoston, CH

Riad Sherif(Chief Executive Officer)

Omegatech
Omicia

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 · 8

IPOs and acquisitions across the tracked portfolio

Damora TherapeuticsNASDAQ: DMRAImaraNASDAQ: ELVNAntriaBioNASDAQ: RZLTGossamer BioNASDAQ: GOSSNextCureNASDAQ: NXTCPtc TherapeuticsNASDAQ: PTCTTwist BioscienceNASDAQ: TWSTXilio TherapeuticsNASDAQ: XLO

Portfolio news

latest coverage across their companies

Frequently asked questions

What stage does Bay City Capital invest at?
Bay City Capital invests at the Seed, Series A, Series B, Series C, Growth, Late Stage stages.
What is Bay City Capital's typical check size?
Bay City Capital typically writes checks of $5M – $10M.
What sectors does Bay City Capital focus on?
Bay City Capital focuses on Biotech, Digital Health, Enterprise Software, Healthtech, Medical Devices.
Where is Bay City Capital located?
Bay City Capital is headquartered in San Rafael, US.

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