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 25, 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
83

Team · 8 people

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

What they invest in

from 30 of 83 portfolio companies

Biotech ×23Healthtech ×13Medical Devices ×8Digital Health ×3Consumer ×2Deep Tech ×2AI & Machine Learning ×1Direct to Consumer ×1

HQs:United States×27Switzerland×2

Who they back

founder profiles across 14 portfolio companies
36%
solo founders
5 of 14 mapped founding teams

Founding team size:solo founder×52 founders×43 founders×34+ founders×2

Investments · 83 tracked

founders shown can be your intro path

By year:2025 · 12019 · 12017 · 22016 · 22015 · 22014 · 210 dated

Damora TherapeuticsNASDAQ: DMRANov 2025SEC filingmedium confidence

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

BiotechCopenhagen, US

Garrett Winslow(Executive Officer)Lori Firmani(Executive Officer)Hans T. Schambye(Executive Officer, Director)

BoardChristopher Cain(Director)Peter Harwin(Director)

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

Co-investorsAccess BiotechnologyEIR Ventures

ImaraNASDAQ: ELVNMar 2019

BiotechCambridge, US

James G. McArthur(Executive Officer, Director)Christoph M. Adams(Executive Officer, Director)

BoardSara Nayeem(Director)Barbara Dalton(Director)David Mott(Director)Robert Hopfner(Director)

Board seatCarl Goldfischer· per SEC Form D

Co-investorsNew Enterprise Associates (NEA)RA CapitalArix BioscienceOrbiMed

AntriaBioNASDAQ: RZLT

BiotechLouisville, US

Nevan Elam(Executive Officer, Director)Sankaram Mantripragada(Executive Officer)Nevan Charles Elam(Executive Officer, Director)Morgan Lynn Fields(Executive Officer)

BoardHoyoung Huh(Director, Executive Officer)Barry Sherman(Director)

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

Faheem Hasnain(Executive Officer, Director)inChristian Waage(Executive Officer)inSheila Gujrathi, MD(Founder)inBryan Giraudo(Executive Officer)Laura Carter, Ph.D.(Executive Officer)Joshua Bilenker, M.D.(Director)

Co-investorsARCH Venture PartnersEcoR1 CapitalFoothill VenturesNew Enterprise Associates (NEA)Samsara BioCapital

NextCurenextcure.comNASDAQ: NXTC

Nextcure is a clinical-stage biopharmaceutical company developing immunotherapies targeting IO pathways, with a focus on oncology applications.

BiotechBeltsville, US

Michael Richman(Executive Officer, Director)Timothy Mayer(Executive Officer)Udayan Guha(Executive Officer)Steven P. Cobourn(Executive Officer)Sourav Kundu(Executive Officer)Kevin Shaw(Executive Officer)

Co-investorsCanaan PartnersLAVLilly Asia VenturesPfizer Venture InvestmentsQuan CapitalSofinnova Ventures+2 more

Ptc TherapeuticsNASDAQ: PTCT

BiotechSouth Plainfield, US

Stuart W. Peltz(Executive Officer, Director)Allan S. Jacobson(Director)Mark E. Boulding(Executive Officer)Christine Utter(Executive Officer)Marcio Souza(Executive Officer)Neil Almstead(Executive Officer)

Co-investorsLongwood Fund

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)Emily Leproust(Founder)in

BoardKeith Crandell(Director)Paul Conley(Director)in

Co-investors+ND Capital3E Bioventures CapitalARCH Venture PartnersAsset Management CompanyBlack Opal VenturesDentsu Ventures+7 more

Xilio Therapeuticsxiliotx.cominNASDAQ: XLO

Xilio Therapeutics is a clinical-stage biotechnology company developing masked immuno-oncology therapies that use protein engineering to remain inactive until activated by tumor-specific proteases within the tumor microenvironment.

BiotechHealthtechWaltham, US

Rene Russo(Executive Officer, Director)inJoseph Farmer(Executive Officer)Timothy Clackson(Executive Officer)Paul Clancy(Director)Daniel Curran(Director)Nancy Hong(Director)

Co-investorsBain Capital Life SciencesF-Prime CapitalM VenturesMRL Ventures FundRA CapitalRiverVest Venture Partners+4 more

EnteroMedicsMay 2017

HealthtechSt Paul, US

Dan W Gladney(Executive Officer, Director)Scott P Youngstrom(Executive Officer)Rajesh Nihalani(Executive Officer)Peter M DeLange(Executive Officer)Paul F Hickey(Executive Officer)Naqeeb A Ansari(Executive Officer)

Board seatCarl Goldfischer· per SEC Form D

Sidecar TherapeuticsSep 2016SEC filingmedium confidence

HealthtechSan Diego, US

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

BoardRupert Vessey(Director)

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

SynGenMar 2015

BiotechSacramento, US

George Barry(Co-Founder of Issuer)Philip H. Coelho(Chief Technology Officer and Co-Founder of Issuer)Chuck Novak(Vice President and Chief Financial Officer of the Issuer)William Gerber(Chief Executive Officer and President of Issuer)

BoardWoodrow A. Myers, Jr.(Director)

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

Wendye Robbins(Executive Officer, Director)

BoardLuke Evnin(Director)inCameron Wheeler(Director)Peter van Vlasselaer(Director)Elaine Jones(Director)William Slattery(Director)

Co-investorsOUP (Osage University Partners)Pfizer Venture Investments+ND CapitalMPM BioImpact

Cadence Pharmaceuticals

Co-investorsNew Enterprise Associates (NEA)

Calypso Medical
Chemdex
Civitas Therapeuticscivitastherapeutics.comAug 2014

BiotechChelsea, US

RICHARD BATYCKY(Executive Officer)GLENN BATCHELDER(Director)BRYAN STUART(Executive Officer)MARK IWICKI(Executive Officer, Director)MARTIN FREED(Executive Officer)

BoardROB HOPFNER(Director)

Co-investorsCanaan PartnersSofinnova VenturesLongitude CapitalOrbiMedRA Capital

Conatus Pharma
Cydan
Cymabaycymabay.comin𝕏Aug 2015

Gilead Sciences is a biopharmaceutical company headquartered in Foster City, California that discovers, develops, and delivers medicines across virology, oncology, and inflammation.

BiotechHealthtechMedical DevicesNewark, US

Harold Van Wart, Ph. D.(Executive Officer, Director)Pol Boudes(Executive Officer)Charles A. McWherter, Ph. D.(Executive Officer)Sujal Shah(Executive Officer)

BoardCarl Goldfischer, M.D.(Director)Kurt von Emster(Director)

Co-investorsAvoro Capital AdvisorsForesite CapitalVantagePoint Capital Partners

Dermiradermira.com

HealthtechMenlo Park, US

THOMAS G. WIGGANS(Executive Officer, Director)EUGENE A. BAUER(Executive Officer, Director)Christopher M. Griffith(Executive Officer, Promoter)Luis C. Pena(Executive Officer, Promoter)Thomas G. Wiggans(Executive Officer, Director, Promoter)Eugene A. Bauer(Executive Officer, Director, Promoter)

Co-investorsAisling CapitalCanaan PartnersForesite CapitalNew Enterprise Associates (NEA)Fidelity InvestmentsQiming Healthcare+1 more

Eos Biotechnology
Epizyme
Epoch Biosciences
Epocratesepocrates.comin𝕏

David Minkinin

Co-investorsMillennium Technology Value PartnersThreshold Ventures

GenturaDx
Gritstone Oncologygritstoneoncology.comin

Nexoplex Bio develops immunotherapies that target tumor cells through recognition of HLA-peptide complexes using multi-specific antibodies, addressing tumor types including lung, gastric, esophageal, head and neck, cervical cancers, and lung squamous cell carcinoma.

BiotechDeep TechHealthtechSan Carlos, US

Wayne(CEO)Rachel(VP of Operations)

Co-investorsGV (Google Ventures)LAVLilly Asia Ventures

Hyperion TherapeuticsJun 2014

Addressing unmet needs in gastroenterology and hepatology.

BiotechBrisbane, US

Christine Nash(Executive Officer)Natalie Holles(Executive Officer)Ashley Gould(Executive Officer)Donald J. Santel(Executive Officer)Klara A. Dickinson(Executive Officer)Bruce F. Scharschmidt(Executive Officer)

Co-investorsSofinnova Ventures

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)John Yee(Executive Officer)Sunita Zalani(Executive Officer)Raymond T. Keane(Executive Officer)Thomas Alessi(Executive Officer)Owen Hughes, Jr.(Executive Officer)

Co-investorsCycad Group LLCForesite CapitalNXT Ventures

Interleukin Geneticsin

BiotechWatham, US

Kenneth Kornman(Executive Officer, Director)inStephen DiPalma(Executive Officer)

BoardJoseph Landstra(Director)Lionel Carnot(Director)Dayton Misfeldt(Director)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

Michael W. Dunne(Executive Officer, Promoter)Corey N. Fishman(Executive Officer, Director, Promoter)Judith M. Matthews(Executive Officer, Promoter)Jeff Schaffnit(Executive Officer)

BoardBrenton K. Ahrens(Director)Ronald M. Hunt(Director)

Co-investorsCanaan PartnersSofinnova VenturesFrazier Life SciencesSofinnova Venture Partners

Kbpbiokbpbio.com

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

Biotech

Co-investorsHM Venture Partners

Kezar Life Scienceskezarlifesciences.comin𝕏

BiotechSouth San Francisco, US

John F. Fowler(Executive Officer, Director)Christopher J. Kirk(Executive Officer, Director)

BoardDr. Gerald Chan(Director)Dr. Jean-Pierre Sommadossi(Director)

Co-investorsChiesi VenturesPappas CapitalSolasta Ventures

Lex
Ljl Biosystems
Madrigalmadrigalpharma.comin𝕏

Madrigal Pharmaceuticals is a biopharmaceutical company developing treatments for metabolic-associated steatohepatitis (MASH).

BiotechHealthtechMedical DevicesConshohocken, US

Rebecca Taub(Founder and Director)

Co-investorsAvoro Capital Advisors

Map Pharmaceuticals
Maxia Pharma
Medarex
Menlo Therapeutics
Merus Biopharma
NeoRx
Nevronevro.comin

Nevro develops spinal cord stimulation systems for pain management, offering the Senza Trial Stimulator with high-frequency therapy options and wireless capability for patient trials and treatment.

AI & Machine LearningDigital HealthHealthtechMedical DevicesRedwood City, US

Co-investorsNew Enterprise Associates (NEA)

Nextwavepharmanextwavepharma.comacquired by Tris Pharma

Medical DevicesNew Jersey, US

Co-investorsF-Prime CapitalSofinnova Ventures

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)

Co-investorsBrunnur Ventures GPVI Partners

Omegatech

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 · 9

IPOs and acquisitions across the tracked portfolio

Damora TherapeuticsNASDAQ: DMRAImaraNASDAQ: ELVNAntriaBioNASDAQ: RZLTGossamer BioNASDAQ: GOSSNextCureNASDAQ: NXTCPtc TherapeuticsNASDAQ: PTCTTwist BioscienceNASDAQ: TWSTXilio TherapeuticsNASDAQ: XLONextwavepharmaacq. by Tris Pharma

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Bay City Capital made?
Bay City Capital has 80 tracked investments, 3 of which have exited via acquisition or IPO.
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.
Who does Bay City Capital co-invest with?
Bay City Capital most often shares deals with New Enterprise Associates (NEA), Canaan Partners, F-Prime Capital, among 52 tracked co-investors.

Media · Podcasts & interviews

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