Fundraising Fox

Kern Capital, LLC

Family office

Larkspur · Seed–Late Stage · 1 people tracked

Find your way into Kern Capital, LLC

474 people in our graph share verified history with the Kern Capital, LLC team — schools, employers, funds. One of them is your warm intro.

Stephane Kurganunlockedknows Jay Kern · together at McKinsey & Company (overlapped)
×7knows the team · via McKinsey & Company
×2knows the team · via Eton College
×2knows the team · via University of Chicago Law School
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Investment thesis

Kern Capital invests in a diversified range of companies from new ventures to established, profitable businesses across many industries, with an emphasis on life sciences. It makes concentrated investments of $5 to $15 million in only a few companies per year and partners with strong management teams for the long term, typically taking board seats without involvement in daily operations. The firm adopts a long-term liquidity approach that is not tied to any single exit path, remaining opportunistic about returning capital via M&A, IPO, recapitalization, dividend, or otherwise. Its capital comes from high-net-worth individuals, family offices, and foundations, and principals typically serve as the largest personal investors in each portfolio company.

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Late Stage
Check
$5M – $15M
HQ
Larkspur, California, US
Leads rounds
Leads
Instruments
Equity
Founded
2020
Tracked investments
22

Team · 1 people

from public directories

What they invest in

from 7 of 22 portfolio companies

Biotech ×5Healthtech ×2SaaS ×2Consumer ×1Enterprise Software ×1Gaming ×1HR Tech ×1Medical Devices ×1

HQs:United States×7

Investments · 22 tracked

founders shown can be your intro path

By year:2025 · 12024 · 12022 · 12019 · 14 dated

4J TherapeuticsAug 2022

BiotechPalo Alto, US

Edward Pham(Executive Officer, Director)Jeffrey S. Glenn(Director)Menashe Elazar(Executive Officer, Director)Nancy Chang(Executive Officer)

PartnerJay Kern· solo GP

AIdentified

PartnerJay Kern· solo GP

Apton Biosystemsacquired by Pacific Biosciences

Life sciences company acquired by Pacific Biosciences

PartnerJay Kern· solo GP

Co-investorsSamsung Catalyst Fund

Arcadia Communications

Developer and owner of cellular communications towers

PartnerJay Kern· solo GP

Concentric Analgesics

BiotechLos Altos, US

John F. Donovan(Executive Officer, Director)Frank J. Bellizzi(Executive Officer)in

BoardCraig Husfeld(Director)

PartnerJay Kern· solo GP

Discovia

E-discovery business headquartered in San Francisco

PartnerJay Kern· solo GP

GPN VaccinesJun 2024 · $18M

BiotechWilmington, US

Timothy Hirst(Executive Officer, Director)James Selkirk(Executive Officer)in

Co-investorsForepont Capital PartnersShearwater Capital

GPN Vaccines

PartnerJay Kern· solo GP

InvestCloud

Beverly Hills, US

John Wise(Executive Officer, Director)Colin Close(Executive Officer, Director)

BoardRichard Garman(Director)J.P. Whelan(Director)

PartnerJay Kern· solo GP

Co-investorsFTV CapitalMotive Partners

Ionetix

PartnerJay Kern· solo GP

ISI

Communications management software business

PartnerJay Kern· solo GP

Latigo Biolatigobio.comJan 2025

Latigo Biotherapeutics is a clinical-stage biopharmaceutical company developing non-opioid pain medicines designed to stop pain transmission without addiction risk.

BiotechHealthtechMedical DevicesThousand Oaks, US

Nima Farzan(Executive Officer, Director)Tim Lugo(Executive Officer)

BoardBeth Seidenberg(Director)inJim Tananbaum(Director)Deborah Palestrant(Director)inKevin Raidy(Director)

PartnerJay Kern· solo GP

Co-investorsAccess BiotechnologyForesite CapitalSanofi Ventures5AM VenturesWestlake Village BioPartners

Lottery Nowlottery-now.comNov 2019

Mido Lotto is a mobile app that acts as a digital courier for buying official state lottery tickets from licensed retailers, letting users order tickets, join group pools, and collect smaller winnings into an in-app wallet.

ConsumerGamingSaaSSan Francisco, US

Kevin Kramer(Executive Officer)

PartnerJay Kern· solo GP

Co-investorsSand Hill Angels

Pallet Logistics of America

Manufacturer and distributor of wooden pallets

PartnerJay Kern· solo GP

PGDxacquired by Labcorp

Cancer diagnostics company acquired by LabCorp

PartnerJay Kern· solo GP

Co-investorsCatalio Capital Management, LP

ProServiceproservice.comin

ProService Hawaii provides payroll, employee benefits, HR, and compliance solutions to employers in Hawaii.

Enterprise SoftwareHR TechSaaSKailua-Kona, US

Ben Godsey(President & CEO)in

PartnerJay Kern· solo GP

Co-investorsFFL PartnersSilver Lake Partners

Provider Synergies

Pharmaceutical rebate contracting business

PartnerJay Kern· solo GP

Reata Pharmaceuticalsacquired by Biogen

Pharmaceutical company acquired by Biogen

PartnerJay Kern· solo GP

Co-investorsFrazier Life SciencesSofinnova Ventures

Riboscienceriboscience.com

Ribo Science is a biopharmaceutical company focused on discovering and developing novel ribose-based molecules for treating human cancers and viral diseases.

BiotechHealthtech

PartnerJay Kern· solo GP

Shopatron Inc.

PartnerJay Kern· solo GP

Tab Products

Document management systems business

PartnerJay Kern· solo GP

Tech Lighting

Manufacturer of architectural lighting

PartnerJay Kern· solo GP

Exits · 3

IPOs and acquisitions across the tracked portfolio

Apton Biosystemsacq. by Pacific BiosciencesPGDxacq. by LabcorpReata Pharmaceuticalsacq. by Biogen

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Kern Capital, LLC made?
Kern Capital, LLC has 21 tracked investments, 3 of which have exited via acquisition or IPO, including 1 dated in the last 24 months.
What stage does Kern Capital, LLC invest at?
Kern Capital, LLC invests at the Seed, Series A, Series B, Series C, Growth, Late Stage stages.
What is Kern Capital, LLC's typical check size?
Kern Capital, LLC typically writes checks of $5M – $15M.
What sectors does Kern Capital, LLC focus on?
Kern Capital, LLC focuses on Advanced Manufacturing, Biotech, Fintech, Healthtech, Medical Devices, SaaS, Sector Agnostic.
Where is Kern Capital, LLC located?
Kern Capital, LLC is headquartered in Larkspur, US.
Does Kern Capital, LLC lead rounds?
Yes, Kern Capital, LLC leads investment rounds.
Who does Kern Capital, LLC co-invest with?
Kern Capital, LLC most often shares deals with Foresite Capital, Samsung Catalyst Fund, Sanofi Ventures, among 12 tracked co-investors.

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