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Patient Square Capital

Crossover fundoperating company · company profile

Menlo Park · Growth

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Investment thesis

Patient Square Capital focuses exclusively on the health care industry, partnering with premier management teams whose products, services, and technologies improve health. It invests broadly across subsectors including development-stage therapeutics, commercial-stage pharmaceuticals, medical devices, diagnostics, life science tools, health care providers, and tech-enabled services. The firm draws on deep sector knowledge, an extensive industry network, and experience investing in both private and public companies to identify and create value. It emphasizes a partnership model built on trusted relationships and alignment, and applies operational capabilities to support and scale companies throughout their lifecycle, helping them transform in a dynamic industry.

Source: firm website, verified Oct 13, 2026.

Stage
Growth
HQ
Menlo Park, CA, US
Instruments
Equity · Debt
Last 12 months
1 investment
AUM
$17.5B
Tracked investments
21
Acquisitions
1

What they invest in

from 13 of 21 portfolio companies

Healthtech ×12Medical Devices ×6Biotech ×5Digital Health ×4Enterprise Software ×3SaaS ×3Deep Tech ×1Direct to Consumer ×1

HQs:United States×9United Kingdom×2

Investments · 21 tracked

founders shown can be your intro path

By year:2025 · 22023 · 12022 · 12021 · 15 dated

Apollo Therapeuticsapollotx.cominSep 2023 · $226.5M✓ verified

A portfolio biopharmaceutical company translating basic medical research breakthroughs from leading universities into novel therapeutic medicines.

BiotechDeep TechHealthtechMedical DevicesCambridge, GB

Richard Butt(Chief Scientific Officer)inSanjay Aggarwal(Chief Medical Officer)in

Co-investorsRock Springs CapitalAlbionVCUCL Technology FundIP Group

Kriya Therapeuticskriyatherapeutics.comin𝕏Jun 2021 · $1.2B✓ verified

Kriya Therapeutics is a biopharmaceutical company that develops and manufactures one-time gene therapies aimed at treating prevalent chronic diseases.

BiotechHealthtechMorrisville, US

Roger Jeffs(Co-Founder and Vice Chairman)inFraser Wright(Scientific Co-Founder and Chief Gene Therapy Officer)inShankar Ramaswamy(Founder)inMichele Stone(Chief Scientific Officer)inKatherine Eade(Chief Legal Officer)Britt Petty(Chief Manufacturing Officer)in

Co-investorsPremji InvestAlumni VenturesAmplo VenturesAnjostBluebird VenturesForesite Capital+3 more

Access Telecareaccesstelecare.comin𝕏

Access TeleCare provides a telemedicine platform and cart hardware that connects hospitals and their patients with remote specialists for acute specialty care and behavioral health.

Digital HealthHealthtechMedical DevicesSaaS

Chris Gallagher(Founder)inJoshua DeTillio(CEO)in

Ambros Therapeuticsambrostherapeutics.comDec 2025acquired by Werewolf Therapeutics · Aug 2026 · $500M

Ambros Therapeutics is a therapeutics company.

BiotechHealthtechSan Diego, US

Joseph (Jay) Hagan(President and Chief Executive Officer)

Co-investorsLifeSci Venture PartnersRA CapitalBAM ElevateJanus Henderson Investors

Chenmedchenmed.comin𝕏
Corrohealthcorrohealth.comin

CorroHealth develops revenue cycle management technology for healthcare organizations.

Digital HealthEnterprise SoftwareHealthtechSaaSPlano, US

Eargoeargo.comJun 2022Defunct

Eargo was a hearing aid company that provided high-quality hearing aids and related care services.

HealthtechMedical DevicesMountain View, US

Raphael Michel(Founder)Christian Gormsen(Executive Officer, Director)William Brownie(Executive Officer)Peter Tuxen Bisgaard(Director)Daniel Shen(Founder)Florent Michel(Founder)

Co-investorsBirchmere VenturesDolby Family VenturesLongitude CapitalMaveronNew Enterprise Associates (NEA)Peterson Ventures+4 more

Elevagemedicalelevagemedical.comin

Elevage Medical appears to be a medical or healthcare company with a team including physicians, board members, and operational staff, though the specific business activities are not detailed on this team page.

Digital HealthHealthtechMedical Devices

Evan Melrose(Chief Executive Officer & Partner)inMichael Wasserman(Chief Operating Officer & Partner)in

Co-investorsAlly Bridge Group

Enavate Sciencesenavatesciences.comin
Gondolabiogondolabio.comin

GondolaBio is a clinical-stage biopharmaceutical company developing therapeutics for patients with genetic diseases, with a lead oral small-molecule program (PORT-77) targeting erythropoietic protoporphyria and X-linked protoporphyria.

BiotechHealthtech

Co-investorsAisling CapitalFrazier Life SciencesViking Global

Hangerhanger.comin

Hanger, Inc. provides orthotic and prosthetic (O&P) care services and products through clinical locations and device distribution, serving patients with amputations, limb differences, and musculoskeletal disorders.

Digital HealthEnterprise SoftwareHealthtechMedical DevicesAustin, US

James Edward Hanger

Kriyakriya.coinSep 2025 · $270M

Kriya provides working capital loans and business finance products to UK and European businesses, helping them manage cash flow, fund wholesale orders, and scale their buyer base.

FintechSaaS

Anil Stocker(Founder)inCharles Delingpole(Founder)Ilya Kondrashov(Founder)

Co-investorsHolland CapitalMouro CapitalNorthzoneBluebird VenturesForesite CapitalJDRF T1D Fund+3 more

Lxe Hearinglxehearing.com

LXE Hearing is the parent company of hearing-technology brands Eargo, Lexie Hearing, and hearX, offering direct-to-consumer and over-the-counter hearing aids plus tools for detecting and diagnosing hearing loss.

Direct to ConsumerHealthtechMedical Devices

Summit Bhcsummitbhc.comin𝕏

Summit BHC operates a network of behavioral and mental health treatment centers providing psychiatric services and substance use disorder treatment across a continuum of care.

HealthtechMental HealthWellness & FitnessFranklin, US

Syneos Healthsyneoshealth.comin

Syneos Health is a fully integrated biopharmaceutical solutions organization that provides clinical, medical affairs, and commercial services to help pharmaceutical companies accelerate market access and patient outcomes.

BiotechEnterprise SoftwareHealthtech

Costa Panagos(Chief Executive Officer)inColin Shannon(Executive Chairman)in

Co-investorsBCIVeritas Capital

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Osanni BioParadigmPattersonPremierRadius HealthResolve Biosciences

Exits · 1

1 acquisitions

Ambros Therapeuticsacq. by Werewolf Therapeutics

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Patient Square Capital made?
Patient Square Capital has 21 tracked investments, 1 of which have exited, including 2 dated in the last 24 months.
What stage does Patient Square Capital invest at?
Patient Square Capital invests at the Growth stage.
What sectors does Patient Square Capital focus on?
Patient Square Capital focuses on Biotech, Digital Health, Healthtech, Longevity, Medical Devices, Sector Agnostic.
Where is Patient Square Capital located?
Patient Square Capital is headquartered in Menlo Park, US.
Does Patient Square Capital lead rounds?
Patient Square Capital has led 5 of the 5 rounds where its role is on record.
Who does Patient Square Capital co-invest with?
Patient Square Capital most often shares deals with Aisling Capital, AlbionVC, Alumni Ventures, among 17 tracked co-investors.

Images

Patient Square Capital photoPatient Square Capital photo

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