Pharos Capital Group
Growth equityDallas · Growth–Late Stage · 18 people tracked
Investment thesis
Pharos identifies compelling healthcare investment opportunities in underserved markets where demand for care significantly outpaces supply—including rural areas, urban centers, tribal nations, and Medicaid/Medicare-dependent populations. These markets are often inefficient and undercapitalized, presenting attractive entry points for disciplined capital paired with healthcare expertise. The firm believes sustainable value in healthcare is created by improving patient health outcomes and expanding access. Companies that operate efficiently in these environments can scale rapidly, build defensible positions, and generate durable returns while reducing healthcare disparities. Pharos targets established U.S.-based companies with professional management, minimum $10M revenue, $2M+ EBITDA, and 20%+ growth targets, focusing on chronic disease management, behavioral health, diagnostic innovation, and community-based care models.
Source: firm website, verified Aug 18, 2026.
Team · 18 people
from the firm's website & public directoriesWhat they invest in
from 1 of 1 portfolio companiesDigital Health ×1Healthtech ×1Mental Health ×1
HQs:United States×1
Investments · 1 tracked
founders shown can be your intro pathFund performance · per public LP disclosures · 8
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Pharos IIILPs: Chicago Teachers' Pension Fund | 2013 | — | 8.7% | 1.65x | 1.20x |
| Pharos Capital Partners III, LPLPs: Dallas Police & Fire Pension System | 2012 | — | -20.0% | 0.70x | 0.71x |
| Pharos Capital Co-Investments, LPLPs: Dallas Police & Fire Pension System | 2008 | — | 8.4% | 1.69x | 1.69x |
| Pharos Capital Co-Investment, LLCLPs: Dallas Police & Fire Pension System | 2007 | — | 8.4% | 1.70x | 1.69x |
| Pharos Capital Partners IIA, L.P.LPs: Dallas Police & Fire Pension System | 2005 | — | -2.4% | 0.90x | 0.88x |
| Pharos Capital Partners IIA, L.P.4LPs: Dallas Police & Fire Pension System | 2005 | — | -2.3% | 0.89x | 0.89x |
| Pharos II-ALPs: Chicago Teachers' Pension Fund | 2005 | — | 2.5% | 1.27x | 0.64x |
| Pharos Capital Partners II-ALPs: Los Angeles City Employees' Retirement System | 2004 | — | 2.2% | 1.23x | 0.64x |
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
- What stage does Pharos Capital Group invest at?
- Pharos Capital Group invests at the Growth, Late Stage stages.
- What is Pharos Capital Group's typical check size?
- Pharos Capital Group typically writes checks of $25M – $50M.
- What sectors does Pharos Capital Group focus on?
- Pharos Capital Group focuses on Digital Health, Healthtech, Impact & Social Good.
- Where is Pharos Capital Group located?
- Pharos Capital Group is headquartered in Dallas, US.
- Does Pharos Capital Group lead rounds?
- Yes, Pharos Capital Group leads investment rounds.
Images
Co-investors · 18
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Todd and Rahul's Angel Fund is an early-stage investment vehicle run by founders Todd Goldberg and Rahul Vohra, who write $300k-$500k checks into early-stage startups and help with product/market fit, go-to-market, and future fundraising.
Not Boring Capital operates as a "solo GP + media flywheel" fund where Packy McCormick runs a one-person VC fund tightly coupled to his Not Boring newsletter, using writing to source deals, win allocation, and amplify portfolio companies through content creation rather than traditional multi-partner firm structures. The fund's strategy combines extreme breadth with minimal ownership—deploying across 79 companies in 19 verticals without board seats or lead positions—while offering founders a unique value proposition through Sponsored Deep Dives that serve as both revenue generation and in-depth company analysis that helps founders tell their stories to customers, hires, and future investors.
Pantera Capital is a blockchain and cryptocurrency-focused investment firm that pioneered early crypto funds in the U.S., offering exposure through venture equity, early-stage tokens, and liquid tokens.
Awesome People Ventures operates as a decentralized VC fund using a network of deal partners and contributors to source and vet investments, while giving carry to core contributors beyond just the GP to mirror web3's community ownership ethos. The fund focuses on investing in awesome people building awesome things in web3 with a world-positive mandate, and is backed by iconic crypto investors including Chris Dixon, Marc Andreessen/a16z, and Multicoin.
Haun Ventures backs founders building the future of finance, investing from seed to scale in teams applying decentralized technology to reshape the global economy.
Capital Factory is an Austin, Texas-based early-stage investor that backs ambitious founders across the state, offering capital, customer connections, and access to its network.
Scalar Capital is an investment firm providing fund management and advisory services, founded by former Coinbase employees.
▶6 more co-investors
Samsung NextAmbush CapitalThe Alchemy FundAlchemy VenturesTimespan VenturesForm Capital
Firms observed investing alongside Pharos Capital Group, from public investor directories. Shared companies are the overlap with Pharos Capital Group's recorded portfolio.
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