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Pharos Capital Group

Growth equity

Dallas · Growth–Late Stage · 19 people tracked

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

Kevin Ryanunlockedknows Adam Persiani · together at Pharos Capital Group (overlapped)
×8knows the team · via Metastable
×3knows the team · via Dragonfly
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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 Sep 29, 2026.

Stage
Growth–Late Stage
Check
$25M – $50M
HQ
Dallas, US
Leads rounds
Leads
Instruments
Equity
Founded
2013
AUM
$629.6M
Tracked investments
3

Team · 19 people

from the firm's website & curated & public directories
Marc A. Nivet· Senior Advisor
Roderic Ivan Pettigrew· Senior Advisor

What they invest in

from 3 of 3 portfolio companies

Healthtech ×2Defense Tech ×1Digital Health ×1Enterprise Software ×1Fintech ×1Hardware ×1HR Tech ×1InsurTech ×1

HQs:United States×2

Investments · 3 tracked

founders shown can be your intro path
Differencecarddifferencecard.comin✓ verified

The Difference Card provides health insurance benefits solutions and cost-savings programs for small and mid-sized employers, helping them reduce healthcare expenses while maintaining comprehensive benefits coverage.

Enterprise SoftwareFintechHealthtechHR TechInsurTechWhite Plains, US

Joseph Donovan(Chief Executive Officer)inRosa Garcia Rinder(Chief Operating Officer)in

Co-investorsNorthlane Capital PartnersStone Point

Alereonalereon.com

Alereon designs and manufactures ultrawideband (UWB) chipsets, modules, reference designs, and custom hardware and software to add short-range, high-speed wireless connectivity to products.

Defense TechHardwareSemiconductors

Co-investorsMobility VenturesEnhanced Capital Partners

Faspsychfaspsych.comin𝕏

FasPsych provides telepsychiatry staffing and integration services, connecting healthcare organizations including hospitals, community mental health centers, and correctional facilities with licensed psychiatrists and mental health practitioners for virtual care delivery.

Digital HealthHealthtechMental Health

Fund performance · per public LP disclosures · 8

as of Jun 2025
FundVintageCommittedNet IRRTVPIDPI
Pharos IIILPs: Chicago Teachers' Pension Fund2013—8.7%1.65x1.20x
Pharos Capital Partners III, LPLPs: Dallas Police & Fire Pension System2012—-20.0%0.70x0.71x
Pharos Capital Co-Investments, LPLPs: Dallas Police & Fire Pension System2008—8.4%1.69x1.69x
Pharos Capital Co-Investment, LLCLPs: Dallas Police & Fire Pension System2007—8.4%1.70x1.69x
Pharos Capital Partners IIA, L.P.LPs: Dallas Police & Fire Pension System2005—-2.4%0.90x0.88x
Pharos Capital Partners IIA, L.P.4LPs: Dallas Police & Fire Pension System2005—-2.3%0.89x0.89x
Pharos II-ALPs: Chicago Teachers' Pension Fund2005—2.5%1.27x0.64x
Pharos Capital Partners II-ALPs: Los Angeles City Employees' Retirement System2004—2.2%1.23x0.64x

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

Pharos Capital Group photoPharos Capital Group photoPharos Capital Group photoPharos Capital Group photoPharos Capital Group photoPharos Capital Group photo

Co-investors · 19

Andreessen Horowitz

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$500K – $50M
Lightspeed Venture Partners

Lightspeed Venture Partners is a global venture capital firm that backs founders from Seed through Series F and beyond, emphasizing deep, immersive partnerships with the companies it invests in.

$1.7M – $87M
Redpoint Ventures

Since 1999, Redpoint Ventures has partnered with visionary founders to create new markets and redefine existing ones. The firm invests early in startups building category-defining companies, from AI and infrastructure to security. Redpoint has backed hundreds of companies, including Netflix, Snowflake, Stripe, Ramp, Twilio, Ramp, and Hims, and today backs the next generation of AI leaders like OpenAI, Legora, Modal, Abridge and Physical Intelligence. Redpoint is based in San Francisco and has offices in New York City and Woodside. For more information visit: http://www.redpoint.com/

$100K – $10M
Notable Capital

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$5M – $50M
Sound Ventures

Sound Ventures is a venture capital firm that seeks to invest in the technology sector.

Todd and Rahul’s Angel Fund

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.

$300K – $500K
Not Boring Capital

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.

$100K – $2M
Pantera Capital

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.

$5M – $100M
Awesome People Ventures

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.

$50K – $250K
Haun Ventures

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$1M – $100M
Robot Ventures

Robot Ventures is a $75M early-stage crypto fund founded and led by Robert Leshner (Compound) and Tarun Chitra (Gauntlet), who actively run major DeFi companies while managing the fund, giving founders direct access to operators at the center of on-chain markets. The fund specializes in backing highly technical crypto primitives at the pre-seed stage before they become marquee names, leveraging deep quant research expertise to evaluate complex DeFi mechanisms that many generalist VCs struggle to understand.

$100K – $1M
Capital Factory

Capital Factory is an Austin, Texas-based early-stage investor that backs ambitious founders in deep tech, providing capital, customer introductions, and access to its statewide network.

▶7 more co-investors

Scalar CapitalSamsung 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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