Pharos Capital Group
Growth equityDallas · Growth–Late Stage · 19 people tracked
Find your way into Pharos Capital Group
79 people in our graph share verified history with the Pharos Capital Group team — schools, employers, funds. One of them is your warm intro.
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 1, 2026.
Team · 19 people
from the firm's website & curated & public directoriesWhat they invest in
from 2 of 2 portfolio companiesHealthtech ×2Digital Health ×1Enterprise Software ×1Fintech ×1HR Tech ×1InsurTech ×1Mental Health ×1
HQs:United States×2
Investments · 2 tracked
founders shown can be your intro pathThe 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
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| 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 · 19
Andreessen Horowitz (a16z) is a venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz, known for pioneering the platform model with a large team of operators supporting founders across stages.
Lightspeed is a global venture capital firm that has spent over two decades backing innovative companies as an early and first investor.
Redpoint Ventures is a venture capital firm established in 1999 by former partners from leading venture firms, focusing on early-stage technology companies across multiple sectors. The firm leverages its partners' technology investment experience and an extensive network of entrepreneurs and industry contacts to support portfolio company growth.
Notable Capital is a venture capital firm that has partnered with founders for over two decades, backing companies from the earliest stages through to exit.
Sound Ventures is a venture capital firm that seeks to invest in the technology sector.
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.
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.
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.
▶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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