🦊/Investors

Red Tree Venture

Venture capital

San Diego · Seed–Series B · 25 people tracked

Find your way into Red Tree Venture

1,438 people in our graph share verified history with the Red Tree Venture team — schools, employers, funds. One of them is your warm intro.

Paul Kwanunlockedknows Heath Lukatch · together at Stanford University (overlapped)
×3knows the team · via McKinsey & Company
×2knows the team · via TPG
×2knows the team · via University of California, Berkeley
×4knows the team · via Stanford University
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Investment thesis

Red Tree invests in early-stage life science companies with a West Coast focus, prioritizing entrepreneurs building first-in-class and best-in-class therapeutics that address significant unmet medical needs in oncology, neurology, and immunology. The firm leverages deep ties to the West Coast life science ecosystem, drawing on relationships with scientific luminaries and serial entrepreneurs at leading academic and research institutions. A board of engaged scientific advisors gives Red Tree early access to promising innovation emerging from regional biotech hubs. The team combines decades of experience investing in, founding, and operating life science companies across stages and therapeutic areas, translating scientific innovation into successful businesses.

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Series B
HQ
San Diego, California, US
Leads rounds
Leads
Instruments
Equity
Founded
2020
AUM
$272M
Tracked investments
22
IPOs
4
Acquisitions
1

Team · 25 people

from the firm's website & curated & public directories
Heath Lukatch, Ph.D.· General Partner
Jodi Yang· Head of Capital Formation

What they invest in

from 14 of 22 portfolio companies

Biotech ×12Healthtech ×5Medical Devices ×5Digital Health ×4AI & Machine Learning ×1Deep Tech ×1Hardware ×1Mental Health ×1

HQs:United States×11

Investments · 22 tracked

founders shown can be your intro path

By year:2025 · 12023 · 12020 · 12019 · 12018 · 22017 · 12016 · 29 dated

SutroVaxNASDAQ: PCVXMar 2020SEC filingmedium confidence

BiotechSouth San Francisco, US

Grant E. Pickering(Chief Executive Officer)Ashish Khanna(Executive Officer)Jeff Fairman(Executive Officer)

BoardTracy Saxton(Director)William Newell(Director)Kurt von Emster(Director)in

Board seatHeath Lukatch· per SEC Form D · $110M raise · filed Apr 2020

Co-investorsAbingworthCTI Life Sciences Fund L.P.Foresite CapitalFrazier Life SciencesJanus Henderson InvestorsLongitude Capital+4 more

Bicara Therapeuticsbicara.comin𝕏NASDAQ: BCAX

Bicara Therapeutics is a clinical-stage biopharmaceutical company developing bifunctional antibody therapies that combine tumor-targeting with immune-modulating payloads to treat solid tumors.

Ivan Hyep(Chief Financial Officer and Treasurer)inLara Meisner(Chief Legal Officer, Compliance Officer and Corporate Secretary)inDavid Raben(Chief Medical Officer)in

Co-investorsAisling CapitalEight Roads VenturesF-Prime CapitalForesite CapitalPremji InvestRA Capital+5 more

Ceribellceribell.comin𝕏NASDAQ: CBLL

Ceribell is a medical technology company that develops products for detecting and monitoring seizures, including EEG-based diagnostic systems.

AI & Machine LearningDigital HealthHealthtechMedical DevicesSunnyvale, US

Josef Parvizi(Director)inXingjuan (Jane) Chao(President, CEO, Co-Founder & Director)inScott Blumberg(Executive Officer)inJoseph Taylor(Director)Raymond Woo(Executive Officer)David Stoffel(Executive Officer)

Co-investorsLongitude CapitalRA CapitalShangBay Capital LLCThe Rise Fund

Contineum Therapeuticscontineum-tx.cominNASDAQ: CTNM

Contineum is a biopharmaceutical company developing small molecule drug candidates to treat inflammatory and fibrotic diseases by modulating critical disease pathways.

BiotechHealthtech

Carmine Stengone(President and Chief Executive Officer)inCarmine N. Stengone(President, Chief Executive Officer and Director)inPeter T. Slover(Chief Financial Officer)inDaniel S. Lorrain(Chief Scientific Officer)inTimothy R. Watkins(Chief Medical Officer and Head of Development)in

Co-investorsHadean VenturesSamsara BioCapitalCasdin CapitalFranklin TempletonJJDCSectoral Asset Management+1 more

CARGO Therapeuticscargo-tx.cominFeb 2023

Launched by Samsara in partnership with CAR T pioneers, advancing a clinically validated CD22 CAR T for lymphoma.

BiotechSan Mateo, US

Gina Chapman(Executive Officer, Director)inAnup Radhakrishnan(Executive Officer)inCassandra Gianna Luca(Director)Jeffrey Walsh(Director)Krishnan Viswanadhan(Director)

BoardAbraham Bassan(Director)

Board seatHeath Lukatch· per SEC Form D

Co-investorsNextech InvestSamsara BioCapitalAlly Bridge GroupJanus Henderson InvestorsPerceptive Xontogeny VentureThird Rock Ventures

Halo Neurohaloneuroscience.comNov 2017SEC filingmedium confidence

Acquired.

Digital HealthHardwareWellness & FitnessSan Francisco, US

Daniel Chao, M.D., M.S.(Executive Officer, Director)Daniel Chao(Executive Officer, Director)

BoardAndrew Firlik(Director)inPeter Hebert(Director)inAmol Sarva(Director)

Board seatHeath Lukatch· per SEC Form D · $19.8M raise · filed May 2018

Co-investorsJAZZ Venture PartnersLux CapitalXfund

magnusmagnusmed.comin𝕏May 2025SEC filingmedium confidence

Magnus Medical develops SAINT, an FDA-cleared, accelerated form of TMS (transcranial magnetic stimulation) therapy that uses precision neuromodulation to treat Major Depressive Disorder, including treatment-resistant depression, over a 5-day course.

BiotechDigital HealthMedical DevicesMental HealthBurlingame, US

Nolan Williams(Director)Christian Gormsen(Executive Officer, Director)inVikram Lamba(Executive Officer)in

BoardXingjuan Chao(Director)inAndrew Firlik(Director)in

Board seatHeath Lukatch· per SEC Form D · $77M raise · filed May 2026

Co-investorsJAZZ Venture PartnersDolby Family Ventures

Satsuma Pharmaceuticalssatsumarx.comDec 2016SEC filingmedium confidence

Satsuma Pharmaceuticals develops therapeutics for the acute treatment of migraine, including an approved dihydroergotamine nasal powder product (Atzumi/STS101).

BiotechHealthtechMedical DevicesSouth San Francisco, US

John Kollins(Executive Officer, Director)Tadayoshi Iwashima(Executive Officer)Thomas B. King(President and Board Director)inRob Janosky(Chief Commercial Officer)Tom O'Neil(Chief Financial Officer)inDavid Prichard(Chief Operating Officer)

Board seatHeath Lukatch· per SEC Form D · $12.3M raise · filed Feb 2018

Co-investorsOUP (Osage University Partners)Vivo Capital

ViaCyteviacyte.comNov 2018SEC filingmedium confidence

Transforming the lives of patients through a functional cure for Type 1 Diabetes

BiotechSan Diego, US

Brittany Bradrick(Executive Officer)Anne Sandan(Executive Officer)Elizabeth Bui(Executive Officer)Steve White(Executive Officer)Howard Foyt(Executive Officer)inKevin D'Amour(Executive Officer)in

Board seatHeath Lukatch· per SEC Form D · $90M raise · filed Dec 2018

Co-investorsArtis VenturesBain Capital Life SciencesRA CapitalSanderling VenturesThe Vertical GroupJohnson & Johnson Innovation – JJDC

Engrail Therapeuticsengrail.comin

Engrail Therapeutics is a clinical-stage pharmaceutical company developing precision-targeted therapeutics for neupropsychiatric and neurodevelopmental disorders.

BiotechDigital HealthMedical DevicesSan Diego, US

Stephen(Co-founder, EVP Research & Development and Chief Development Officer)Paul Cayer(Chief Financial Officer)inVikram(President and Chief Executive Officer)Kimberly(Chief Scientific Officer)Quentin(Chief Technical Officer)

Co-investorsForesite CapitalLongwood FundNorwest Venture PartnersRiverVest Venture PartnersYsios Capitalabrdn plc+4 more

Kivu Biosciencekivubioscience.comin

Kivu Bioscience develops antibody-drug conjugate (ADC) therapeutics in clinical development, advancing a pipeline of cancer treatments through strategic partnerships and collaborations.

BiotechDeep TechHealthtechMedical Devices

Mohit Trikha(CEO)inSophia Randolph(Chief Medical Officer)in

Co-investorsBOMHealthCapM VenturesBioGeneration VenturesNovo Holdings

Rondo Therapeuticsrondotx.comin

Rondo Therapeutics is an immuno-oncology biopharmaceutical company developing bispecific/multispecific antibody therapeutics designed for tumor-selective targeting to treat solid tumors while sparing healthy tissue.

BiotechHealthtech

Shelley Force Aldred(Co-Founder & Chief Executive Officer)inNathan Trinklein(Co-Founder, President & CSO)inKatherine(Chief Development Officer)Thomas(Chief Medical Officer)

Co-investorsCanaan PartnersSV Health InvestorsJohnson & Johnson Innovation – JJDCNovo Holdings

Other

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

AdynxxGoldilocks TherapeuticsViewPoint TherapeuticsBiographEBVioEnrosa TherapeuticsExcellergyExcellergy TherapeuticsInversion TherapeuticsPhotinia Biosciences

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Exits · 5

4 IPOs · 1 acquisitions

SutroVaxNASDAQ: PCVXBicara TherapeuticsNASDAQ: BCAXCeribellNASDAQ: CBLLContineum TherapeuticsNASDAQ: CTNMExcellergy Therapeuticsacq. by Novartis

Portfolio news

latest coverage across their companies

IPO stake values · per SEC filings · 2

Value of this firm's stake in each portfolio company at its IPO price, from the prospectus principal-stockholder table.

CompanyOwnedIPO priceAt IPOStake value
Bicara Therapeutics5.9%$18.00Sep 2024$54.9M
Ceribell6.5%$17.00Oct 2024$37.5M

Source: SEC S-1 / 424B prospectus filings. Stake value = shares beneficially owned × the initial public offering price, as disclosed — a market value at IPO, not a return multiple (the firm's original cost is not disclosed).

Frequently asked questions

How many investments has Red Tree Venture made?
Red Tree Venture has 22 tracked investments, 5 of which have exited, including 1 dated in the last 24 months.
What stage does Red Tree Venture invest at?
Red Tree Venture invests at the Seed, Series A, Series B stages.
What sectors does Red Tree Venture focus on?
Red Tree Venture focuses on Biotech, Healthtech, Medical Devices.
Where is Red Tree Venture located?
Red Tree Venture is headquartered in San Diego, US.
Does Red Tree Venture lead rounds?
Yes, Red Tree Venture leads investment rounds.
Who does Red Tree Venture co-invest with?
Red Tree Venture most often shares deals with Samsara BioCapital, F-Prime Capital, Foresite Capital, among 19 tracked co-investors.

Images

Red Tree Venture photoRed Tree Venture photoRed Tree Venture photoRed Tree Venture photo

Co-investors · 4

RA Capital

RA Capital is a multi-stage investment firm focused on healthcare, life sciences, and planetary health, investing across public and private markets and creating new companies through its Raven incubation platform.

F-Prime Capital

F-Prime Capital is an early-stage-focused investment firm backing companies across life sciences, technology, healthtech and services, and crypto.

$3M – $10M
Canaan Partners

Canaan Partners is a venture capital firm with over 30 years of history, backing companies across technology and healthcare sectors through close, hands-on partnerships with founders.

Both backed · 1
$500K – $20M
Forbion

Forbion is a global venture capital firm focused on advancing biotech innovations and sustainable solutions aimed at improving human and planetary health.

Both backed · 1

Firms observed investing alongside Red Tree Venture, from public investor directories. Shared companies are the overlap with Red Tree Venture's recorded portfolio.

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