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Solas BioVentures

Venture capital

Chattanooga · Pre-Seed–Series B · 17 people tracked

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Investment thesis

Solas BioVentures focuses exclusively on early-stage life science companies, spanning biopharmaceuticals, medical devices, and digital health. The firm takes a founder-centric approach aimed at enabling breakthrough medicine and technological innovation that can transform the standard of care and improve patient outcomes. Its investment team combines decades of hands-on expertise across medicine, biotechnology, operations, and finance, and is supported by a network of limited partners who contribute domain expertise when evaluating opportunities. Positioned at the intersection of medicine, science, and finance, the firm partners with visionaries, entrepreneurs, doctors, scientists, lawyers, and financiers to advance meaningful medical innovation worldwide.

Source: firm website, verified Sep 29, 2026.

Stage
Pre-Seed–Series B
HQ
Chattanooga, Tennessee, US
Instruments
Equity
Founded
2020
Last 12 months
1 investment
AUM
$165M
Tracked investments
41
IPOs
2
Acquisitions
1

Team · 17 people

from the firm's website & curated & public directories
Charles David Adair· General Partner
Emma Heckenberg· Analystin

Analyst at Solas BioVentures; holds a PhD.

Isaiah Reeves· Analystin

Analyst at Solas BioVentures; holds a PhD.

Julia Ray· Controllerin

Controller at Solas BioVentures; holds a BS.

Laurent Pacheco· Advisorin

Team member at Solas BioVentures; holds MD, PhD, and MBA degrees.

Founder mafia

4 people who came through Solas BioVentures went on to found or lead other companies.

What they invest in

from 30 of 41 portfolio companies

Healthtech ×26Medical Devices ×22Biotech ×15Digital Health ×11Hardware ×6AI & Machine Learning ×5Deep Tech ×3FemTech ×3

HQs:United States×24

Who they back

founder profiles across 13 portfolio companies
54%
solo founders
7 of 13 mapped founding teams
~4.5 yrs
old at investment
median across 14 dated deals

Founding team size:solo founder×72 founders×54+ founders×1

Investments · 41 tracked

founders shown can be your intro path

By year:2026 · 12024 · 12023 · 22022 · 42021 · 62020 · 22019 · 117 dated

Shionogishionogi.comOTC: SGIOF

Shionogi is a pharmaceutical company that discovers and develops medicines for challenging human diseases, including antibiotics and treatments for HIV, influenza, and COVID-19.

BiotechHealthtech

Co-investorsAdvent Life Sciences

Tvardi Therapeuticstvarditherapeutics.comin𝕏NASDAQ: TVRDJun 2021

Tvardi Therapeutics is a clinical-stage biopharmaceutical company developing oral small molecule STAT3 inhibitors to treat inflammatory and proliferative diseases.

BiotechHealthtechHouston, US

David J. Tweardy(Executive Officer, Director)Josef Schoell(Executive Officer)inJoseph W. Stauffer(Executive Officer)Derek Chalmers(Executive Officer, Director)inMichael E. Lewis(Executive Officer)inFrederique Menzaghi(Executive Officer)

Co-investorsShangBay Capital LLC

Stimdia Medicalstimdia.comin𝕏Series B · Jul 2022 · $16M✓ verified

Stimdia Medical develops neuromodulation technologies, with a leadership team focused on clinical and regulatory affairs and R&D in critical care and pulmonary medicine.

BiotechDeep TechHealthtechMedical DevicesEdina, US

Jay Katarincic(Founder, Stimdia Medical; Director, Draper Triangle Ventures)inJim Bullock(Founder, Stimdia Medical; Board Chairman)Patrick Wethington(Executive Officer, Director)inAllen Meacham(President and Chief Executive Officer)inBrad Swatfager(Chief Financial Officer)Kristen Lechleiter(Vice President, Clinical and Regulatory Affairs)in

Co-investorsFresenius Medical Care Ventures

Francis Medicalfrancismedical.comin𝕏Series B · Sep 2021 · $55M

Francis Medical is a medical device company developing minimally invasive urological cancer treatments using water vapor ablation technology, initially focused on prostate cancer with its Vanquish Water Vapor Ablation System.

BiotechDigital HealthHealthtechMedical DevicesMaple Grove, US

Michael Hoey(Founder)inMichael Kujak(Executive Officer, Director)Christopher Dixon(Chief Medical Officer)in

BoardAndrew Cleeland(Director)Jan Garfinkle(Director)inDavid Adair(Director)in

Board seatMichael Hoey· per SEC Form D

Co-investorsArboretum Ventures

Advanced Catheter Therapiesacatheter.com

Advanced Catheter Therapies develops the Pressana Occlusion Perfusion Catheter, a medical device for targeted endovascular delivery of therapeutic agents to treat peripheral arterial disease and prevent limb amputation.

BiotechHealthtechMedical Devices

Paul J. Fitzpatrick(Chief Executive Officer)

Co-investorsChattanooga Renaissance FundInnova Memphis, Inc.Blank Slate Ventures

Arctxmedicalarctxmedical.comin

Arctx Medical develops an investigational cooling therapy device designed to treat acute pancreatitis by reducing pancreatic inflammation through localized temperature control.

BiotechDigital HealthHealthtechMedical Devices

Co-investorsScientific Health Development

Areteia Therapeuticsareteiatx.cominDefunct

Areteia Therapeutics was a clinical-stage biotechnology company that is no longer operating.

BiotechChapel Hill, US

Robin Walker(Executive Officer)inChristopher Courts(Executive Officer)inJorge Bartolome(Founder)in

BoardBenjamin Gomez(Director)Adam Koppel(Director)inMichael E. Bozik(Director)

Co-investorsARCH Venture PartnersBain Capital Life SciencesGV (Google Ventures)Viking GlobalAccess BiotechnologyMaverick Capital+3 more

Arrivo BioVenturesarrivobio.cominSeries B · Nov 2023 · $45M

Arrivo Bio develops novel, disease-modifying medicines targeting the root cause of hard-to-treat diseases for which few effective treatment options exist.

BiotechMedical DevicesMorrisville, US

Karen Adams(Executive Officer)Stephen E. Butts(Executive Officer)

Co-investorsRex Health VenturesOrlando Health Ventures

Aurenaraurenar.comJul 2026

Aurenar develops a non-invasive, ear-worn neuromodulation wearable that stimulates a nerve in the ear to boost the body's natural control of inflammation, targeting complications in intensive care unit patients.

HardwareHealthtechMedical Devices

Eric Leuthardt(Chief Executive Officer & Founder)inJenna Gorlewicz(Chief Technology Officer & Founder)inAnna Huguenard(Chief Medical Officer & Founder)inJesse Wheeler(Chief Operations Officer)inRyan Kight(Chief Financial Officer)in

Co-investorsDeep FutureKaleida Capital

Axena Healthaxenahealth.comin

Axena Health develops digital therapeutic devices for women's pelvic health, specifically treating urinary and fecal incontinence through at-home pelvic floor muscle training.

Digital HealthFemTechHealthtechMedical DevicesAuburndale, US

Samantha Pulliam(CEO and Chief Medical Officer)inVincent Ricci(Executive Officer)Jim O'Connor(Executive Officer)inShacey Petrovic(Executive Officer, Director)inEileen Maus(Executive Officer, Director)in

BoardJonathan Dean(Director)

Co-investorsAvestria VenturesCatalio Capital Management, LPCross-Border Impact Ventures

Baebiesbaebies.comin𝕏

Baebies develops multifunctional syndromic diagnostic testing using proprietary digital microfluidics, integrating molecular, immunoassay, chemistry, and coagulation testing into a single compact platform (FINDER) that runs on small-volume samples.

BiotechDeep TechDigital HealthHealthtechMedical DevicesResearch Triangle Park, US

Vamsee Pamula(Executive Officer, Director)in

BoardDennis Sacha(Director)William A. Hawkins(Director)

Co-investorsCharlotte Angel FundDuke Capital PartnersIAG Capital PartnersRex Health VenturesVentureSouthHG Ventures+1 more

Basking Biosciencesbaskingbiosciences.cominAug 2020 · $55M

Basking Biosciences develops therapeutics for thrombosis, vascular biology, and ischemic disease.

BiotechDigital HealthHealthtechMedical DevicesCary, US

Shahid Nimjee(Co-founder, Chief Scientific Officer and Stroke Clinical Lead)inBruce Sullenger(Co-founder)Julia Owens(Executive Officer, Director, Promoter)inRichard Shea(Executive Officer, Director, Promoter)in

BoardHannah Chang(Director)Aiden Aceves(Director)in

Co-investorsARCH Venture PartnersInsight PartnersBroadview VenturesMedbluePlatanus VenturesRev1 Ventures+1 more

CardioNXTcardionxt.comMar 2019

CardioNXT develops cardiac mapping and navigation technology, including its iMap System, used to navigate next-generation pulsed field ablation (PFA) catheters for cardiac procedures such as pulmonary vein isolation and left atrium mapping.

HardwareHealthtechMedical DevicesWestminster, US

Donald Conty(Executive Officer, Director, Promoter)Jerome Edwards(Executive Officer, Director, Promoter)

BoardThomas Kurian(Director, Promoter)

Corcymcorcym.comin𝕏

Corcym is a medical device company that develops therapies and devices for patient care.

HardwareHealthtechMedical Devices

Co-investorsB Capital

CryOSAcryosa.comSeries B · Sep 2021 · $22M

Cryosa develops an incisionless medical treatment that uses controlled cooling to reduce tissue and open airways.

BiotechHealthtechMedical DevicesArden Hills, US

Laura Stoltenberg(Executive Officer, Director)in

BoardDavid Belitz(Director)inDoug French(Director)James Eadie(Director)Donald Gonzales(Founder and Chief Medical Officer)

Co-investorsBrightstone Venture Capital

Dimension Biodimension.bioinFeb 2023

Dimension Bio is a biotechnology company developing regenerative therapeutics using its BioNidum platform, which combines materials science, 3D printing, and digital manufacturing to produce implantable and injectable biosynthetic scaffolds that promote tissue healing.

BiotechHealthtechMedical DevicesNew MaterialsChicago, US

Caralynn Nowinski Collens(Co-founder & CEO)inRamille Shah, Ph.D.(Co-founder & CSO)Ramille Shah(Co-founder & CSO)Adam Jakus(Co-Founder)inLarry Weinstein(SVP, Manufacturing & Quality Operations)Cole Johnson(SVP, Corporate Development)in

Co-investorsAlumni VenturesBetter Ventures Central LlcHarvard Business Angels of ChicagoHAWKTAILLofty VenturesPathway Bioventures+3 more

EirSystemseirsystems.netSeed · Aug 2022 · $1.5M

EirSystems builds medication management infrastructure for healthcare providers and EHR platforms, focusing on electronic medication administration records and opioid prescription monitoring across long-term care, behavioral health, and post-acute settings.

Digital HealthEnterprise SoftwareHealthtechMedical DevicesSaaSChattanooga, US

Robert Newman(Executive Officer, Director, Promoter)inRyan Seaberg(Co-Founder)Tyler Seaberg(Executive Officer, Director, Promoter)

Co-investorsAtlanta Technology AngelsChain Reaction

I-O Urologyi-ourology.com

Develops an at-home device that measures bladder and urinary symptoms in men and generates a report for healthcare providers to support clinical decisions.

Digital HealthHardwareMedical DevicesKnoxville, US

Ryan Wilemsen(Executive Officer)Stephen Grady Arnold(Executive Officer)Britton Alan Garrett(Executive Officer, Director)John Green(Executive Officer)Brent Laing(Executive Officer, Director)Brad Rouse(Director)

Co-investorsJumpstart Capital

Intershuntintershunt.cominJan 2021 · $3M

Intershunt develops the Dynama System (also known as the PAS-C System), an investigational interatrial shunting device designed to create a pathway in the heart's upper chambers to reduce elevated left atrial pressure and relieve heart failure symptoms.

HardwareHealthtechMedical DevicesFridley, US

Harlan Lee Sorkin(Executive Officer, Director)Gil M. Vardi(Director)

BoardDenis Harrington(Director)inDavid Adair(Director)inJim Bullock(Director)

Ischemia Careischemiacare.com

Ischemia Care operates a CLIA-certified laboratory that develops blood tests for stroke patients using RNA expression analysis to determine stroke cause and improve clinical outcomes.

AI & Machine LearningDigital HealthHealthtechMedical DevicesOxford, US

Jeffrey June(Executive Officer, Director)Teresa June(Executive Officer)in

Co-investorsBroadview VenturesEarly Stage Partners, LP

Jazz Pharmaceuticaljazzpharma.comin𝕏

Jazz Pharmaceuticals is a biopharmaceutical company developing treatments for rare diseases and cancers, with a focus on oncology and biomarker-driven therapies such as those targeting HER2-expressing cancers.

BiotechHealthtech

Co-investorsLongitude CapitalProspect Venture PartnersRex Health Ventures

Knopp Biosciencesknoppbio.comSeries C · Nov 2020 · $14M

Knopp Biosciences is a privately held company that manages a portfolio of future milestone payments and product royalties from drug pipelines it sold or spun off in 2022.

BiotechHealthtechPittsburgh, US

Thomas V. Petzinger, Jr.(LLC Manager)Michael E. Bozik(LLC Manager)Steven Dworetzky(Executive Officer)

BoardBenjamin A. Gomez(LLC Manager)Jeffrey S. McCormick(LLC Manager)inGregory T. Hebrank(LLC Manager)

Co-investorsSaturn Partners

NX Prenatalnxprenatal.com

NX Prenatal is a molecular diagnostics company developing exosome-based liquid biopsy assays that detect adverse pregnancy conditions such as preterm birth, preeclampsia, and placenta accreta.

BiotechDigital HealthFemTechHealthtechLouisville, US

Paul Kortschak(Chief Executive Officer)GAIL PAGE(Executive Officer, Director)BRIAN BROHMAN(Executive Officer, Director)ROBERT SAUNDERS(Director)KEVIN BRAMER(Director)ALAN MACK(Director)

Co-investorsBelle Impact FundKeyhorse CapitalMindshift CapitalGolden SeedsPortfolia

Olympusamericaolympusamerica.com

Olympus develops medical technologies and solutions for detecting and treating disease.

HardwareHealthtechMedical Devices

Pathwarepathware.cominApr 2022 · $7M

Pathware provides real-time biopsy quality assessment technology for pathologists to determine sample adequacy on-site, reducing repeat procedures and unnecessary surgeries.

AI & Machine LearningHealthtechMedical Devices

Co-investorsCANTILEVER INVESTORSInnoventures IowaNext Level VenturesLevel Eight Ventures

Phenomics Healthphenomicshealth.cominOct 2022

Phenomics Health builds a medication-response intelligence platform that combines high-complexity clinical laboratory testing, pharmacogenomics, pharmacometabolomics, and AI-enabled analytics to support precision prescribing and medication decisions.

AI & Machine LearningDigital HealthHealthtechPlymouth, US

Brian D. Athey(Co-founder)Daniel Jasewicz(Company Leadership (Strategy & Commercialization))inGerry Higgins(Scientific Strategy Lead)inAlex Ade(Technology & Data Science Lead)inPamela Weir(Director)Lew Wallace(Director)

Pretelhealthpretelhealth.com

PreTel develops wearable uterine electromyography sensors and AI-powered analysis software to monitor uterine contractions during pregnancy, enabling early detection of preterm labor, assessment of false labor, and guided Pitocin dosing during labor induction for obstetric care providers.

AI & Machine LearningFemTechMedical DevicesChattanooga, US

Roger Young(Chief Medical Officer / Founder)Marc Finch(CEO)

BoardMark A Samuels(Chairman)

Co-investorsTech Square Ventures

Vektor Medicalvektormedical.cominSeries A · Feb 2024 · $16M

Vektor Medical develops patient-specific computational models of cardiac electrophysiology to support the diagnosis and treatment of heart arrhythmias.

AI & Machine LearningDigital HealthHealthtechMedical DevicesCarlsbad, US

Chris Villongco(Head of Technology / CTO)inRob Krummen(CEO (formerly President & COO))inKelly Perez(Head of Finance)inAlexander Michael Monko(Executive Officer, Director)

Co-investorsTVM CapitalTVM Capital Life Science

Veran Medicalveranmedical.comAcquired

St.

HealthtechSt. Louis, US

Scott Wrightstone(Executive Officer)inMaureen Oehler(Executive Officer)Jason Pesterfield(Executive Officer, Director)inRyan Denney(Executive Officer)inMark Hunter(Executive Officer)inRobert Powers(Executive Officer)in

Co-investorsRC CapitalRex Health VenturesAdvantage Capital PartnersProlog VenturesVensana CapitalVersant Ventures

Vesaliovesalio.comin𝕏Jul 2021

Vesalio develops stroke treatment technology, specifically devices and systems for endovascular neurosurgical interventions to treat acute ischemic and hemorrhagic stroke.

Deep TechHealthtechMedical Devices

Arthur J. Ulm(CTO/Founder/Board Member)

Other

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

Bio 54, LLCAegeamedicalAerial BioPharmaAnogenBioStable Science and EngineeringEliraNeuronExNxTheraRediscovery Life SciencesRediscoverylsTransomic

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 · 3

2 IPOs · 1 acquisitions · showing 2

ShionogiOTC: SGIOFTvardi TherapeuticsNASDAQ: TVRD

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Solas BioVentures made?
Solas BioVentures has 41 tracked investments, 3 of which have exited, including 1 dated in the last 24 months.
What stage does Solas BioVentures invest at?
Solas BioVentures invests at the Pre-Seed, Seed, Series A, Series B stages.
What sectors does Solas BioVentures focus on?
Solas BioVentures focuses on Biotech, Digital Health, Healthtech, Medical Devices.
Where is Solas BioVentures located?
Solas BioVentures is headquartered in Chattanooga, US.
Does Solas BioVentures lead rounds?
Solas BioVentures has led 3 of the 7 rounds where its role is on record.
Who does Solas BioVentures co-invest with?
Solas BioVentures most often shares deals with Rex Health Ventures, ARCH Venture Partners, Broadview Ventures, among 45 tracked co-investors.
What size deals does Solas BioVentures back?
Across 10 deals with disclosed amounts, Solas BioVentures has joined rounds of $1.5M – $55M (median $16M).

Images

Solas BioVentures photoSolas BioVentures photoSolas BioVentures photoSolas BioVentures photoSolas BioVentures photoSolas BioVentures photo

Co-investors · 1

Arboretum Ventures

Arboretum Ventures is a Midwest-based venture capital firm focused on the healthcare industry, investing in early-stage companies across medical devices, life science tools and diagnostics, tech-enabled care delivery, and pharma adjacencies.

Both backed · 1
$5M – $15M

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

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