About Deerfield
Deerfield, established in 1994, is a private debt fund primarily based in New York City, United States. It specializes in financing Series B round of companies based in United States. Its portfolio includes 228 firms, spanning the Life Sciences, High Tech sectors.
As of Aug 2026, Deerfield has 3 unicorns under its belt and has witnessed 141 portfolio exits so far. Its most notable investments include companies like BridgeBio, Invitae and Schrodinger.
Its latest investment was a $125M Series B round in Ray Therapeutics on Apr 21, 2026, which also saw participation from Janus Henderson Investors and Adage Capital Management.
Key Metrics
Founded Year
1994
Location
New York City, United States
Sectors of Investment
Stages of Investment
Series A, Series C & 9 more
Locations of Investment
Deerfield's List of Top Investments
Deerfield has a portfolio of 228 companies, including 3 unicorns. Their most notable investments are in R3 Vascular and Presidio Medical.Their portfolio spans across United States, Israel, United Kingdom and 6 more locations. They have invested in Life Sciences, High Tech, HealthTech and 13 other sectors, across stages such as Series A, Series C and 9 more. Here is the list of top investments by Deerfield:
1. BridgeBio
Developer of therapeutics for the treatment of genetic diseases. It utilizes a mapping of various genetic disease landscapes to identify opportunities for therapeutic intervention. The company's drug candidates include PTCH1-inhibitor for Gorlin syndrome and S1P-lyase inhibitor for Darier disease and Hailey-Hailey disease and others.
Key facts about BridgeBio
- Founded Year: 2015
- Location: Palo Alto (United States)
- Annual Revenue: $500M - $1B as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $434M
- Employee Count: 948 as on Apr 30, 2026
- Investors: Athyrium Capital Management, Aisling Capital and 20 Others
- Latest Funding Round: Post IPO, Apr 30, 2024, $*****
- Highlight: Public
2. Invitae
Provider of home-based genetic tests for individuals. The platform enables users to request a test online with the help of doctors to collect saliva samples to detect genetic diseases. Users can get results online and share them with doctors.
Key facts about Invitae
- Founded Year: 2010
- Location: San Francisco (United States)
- Annual Revenue: $500M - $1B as on Dec 31, 2022
- Stage: Public
- Total Funding till date: $190M
- Employee Count: 677 as on Jun 30, 2026
- Investors: Scheuermann Investment, Oberland Capital and 22 Others
- Latest Funding Round: Post IPO, Apr 05, 2021, $*****
- Highlight: Public

3. Schrodinger
Provider of a web-based simulation and modelling tool for computational chemistry and drug discovery. It has developed a software solution for computational chemistry and material designing. Its proprietary platform is a simulation-based modelling platform that offers protein-protein docking, protein modelling, protein engineering, and antibody modelling study. It also offers products that help in treating oesophageal, ovarian, pancreatic, breast, and lung cancers.
Key facts about Schrodinger
- Founded Year: 1990
- Location: New York City (United States)
- Annual Revenue: $100M - $500M as on Dec 31, 2025
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $162M
- Employee Count: 1,002 as on Jun 30, 2026
- Investors: HTIF, Laurion Capital and 16 Others
- Latest Funding Round: Grant (prize money), Nov 18, 2021, $*****
- Highlight: Acquired
4. Insulet
Manufacturer of wearable, tubeless insulin delivery systems for diabetes management. The company develops and provides simple, connected devices for continuous insulin delivery. These devices offer an alternative to multiple daily injections. The company focuses on research and development to improve its technologies.
Key facts about Insulet
- Founded Year: 2000
- Location: Boston (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $120M
- Employee Count: 5,306 as on Jun 30, 2026
- Investors: Piper Jaffray, Orbimed and 13 Others
- Latest Funding Round: Post IPO, Jun 03, 2014, $*****
- Highlight: Public
Developer of gene therapy for rare diseases. It offers engineered adeno associated viruses to deliver the target gene sequence to the patient for RPE-65 mediated inherited retinal dystrophies. The company is also developing therapies for choroideremia, hemophilia A&B, and neurodegenerative diseases such as Batten's disease.
Key facts about Spark Therapeutics
- Founded Year: 2013
- Location: Philadelphia (United States)
- Annual Revenue: $50M - $100M as on Dec 31, 2018
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $82.8M
- Employee Count: 304 as on Mar 31, 2026
- Investors: Brookside Capital, T. Rowe Price and 6 Others
- Latest Funding Round: Series B, May 23, 2014, $*****
- Highlight: Acquired
Deerfield's Year-on-Year Investment Trends
Deerfield has invested in 233 companies over the last 20 years, with an average of 13 new investments annually in the last 10 years. In 2025, it made 10 investments, while as of Apr 2026, it has made 3 investments in this year. Its most recent first time investment was in Excelsior Sciences and most recent follow-on round was in Ray Therapeutics.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 3 | 3 |
2025 | 7 | 3 | 10 |
2024 | 11 | 5 | 16 |
2023 | 9 | 3 | 12 |
2022 | 12 | 4 | 16 |
2021 | 24 | 9 | 33 |
2020 | 18 | 4 | 22 |
2019 | 13 | 5 | 18 |
2018 | 22 | 4 | 26 |
2017 | 8 | 5 | 13 |
Deerfield's Investments by Stage
Deerfield has made 44 investments in Series A stage with an average round size of $42.5M, 40 investments in Series C stage with an average round size of $72.1M and 39 investments in Series B stage with an average round size of $60.5M.Stage of entry | No. of Investments |
|---|---|
Series A | 44 |
Series C | 40 |
Series B | 39 |
Post IPO | 25 |
Series D | 20 |
Others | 28 |
Note: We have considered here, only first round of investments
Deerfield's Investments by Sector
Deerfield has a diverse portfolio, with companies operating in the Life Sciences, High Tech, Enterprise Applications, HealthTech and Healthcare. Notably, it has invested in 192 Tech companies, 182 Enterprise (B2B) companies, 55 Software companies and at least 33 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
Life Sciences | 155 |
High Tech | 39 |
Enterprise Applications | 34 |
HealthTech | 32 |
Healthcare | 16 |
Others | 51 |
Note: We have considered here, only first round of investments
Deerfield's Investments by Geography
Deerfield has made most investments in United States (178), followed by Israel where it has made 5 investments.Country | No. of Investments |
|---|---|
United States | 178 |
Israel | 5 |
Canada | 3 |
United Kingdom | 3 |
France | 2 |
Others | 5 |
Note: We have considered here, only first round of investments
Deerfield's recent investments
Deerfield has made 3 investments in 2026 so far. Ray Therapeutics and Neomorph are the latest among them.Here are the most recent investments by Deerfield:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 21, 2026 | United States | Series B | 2754 | ||
Apr 13, 2026 | United States | Series B | 8503 | [+3] | |
Feb 26, 2026 | United States | Series D | 5240 | [+4] | |
Dec 03, 2025 | United States | Series A | 7977 | [+5] | |
Sep 25, 2025 | United States | Series A | 1432 | [+3] |
Unicorns in Deerfield's Portfolio
Deerfield has 3 unicorns in its portfolio - Somatus, Headspace and LetsGetChecked. The most recent unicorn in their portfolio is Somatus. It became a unicorn in 2022, 1 years after Deerfield first invested in it.Here is a list of unicorns in Deerfield's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
47 | Software enabled concierge services company to help manage chronic kidney disease | 2015 | Dunn Loring | Series E | doxsizd | ||
72 | Provider of mental health support services via application and human care | 2010 | Santa Monica | Series C | swmpynf | ||
56 | Online platform to order at home diagnostic tests for all health conditions | 2013 | Dublin | Series D | dzkfpfs |
IPOs and Publicly Listed companies in Deerfield's Portfolio
67 of Deerfield's portfolio companies have become public. Parabilis Medicines got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Jun 2026 at marketcap of $2.33B and In Silico got listed on the Hong Kong Exchanges (HKG) at marketcap of $1.72B.Here are Deerfield's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 10, 2026 | Nov 17, 2022 | Series D | 1636 | |
Dec 30, 2025 | Jun 22, 2021 | Series C | 6095 | |
Sep 13, 2024 | Dec 12, 2023 | Series C | 1423 | |
Feb 02, 2024 | Nov 30, 2017 | Series D | 8088 | |
Sep 15, 2022 | Dec 19, 2018 | Series C | 1902 |
Acquired companies in Deerfield's Portfolio
74 companies from Deerfield's portfolio have been acquired. The most recent acquisition was Concert in Jul 2026 by Lyric for $*****.Here are Deerfield's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 15, 2026 | Jan 08, 2018 | Series B | 9877 | |
Jun 09, 2026 | Jan 27, 2021 | Series A | 7587 | |
May 13, 2026 | Mar 12, 2015 | Conventional Debt | 6952 | |
Apr 20, 2026 | Feb 04, 2019 | Series C | 1400 | |
Mar 25, 2026 | Jan 05, 2021 | Series C | 4011 |
Team profile of Deerfield
Deerfield has a team of 16 members including 9 Partners and 1 Principal located in United States.Here is a list of top team members in Deerfield:
Name | Designation | Location | Contact Details |
|---|---|---|---|
Partner | New York City | ||
Partner | Charlotte | ||
Partner | - | ||
Partner | New York City | - | |
Partner | Saint Louis | ||
Partner | United States | ||
Partner | New York City | ||
Partner | United States | ||
Partner | United States | ||
Principal | New York |
Co-investors of Deerfield
Over the past 20 years, 1076 investors have co-invested in Deerfield's portfolio companies. This includes funds and angels.
- Invested before Deerfield: HHS, Orbimed and 479 others have invested in rounds before Deerfield. There are 17 companies where HHS has invested before Deerfield and 10 companies where Orbimed has invested before Deerfield.
- Top Co-investors of Deerfield: 341 investors entered a company along with Deerfield. These include investors like RA Capital Management (20 companies).
- Invested after Deerfield: A total of 254 investors have invested in Deerfield's portfolio after their investments. Top Investors include RA Capital Management (8 companies) and Perceptive Advisors (7 companies).
Recent News related to Deerfield
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Coultreon Biopharma Secures $125M Series A to Advance Immunology PipelineBioSpace•Apr 28, 2026•Novo Holdings, Forbion, Sofinnova Investments, Finchley Healthcare Ventures and 16 others
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AP Neomorph Announces Closing of $100 Million Series B FinancingBakersfield•Apr 13, 2026•Deerfield, Regeneron Ventures, Neomorph, Longwood Fund and 2 others
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Taalas raises $169M in funding to develop model-specific AI chipsSiliconAngle•Feb 20, 2026•Taalas, Fidelity Investments, Quiet Capital, Sumitomo and 5 others
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Li Feifei's startup World Labs completes a new round of $1 billion in financingEastmoney•Feb 19, 2026•World Labs, Fidelity Investments, AMD, Emerson and 12 others
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Excelsior Sciences in NY raised $95 million by Legoizing drug discovery with AI automatic synthesisTHE BRIDGE•Dec 26, 2025•Khosla Ventures, Lilly, Excelsior Sciences, Deerfield and 1 other
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Nuvalent Announces Pricing of Public Offering of Common StockFinancial Times•Nov 19, 2025•Nuvalent, Cantor Fitzgerald, Jefferies, Deerfield and 4 others
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enGene Announces Proposed Public Offering of Common SharesBusiness Wire•Nov 13, 2025•enGene, Leerink Partners, Jefferies, Wells Fargo and 6 others
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Valneva Refinances Debt with Pharmakon Advisors,Updates BusinessGlobeNewswire•Oct 06, 2025•Valneva, Pharmakon Advisors, Orbimed, Deerfield and 2 others