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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
Portfolio Companies
Sectors of Investment
Stages of Investment
Series A, Series C & 9 more
Locations of Investment
Unicorn in Portfolio

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:
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

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

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
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 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.
Here are Deerfield's investments by stage:
Stage of entry
No. of Investments
Series A
44
Series C
40
Series B
39
Post IPO
25
Series D
20
Others
28
Breakdown of Deerfield's investments by stage of entrySeries A (44)Series C (40)
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.
Here are Deerfield's investments by sector:
Sector
No. of Investments
Life Sciences
155
High Tech
39
Enterprise Applications
34
HealthTech
32
Healthcare
16
Others
51
Breakdown of Deerfield's investments by sectorsLife Sciences (155)High Tech (39)
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.
Here are Deerfield's investments by geography:
Country
No. of Investments
United States
178
Israel
5
Canada
3
United Kingdom
3
France
2
Others
5
Breakdown of Deerfield's investments by countriesUnited States (178)Israel (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
Feb 26, 2026
United States
Series D
5240
  [+4]
Dec 03, 2025
United States
Series A
7977
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 DeerfieldHHS, 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 Deerfield341 investors entered a company along with Deerfield. These include investors like RA Capital Management (20 companies).
  • Invested after DeerfieldA 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).

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