About Ghost Tree Partners
Ghost Tree Partners, established in 2021, is a private debt fund primarily based in Irvine, United States. It specializes in financing Conventional Debt round of companies based in United States. Its portfolio includes 5 firms, spanning the HealthTech, Enterprise Applications sectors.
As of Oct 2026, Ghost Tree Partners has witnessed 1 portfolio exit so far. Its most notable investments include companies like EMBR labs, Anonos and Blue Spark Technologies.
Its latest investment was a $30M Venture Debt round in Position Imaging on Oct 19, 2023.
Key Metrics
Founded Year
2021
Location
Irvine, United States
Sectors of Investment
Stages of Investment
Conventional Debt, Seed & 2 more
Locations of Investment
Ghost Tree Partners' List of All Investments
Ghost Tree Partners has a portfolio of 5 companies. Their most notable investments are in Job.com and Blue Spark Technologies.Their portfolio spans across and United States. They have invested in HealthTech, Enterprise Applications, High Tech and 2 other sectors, across stages such as Conventional Debt, Seed and 2 more. Here is the list of all investments by Ghost Tree Partners:
1. EMBR labs
Provider of a wearable device for monitoring body temperature. The device offers cooling and warming sensations through a wristband. It utilizes thermal waves to stimulate temperature sensitive nerves. The device is designed to provide relief for thermal discomfort. The related mobile application allows users to personalize the experience. The device is worn on the wrist, which is an area of blood flow, and cools or warms the body at a rate of about 0.4 degrees Celsius per second. The prototype consists of a copper alloy based heat sink and a system to control thermal impulses.
Key facts about EMBR labs
- Founded Year: 2014
- Location: Boston (United States)
- Stage: Series B
- Total Funding till date: $15M
- Employee Count: 18 as on Aug 31, 2026
- Investors: Bose Ventures, Aon and 14 Others
- Latest Funding Round: Series B, Oct 16, 2024, $*****
- Highlight: Editors' Pick

2. Anonos
Provider of cloud data security solutions. It is a data security platform that enables enterprises to leverage high-fidelity data products with accuracy, while ensuring compliance with data protection regulations. The company provides a data security solution that eliminates the tradeoff between data protection and utility, that allows organizations to create value from the data while preserving privacy and security.
Key facts about Anonos
- Founded Year: 2012
- Location: New York City (United States)
- Stage: Series B
- Total Funding till date: $70M
- Employee Count: 24 as on Aug 31, 2026
- Investors: Aon, Edison Partners and 1 Other
- Latest Funding Round: Conventional Debt, Oct 19, 2022, $*****
- Highlight: Editors' Pick
Blue Spark Technologies develops flexible, printed, “green,” proprietary power source solutions for battery-powered printed electronic systems. The company was founded as Thin Battery Technologies in 2002 with patented technology and technical leadership from Energizer (Eveready Battery Company). Blue Spark customers include manufacturers, product designers, and integrators across multiple industries including: interactive packaging, RFID, pharmaceutical, powered smart cards, and novelty items.
Key facts about Blue Spark Technologies
- Founded Year: 2003
- Location: Westlake (United States)
- Stage: Acquired
- Total Funding till date: $80.5M
- Employee Count: 31 as on Aug 31, 2026
- Investors: Aon, Early Stage Partners and 3 Others
- Latest Funding Round: Series D, Nov 28, 2023, $*****
- Highlight: Acquired
3DWIFI provides an indoor positioning technology. It claims that its wireless tracking technology in indoor space is highly accurate. It enables the user to create a virtual 3D interactive space and helps with indoor navigation.
Key facts about Position Imaging
- Founded Year: 2006
- Location: Portsmouth (United States)
- Stage: Series B
- Total Funding till date: $26.1M
- Employee Count: 58 as on Aug 31, 2026
- Investors: Rationalwave and Ghost Tree Partners
- Latest Funding Round: Venture Debt, Oct 19, 2023, $*****
- Highlight: Editors' Pick

5. Job.com
Online job board platform for the multi industry. It allows employers to search and connect with candidates for job vacancies using smart contracts on the blockchain technology. Candidates need to register themselves on the platform and upload their resumes in order to apply for jobs. The offering sectors include engineering, finance, healthcare, etc.
Key facts about Job.com
- Founded Year: 2001
- Location: Austin (United States)
- Stage: Seed
- Employee Count: 209 as on Aug 31, 2026
- Investors: Falcon Capital, Alpha Sigma Capital and 4 Others
- Latest Funding Round: Seed, Nov 29, 2022, $*****
- Highlight: Editors' Pick
Ghost Tree Partners' Year-on-Year Investment Trends
Ghost Tree Partners has invested in 5 companies over the last 4 years, with an average of 0 new investment annually in the last 3 years. Its most recent first time investment was in Position Imaging.Ghost Tree Partners' Investments by Stage
Ghost Tree Partners has made 2 investments in Conventional Debt stage with an average round size of $42.5M, 1 investment in Seed stage, 1 investment in Series D stage with an average round size of $40M and 1 investment in Venture Debt stage with an average round size of $30M.Stage of entry | No. of Investments |
|---|---|
Conventional Debt | 2 |
Seed | 1 |
Series D | 1 |
Venture Debt | 1 |
Note: We have considered here, only first round of investments
Ghost Tree Partners' Investments by Sector
Ghost Tree Partners has a diverse portfolio, with companies operating in the Enterprise Applications, HealthTech, Enterprise Infrastructure, High Tech and Semiconductors. Notably, it has invested in 5 Tech companies, 4 Enterprise (B2B) companies, 2 Consumer (B2C) companies and at least 2 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 3 |
HealthTech | 2 |
Enterprise Infrastructure | 1 |
High Tech | 1 |
Semiconductors | 1 |
Note: We have considered here, only first round of investments
Ghost Tree Partners' Investments by Geography
Ghost Tree Partners has made most investments in United States (5).Ghost Tree Partners' recent investments
Ghost Tree Partners has not made any investment in 2026 so far.Here are the most recent investments by Ghost Tree Partners:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 19, 2023 | United States | Venture Debt | 8330 | - | |
May 03, 2023 | United States | Conventional Debt | 5592 | ||
Nov 29, 2022 | United States | Seed | 7661 | ||
Oct 19, 2022 | United States | Conventional Debt | 6456 | ||
Apr 18, 2022 | United States | Series D | 3962 |
Acquired companies in Ghost Tree Partners' Portfolio
1 company from Ghost Tree Partners' portfolio has been acquired. The most recent acquisition was Blue Spark Technologies.Here are Ghost Tree Partners' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 28, 2025 | Apr 18, 2022 | Series D | 1279 |
Team profile of Ghost Tree Partners
Ghost Tree Partners has a team of 4 members including 3 Partners.Here is a list of all team members in Ghost Tree Partners:
Name | Designation | Location | Contact Details |
|---|---|---|---|
Partner | - | ||
Partner | - | ||
Partner | - |
Co-investors of Ghost Tree Partners
Over the past 4 years, 13 investors have co-invested in Ghost Tree Partners's portfolio companies. This includes only funds.
- Invested before Ghost Tree Partners: Intel Capital, DigiTx Partners and 9 others have invested in rounds before Ghost Tree Partners. There is 1 company where Intel Capital has invested before Ghost Tree Partners and 1 company where DigiTx Partners has invested before Ghost Tree Partners.
- Top Co-investors of Ghost Tree Partners: 2 investors entered a company along with Ghost Tree Partners. These include investors like Aon (3 companies).
Recent News related to Ghost Tree Partners
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Position Imaging Secures $30M Funding to Support Growth and Market ExpansionBusiness Wire•Oct 19, 2023•Position Imaging, Ghost Tree Partners, Aon
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Ghost Tree Partners Leads $35MM in IP-Based Debt Financing to Support Embr LabsABFJournal•May 04, 2023•EMBR labs, Ghost Tree Partners, Aon
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Job.com Secures IP-Backed Growth Financing from Serengeti Asset Management and Ghost Tree PartnersPR Newswire•Nov 29, 2022•Job.com, Serengeti Asset Management, Ghost Tree Partners, Soja Ventures
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Anonos Secures $50 Million in IP-Backed Financing to Deliver Data Privacy Technology with 100% Accuracy and Utility to Data-Driven EnterprisesInsuranceNewsNet•Oct 19, 2022•Anonos, Ghost Tree Partners, Aon, Edison Partners and 1 other
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Blue Spark Technologies Raises $40 Million in Growth FundingMedical Device News•Apr 18, 2022•Blue Spark Technologies, GT Investments, Aon, Ghost Tree Partners
