About PagsGroup
PagsGroup is a venture capital firm founded in 2013. It is primarily based out of Dover, United States. As of Mar 2024, PagsGroup has invested in 7 companies. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Life Sciences and HealthTech. Most recently it participated in the $***** Seed round of Milu Health Overall, PagsGroup portfolio has seen 2 unicorns and 1 acquisition, namely Teamworks, Liquid AI and Memora Health. A lot of funds co-invest with PagsGroup, with names like Seaport Capital sharing a substantial percentage of its portfolio. PagsGroup has team of 3 people including 2 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series B & 2 more
Portfolio Acquisitions
Portfolio Soonicorns
PagsGroup's List of Top Investments
PagsGroup has a portfolio of 7 companies, including 2 unicorns. Their most notable investments are in Liquid AI and Fog Pharmaceuticals.Their portfolio spans across and United States. They have invested in Enterprise Applications, Life Sciences, HealthTech and 3 other sectors, across stages such as Seed, Series B and 2 more. Here is the list of top investments by PagsGroup:1. Teamworks
Provider of an operating system for sports team management solutions. The platform offers tools for talent acquisition, operational streamlining, and performance development. It facilitates communication, scheduling, and file sharing to keep athletes and staff synchronized. The system automates workflows and provides insights to simplify logistics. It equips athletes and staff with resources for preparation, competition, and recovery.
Key facts about Teamworks
- Founded Year: 2006
- Location: Durham (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $411M
- Employee Count: 757 as on Apr 30, 2026
- Investors: Dragoneer Investment Group, AllianceBernstein and 23 Others
- Latest Funding Round: Series F, Jun 05, 2025, $*****
- Highlight: Editors' Pick
2. Liquid AI
Developer of efficient AI models and deployment platforms for various applications. The company provides tools for customizing, optimizing, and deploying AI on devices. It offers solutions for enterprise and startup businesses, along with developer resources. The company's products support industries including automotive, consumer electronics, finance, and healthcare.
Key facts about Liquid AI
- Founded Year: 2023
- Location: Brookline (United States)
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $297M
- Employee Count: 124 as on May 31, 2026
- Investors: Breyer Capital, AMD and 21 Others
- Latest Funding Round: Series A, Dec 13, 2024, $*****
- Highlight: Editors' Pick
Memora Health is a digital health company developing an ‘intelligent’ mobile messaging and analytics platform to improve chronic disease management. Hospitals and clinics can use the platform to automate the process of helping patients remember their medication and appointment schedules, improve self-care of chronic illnesses, and receive feedback from patients on their well-being through personalized text messages. Physicians can use the web-based analytics platform to personalize treatment plans based on patient feedback. Pharmaceutical companies can utilize the platform to run clinical trials and to get patient feedback on drug side-effects outside an isolated clinical setting.
Key facts about Memora Health
- Founded Year: 2015
- Location: Boston (United States)
- Stage: Acquired
- Total Funding till date: $80.6M
- Employee Count: 23 as on May 31, 2026
- Investors: General Catalyst, Frist Cressey Ventures and 22 Others
- Latest Funding Round: Series B, Apr 18, 2023, $*****
- Highlight: Acquired
4. RatioTX
Developer of targeted radiotherapeutics for the treatment of cancers. It offers Trillium technology that targets scaffolds and combines pharmacokinetic modulation with chelation technology to create small molecule targeting agents to attack a broad array of cancer targets.
Key facts about RatioTX
- Founded Year: 2021
- Location: Boston (United States)
- Stage: Series B
- Total Funding till date: $90M
- Employee Count: 81 as on May 31, 2026
- Investors: Bristol-Myers Squibb, Cornell University and 3 Others
- Latest Funding Round: Series B, Dec 07, 2023, $*****
- Highlight: Editors' Pick
5. Milu Health
Online platform offering multiple healthcare services for doctors. The company offers a patient portal that provides online access to medical records and allows patients to communicate with their healthcare providers, make appointments, and request prescription refills.
Key facts about Milu Health
- Founded Year: 2013
- Location: New York City (United States)
- Stage: Seed
- Total Funding till date: $4.8M
- Employee Count: 17 as on May 31, 2026
- Investors: KohFounders, Hypothesis and 4 Others
- Latest Funding Round: Seed, Mar 11, 2024, $*****
PagsGroup's Year-on-Year Investment Trends
PagsGroup has invested in 7 companies over the last 10 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Milu Health and most recent follow-on round was in Fog Pharmaceuticals.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 1 | 0 | 1 |
2023 | 4 | 0 | 4 |
2022 | 0 | 1 | 1 |
2021 | 1 | 0 | 1 |
PagsGroup's Investments by Stage
PagsGroup has made 3 investments in Seed stage with an average round size of $18.2M, 2 investments in Series B stage with an average round size of $40.3M, 1 investment in Series A stage with an average round size of $6.25M and 1 investment in Series C stage with an average round size of $107M.Stage of entry | No. of Investments |
|---|---|
Seed | 3 |
Series B | 2 |
Series A | 1 |
Series C | 1 |
Note: We have considered here, only first round of investments
PagsGroup's Investments by Sector
PagsGroup has a diverse portfolio, with companies operating in the Enterprise Applications, HealthTech, Life Sciences, Consumer and High Tech. Notably, it has invested in 7 Tech companies, 6 Enterprise (B2B) companies, 4 Software companies and at least 2 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 5 |
HealthTech | 2 |
Life Sciences | 2 |
Consumer | 1 |
High Tech | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
PagsGroup's Investments by Geography
PagsGroup has made most investments in United States (7).PagsGroup's recent investments
PagsGroup has not made any investment in 2026 so far.Here are the most recent investments by PagsGroup:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 11, 2024 | United States | Seed | 1736 | [+2] | |
Dec 07, 2023 | United States | Series B | 7376 | ||
Dec 06, 2023 | United States | Seed | 6536 | [+17] | |
Sep 21, 2023 | United States | Seed | 4873 | [+4] | |
Apr 18, 2023 | United States | Series B | 4264 | [+5] |
Unicorns in PagsGroup's Portfolio
PagsGroup has 2 unicorns in its portfolio - Teamworks and Liquid AI. The most recent unicorn in their portfolio is Teamworks. It became a unicorn in 2025, 8 years after PagsGroup first invested in it.Here is a list of unicorns in PagsGroup's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
73 | Provider of an operating system for sports team management solutions | 2006 | Durham | Series F | ldeqflw | ||
64 | Developer of efficient AI models and deployment platforms for various applications | 2023 | Brookline | Series A | gzfgn{p |
Acquired companies in PagsGroup's Portfolio
1 company from PagsGroup's portfolio has been acquired. The most recent acquisition was Memora Health in Dec 2024 by Commure for $*****.Here are PagsGroup's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 20, 2024 | Apr 18, 2023 | Series B | 9126 |
Team profile of PagsGroup
PagsGroup has a team of 3 members including 2 Partners located in United States. PagsGroup's team does not sit on the board of any company as of now.Co-investors of PagsGroup
Over the past 10 years, 94 investors have co-invested in PagsGroup's portfolio companies. This includes funds and angels.
- Invested before PagsGroup: Andreessen Horowitz, AlleyCorp and 23 others have invested in rounds before PagsGroup. There is 1 company where Andreessen Horowitz has invested before PagsGroup and 1 company where AlleyCorp has invested before PagsGroup.
- Top Co-investors of PagsGroup: 40 investors entered a company along with PagsGroup. These include investors like Seaport Capital (1 company).
- Invested after PagsGroup: A total of 29 investors have invested in PagsGroup's portfolio after their investments. Top Investors include General Catalyst (2 companies), Delta-v Capital (1 company) and AFIA (1 company).
