
Longitude Capital
Description
Longitude Capital is a prominent venture capital firm based in Menlo Park, California, dedicated to investing in transformative biotechnology and medical technology companies. Established with a deep focus on the healthcare sector, the firm primarily targets late-stage venture and growth equity opportunities, though it also engages in select early-stage investments. Their investment strategy centers on identifying companies with compelling scientific platforms, strong management teams, and significant potential to address unmet medical needs or improve patient care. Longitude Capital's expertise spans various therapeutic areas and medical device innovations, reflecting a comprehensive approach to healthcare investment.
The firm has a robust track record of raising substantial capital to support its investment activities. In 2023, Longitude Capital successfully closed its seventh fund, Longitude Capital VII, with a significant commitment of $630 million. This latest fund underscores the firm's continued ability to attract capital from a diverse base of limited partners, including endowments, foundations, and institutional investors. The consistent growth in their fund sizes over the years demonstrates investor confidence in their specialized investment thesis and their team's ability to generate returns within the complex healthcare landscape.
Longitude Capital's investment philosophy emphasizes providing significant capital and strategic guidance to its portfolio companies. They often act as lead or co-lead investors in financing rounds, enabling companies to advance clinical trials, scale manufacturing, and bring innovative products to market. With total capital raised across all its funds now exceeding $2.5 billion, Longitude Capital possesses substantial resources to support its portfolio companies through various stages of development, from initial investment through to potential public offerings or strategic acquisitions. Their long-term perspective and deep industry networks are crucial assets for the companies they back, helping to navigate regulatory pathways and commercialization challenges inherent in the biotech and medtech sectors.
Investor Profile
Longitude Capital has backed more than 122 startups, with 11 new investments in the last 12 months alone. The firm has led 43 rounds, about 35% of its total and boasts 36 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series B, Series C, Series A rounds (top funding stages).
- Majority of deals are located in United States, Canada, Ireland.
- Strong thematic focus on Health Care, Biotechnology, Medical.
- Led 3 rounds in the past year.
- Typical check size: $10M – $40M.
Stage Focus
- Series B (24%)
- Series C (20%)
- Series A (18%)
- Series D (10%)
- Series Unknown (9%)
- Post Ipo Equity (6%)
- Private Equity (5%)
- Series E (3%)
- Debt Financing (2%)
- Series F (2%)
Country Focus
- United States (90%)
- Canada (4%)
- Ireland (2%)
- Switzerland (2%)
- France (1%)
- United Kingdom (1%)
Industry Focus
- Health Care
- Biotechnology
- Medical
- Therapeutics
- Pharmaceutical
- Medical Device
- Biopharma
- Health Diagnostics
- Manufacturing
- Life Science
Frequently Asked Questions
Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.