About Sanderling Ventures
Sanderling Ventures is a venture capital firm founded in 1979. It is primarily based out of San Mateo, United States. As of Apr 2025, Sanderling Ventures has invested in 59 companies. It primarily invests in Series C round in United States based startups. Its investments are spread across a wide range of sectors from Life Sciences to HealthTech and High Tech. Most recently it led the $115M Series D round of ViaCyte along with TPG. This round also saw participation from Adage Capital Management and other investors.
Overall, Sanderling Ventures portfolio has seen 10 IPOs and 22 acquisitions including key companies like Merck, Boston Scientific and Dynavax. A lot of funds co-invest with Sanderling Ventures, with names like Fonds de solidarite FTQ sharing a substantial percentage of its portfolio.
Sanderling Ventures has team of 7 people including 4 partners.
Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series B & 4 more
Portfolio IPOs
Sanderling Ventures' List of Top Investments
Sanderling Ventures has a portfolio of 59 companies. Their most notable investments are in Lineagen and Altor Bioscience.Their portfolio spans across United States, Canada, United Kingdom and 1 more locations. They have invested in Life Sciences, HealthTech, High Tech and 4 other sectors, across stages such as Series A, Series B and 4 more. Here is the list of top investments by Sanderling Ventures:1. Merck
Manufacturer of pharmaceutical products. The Company offers health solutions through its prescription medicines, vaccines, biological therapies, and animal health products, which it markets directly and through its joint ventures. It operates through one segment, Pharmaceutical. The Company's Pharmaceutical segment includes human health pharmaceutical and vaccine products marketed either directly by the Company or through joint ventures. The Company has operations in the Pharmaceutical, Animal Health, Alliances, and Healthcare Services segments. Human health pharmaceutical products consist of therapeutic and preventive agents, generally sold by prescription, for the treatment of human disorders. As of August 2014, Merck's research and development efforts have led to the approval of more new drugs than any other company. Research performed at Merck has led to U.S. FDA approval of 63 New Molecular Entities. In 2022, the company recorded annual revenues of $57.09B and a net profit of $13.03B.
Key facts about Merck
- Founded Year: 1891
- Location: Kenilworth (United Kingdom)
- Annual Revenue: 2.76B THB as on Dec 31, 2023
- Stage: Public
- Employee Count: 781 as on Dec 31, 2023
- Investors: Tekla Capital Management, Berkshire Hathaway and 11 Others
- Latest Funding Round: Grant (prize money), Sep 15, 2021, $167K
- Highlight: Public
Boston Scientific is a worldwide developer, manufacturer, and marketer of medical devices. Their products and technologies are used to diagnose or treat a wide range of medical conditions, including heart, digestive, pulmonary, vascular, urological, women's health, and chronic pain conditions. The devices include access devices, artificial sphincters, balloons, band ligators, catheters, defibrillators, guidewires, leads, needles, probes, and stents among others. It also develops surgical devices for minimally invasive surgery. Boston Scientific went public in May 1992. In 2022, the company recorded annual revenues of $12.68B and a net profit of $0.69B.
Key facts about Boston Scientific
- Founded Year: 1979
- Location: Marlborough (United States)
- Annual Revenue: 1.56B THB as on Dec 31, 2023
- Stage: Public
- Employee Count: 63,359 as on Dec 31, 2022
- Investors: JANA Partners, Wells Fargo and 7 Others
- Latest Funding Round: Grant (prize money), Dec 01, 2022, $922K
- Highlight: Public
3. Dynavax
Developer of products to prevent and treat infectious and inflammatory diseases and cancer. The lead candidate Heplisav-B Hepatitis B Vaccine combines TLR9 agonist and hepatitis B surface antigen. also developing DV2-HBV-25 for myocardial infarction, DV2-HBV-26 for immune-mediated herpes zoster, and others.
Key facts about Dynavax
- Founded Year: 1996
- Location: Berkeley (United States)
- Annual Revenue: $723M as on Dec 31, 2022
- Stage: Public
- Total Funding till date: $73.9M
- Employee Count: 408 as on Dec 31, 2023
- Investors: Great Point Partners, InterWest Partners and 22 Others
- Latest Funding Round: Post IPO, Aug 27, 2021
- Highlight: Public
Regeneron Pharmaceuticals is a developer of antibodies for the treatment of cancer, eye diseases, inflammatory diseases & others. It is developing antibody products include ARCALYST (rilonacept), an anti-inflammatory agent, EYLEA (aflibercept) Injection, also known as VEGF Trap-Eye, and Intravitreal Aflibercept injection. It has also developed PRALUENT (alirocumab) Injection that is a PCSK9 inhibitor. Its Phase 3 pipeline includes antibodies for the treatment of rheumatoid arthritis, topic dermatitis in adults, asthma, respiratory syncytial virus, chronic lower back pain, and others. Its Phase 2 pipeline drugs are for the treatment of Atopic dermatitis in children, nasal polyps, eosinophilic esophagitis, non-infectious uveitis, skeletal muscle disorders. In 2022, the company recorded annual revenues of $12.17B and a net profit of $4.33B.
Key facts about Regeneron Pharmaceuticals
- Founded Year: 1988
- Location: Tarrytown (United States)
- Annual Revenue: $6.71B as on Dec 31, 2018
- Stage: Public
- Employee Count: 13,450 as on Dec 31, 2023
- Investors: Tekla Capital Management, Ridgeback Capital Management and 6 Others
- Highlight: Public
5. Chimerix
Developer of antiviral oral therapeutics. The product pipeline includes Brincidofovir for smallpox, ONC201 for mutant glioma, DSTAT for acute myeloid leukemia, and ONC206 for solid tumors. It improves the quality of life for patients in multiple settings, including transplant, oncology, acute care, and global health.
Key facts about Chimerix
- Founded Year: 2002
- Location: Durham (United Kingdom)
- Annual Revenue: $33.8M as on Dec 31, 2022
- Stage: Acquired
- Total Funding till date: $95.2M
- Employee Count: 72 as on Dec 31, 2023
- Investors: Aisling Capital, InterWest Partners and 12 Others
- Latest Funding Round: Post IPO, Nov 2014, $122M
- Highlight: Acquired
Sanderling Ventures' Year-on-Year Investment Trends
Sanderling Ventures has invested in 59 companies over the last 28 years, with an average of 1 new investment annually in the last 10 years. As of Apr 2025, it has made 1 investment in this year. Its most recent first time investment was in SpecificiT Pharma and most recent follow-on round was in Glycomine.
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Sanderling Ventures' Investments by Stage
Sanderling Ventures has made 16 investments in Series A stage with an average round size of $13.9M, 10 investments in Series B stage with an average round size of $25.7M and 8 investments in Series C stage with an average round size of $30.1M.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
---|---|
Series A | 16 |
Series B | 10 |
Series C | 8 |
Seed | 4 |
PE | 1 |
Others | 1 |
Sanderling Ventures' Investments by Sector
Sanderling Ventures has a diverse portfolio, with companies operating in the Life Sciences, High Tech, Sustainability Tech, HealthTech and Healthcare. Notably, it has invested in 44 Tech companies, 31 Enterprise (B2B) companies, 3 Consumer (B2C) companies and at least 3 companies focusing on Tech hardware.
Note: We have considered here, only first round of investments
Sector | No. of Investments |
---|---|
Life Sciences | 38 |
High Tech | 6 |
Sustainability Tech | 5 |
HealthTech | 3 |
Healthcare | 3 |
Others | 7 |
Sanderling Ventures' Investments by Geography
Sanderling Ventures has made most investments in United States (35), followed by Canada where it has made 4 investments.
Note: We have considered here, only first round of investments
Country | No. of Investments |
---|---|
United States | 35 |
Canada | 4 |
United Kingdom | 1 |
Sanderling Ventures' recent investments
Here are the most recent investments by Sanderling Ventures:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
---|---|---|---|---|---|
Apr 16, 2025 | United States | Series C | $115M | ||
Jun 23, 2021 | United States | Series B | $35M | Abingworth [+7] | |
Jun 09, 2021 | United States | Series D | $115M | TPG [+6] | |
Apr 27, 2021 | United States | Post IPO | $6.9M | IngleWood Ventures [+2] | |
Apr 22, 2021 | United States | Series D | $53.9M |
IPOs and Publicly Listed companies in Sanderling Ventures' Portfolio
Here are Sanderling Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
---|---|---|---|---|
Sep 25, 2020 | Feb 13, 2008 | Series B | $5.5M | |
Aug 02, 2013 | Jan 09, 2003 | Series C | $13M | |
Nov 23, 2012 | - | - | - | |
Feb 03, 2011 | Nov 17, 2008 | Series A | $85M | |
Feb 02, 2005 | Oct 13, 2003 | Series B | $10.6M |
Acquired companies in Sanderling Ventures' Portfolio
Here are Sanderling Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
---|---|---|---|---|
Mar 05, 2025 | Nov 04, 2004 | Series C | $11M | |
Feb 06, 2025 | - | - | - | |
May 04, 2023 | - | - | - | |
Jul 11, 2022 | Jul 16, 2007 | Series C | $25M | |
Jun 24, 2021 | - | - | - |
Team profile of Sanderling Ventures
Sanderling Ventures has a team of 7 members including 4 Partners, 2 Venture Partners and 1 Principal located in United States and Canada. Sanderling Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in Sanderling Ventures:
Name | Designation | Location | Board Memberships | Contact details |
---|---|---|---|---|
Partner | Burlingame | - | ||
Partner | San Francisco | - | ||
Partner | Montreal | - | ||
Partner | Los Angeles | - | - | |
Venture Partner | Boston | - | ||
Venture Partner | Washington, DC | - | ||
Principal | San Francisco | - |
Co-investors of Sanderling Ventures
Over the past 28 years, 190 investors have co-invested in Sanderling Ventures's portfolio companies.
- Invested before Sanderling Ventures: AXIOM Venture Capital, SR One and 4 others have invested in rounds before Sanderling Ventures. There are 1 company where AXIOM Venture Capital has invested before Sanderling Ventures and 1 company where SR One has invested before Sanderling Ventures.
- Top Co-investors of Sanderling Ventures: 79 investors entered a company along with Sanderling Ventures. These include investors like Fonds de solidarite FTQ (3 companies).
- Invested after Sanderling Ventures: A total of 105 investors have invested in Sanderling Ventures's portfolio after their investments. Top Investors include Piper Jaffray (3 companies), Oxford Finance (3 companies) and HHS (3 companies).
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Recent News related to Sanderling Ventures
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