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Advanced Research Projects Agency for Health

North America, Maryland, United States, Bethesda

Description

The Advanced Research Projects Agency for Health (ARPA-H) is a U.S. government agency established within the Department of Health and Human Services (HHS), modeled after the Defense Advanced Research Projects Agency (DARPA). Its core mission is to accelerate the development of high-impact research and innovation to drive biomedical and health breakthroughs for all Americans. ARPA-H focuses on funding projects that are too risky or long-term for traditional private sector investment or conventional research grants, aiming to bridge the gap between fundamental research and practical application.

ARPA-H operates through a unique funding model, primarily utilizing grants, contracts, and cooperative agreements rather than traditional venture capital equity investments. The agency emphasizes a milestone-based approach, where funding is disbursed incrementally upon the achievement of predefined technical goals. This allows for flexibility and adaptation as projects evolve, ensuring accountability and progress toward ambitious health outcomes. The agency actively seeks to address major health challenges, including cancer, Alzheimer's disease, and infectious diseases, by fostering interdisciplinary collaboration and breakthrough technologies.

Financially, ARPA-H has received significant backing from the U.S. Congress, with an enacted budget of approximately $1.5 billion for Fiscal Year 2024. The agency's typical project awards, which represent its 'check sizes,' vary significantly based on the scope, complexity, and duration of the research. Individual awards can range from as little as $200,000 for initial, smaller-scale projects or early phases, up to $20,000,000 or more for large, multi-year, transformative initiatives. These awards are designed to support high-risk, high-reward endeavors that have the potential to deliver transformative health solutions, often catalyzing further private investment once proof-of-concept is established.

Investor Profile

Advanced Research Projects Agency for Health has backed more than 29 startups, with 22 new investments in the last 12 months alone. The firm has led 28 rounds, about 97% of its total and boasts 0 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Grant rounds (top funding stages).
  • Majority of deals are located in United States.
  • Strong thematic focus on Health Care, Medical, Biotechnology.
  • Led 22 rounds in the past year.
  • Typical check size: $200K – $20M.

Stage Focus

  • Grant (100%)

Country Focus

  • United States (93%)

Industry Focus

  • Health Care
  • Medical
  • Biotechnology
  • Education
  • Health Diagnostics
  • Non Profit
  • Universities
  • Hospital
  • Higher Education
  • Therapeutics
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Advanced Research Projects Agency for Health frequently co-invest with?

National Institutes of Health
North America, Maryland, United States, Bethesda
Co-Investments: 1
National Cancer Institute
North America, Maryland, United States, Bethesda
Co-Investments: 1

What are some of recent deals done by Advanced Research Projects Agency for Health?

Steer Bio

Houston, Texas, United States

Steer Bio is a biotechnology company that specializes in revitalizing cell-based medicines.

BiopharmaBiotechnology
GrantMar 5, 2026
Amount Raised: $18,200,000
Transposon Therapeutics

Westport, Connecticut, United States

Transposon Therapeutics specializes in developing therapeutics for debilitating and life-threatening diseases.

BiotechnologyHealth CareMedicalTherapeutics
GrantMar 4, 2026
Amount Raised: $22,000,000
Seaport Therapeutics

Boston, Massachusetts, United States

Seaport Therapeutics is a clinical-stage biopharmaceutical company that develops neuropsychiatric medicines.

BiopharmaBiotechnologyTherapeutics
GrantMar 3, 2026
Amount Raised: $15,000,000
Linnaeus Therapeutics

Haddonfield, New Jersey, United States

Linnaeus Therapeutics is a development stage biotech company that develops and commercializes drugs for cancer.

BiotechnologyHealth CareMedicalTherapeutics
GrantFeb 24, 2026
Amount Raised: $22,000,000
Cambrian Biopharma

New York, New York, United States

Cambrian is a distributed development company building therapeutics to lengthen health span.

BiopharmaBiotechnologyLife Science
GrantFeb 24, 2026
Amount Raised: $30,800,000
Draper

Cambridge, Massachusetts, United States

Draper is a non-profit laboratory focused on applied research, engineering development, education, and technology transfer.

Innovation ManagementMedicalNational SecurityNon Profit
GrantFeb 24, 2026
Amount Raised: $26,700,000
Weill Cornell Medicine

New York, New York, United States

Weill Cornell Medicine is an outpatient radiology diagnostic center that provides superior imaging and interpretation services.

Health CareHealth DiagnosticsNon ProfitOutpatient Care
GrantJan 20, 2026
Amount Raised: $5,200,000
Black Mesa

Boston, Massachusetts, United States

Black Mesa is a technological company that provides methods in critical industrial sectors.

Information TechnologyManufacturing
GrantJan 20, 2026
SynthX Center

Houston, Texas, United States

SynthX Center is a biomedical research center focused on developing drugs and health technologies.

Biotechnology
GrantJan 19, 2026
Amount Raised: $18,000,000
University of California San Diego

La Jolla, California, United States

UC San Diego is a public research university that offers undergraduate and graduate programs across various disciplines.

Continuing EducationEducationHigher EducationSTEM EducationUniversities
GrantJan 14, 2026
Amount Raised: $25,800,000

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