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Frazier Healthcare Partners

North America, Washington, United States, Seattle

Description

Frazier Healthcare Partners, established in 1991, is a prominent healthcare investment firm with headquarters in Seattle, Washington, and an additional office in Menlo Park, California. The firm is dedicated to providing growth and buyout capital to companies across various sub-sectors within the healthcare industry. With a long-standing history, Frazier has successfully raised over $7.1 billion in capital, solidifying its position as a significant player in healthcare private equity.

The firm operates through two distinct investment strategies: Growth Buyout and Venture. The Growth Buyout strategy focuses on partnering with profitable healthcare services, pharmaceutical services, and medical products companies. For these investments, Frazier typically commits equity checks ranging from $50 million to $300 million, targeting established businesses with strong growth potential and proven business models. This approach emphasizes operational improvements and strategic expansion to drive value creation.

In parallel, Frazier's Venture strategy targets earlier-stage opportunities, primarily within the biopharmaceutical and medical device sectors. This arm of the firm seeks out innovative companies with groundbreaking technologies or therapies that have the potential to significantly impact patient care. Venture investments typically involve equity commitments between $10 million and $50 million, supporting companies through their critical development phases, including clinical trials and commercialization efforts. This dual-strategy approach allows Frazier Healthcare Partners to engage with companies across different stages of their lifecycle, from nascent startups to mature enterprises, all within the dynamic healthcare ecosystem.

Investor Profile

Frazier Healthcare Partners has backed more than 221 startups, with 1 new investments in the last 12 months alone. The firm has led 53 rounds, about 24% of its total and boasts 109 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series B, Series A, Series C rounds (top funding stages).
  • Majority of deals are located in United States, Canada, Ireland.
  • Strong thematic focus on Biotechnology, Health Care, Therapeutics.
  • Typical check size: $10M – $300M.

Stage Focus

  • Series B (23%)
  • Series A (22%)
  • Series C (13%)
  • Post Ipo Equity (11%)
  • Series Unknown (10%)
  • Series D (10%)
  • Undisclosed (3%)
  • Series E (3%)
  • Private Equity (2%)
  • Post Ipo Debt (1%)

Country Focus

  • United States (95%)
  • Canada (1%)
  • Ireland (1%)

Industry Focus

  • Biotechnology
  • Health Care
  • Therapeutics
  • Medical
  • Pharmaceutical
  • Medical Device
  • Biopharma
  • Life Science
  • Health Diagnostics
  • Manufacturing
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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 Frazier Healthcare Partners frequently co-invest with?

OrbiMed
North America, New York, United States, New York
Co-Investments: 19
Canaan Partners
North America, California, United States, Menlo Park
Co-Investments: 14
Domain Associates
North America, California, United States, San Diego
Co-Investments: 18
InterWest Partners
North America, California, United States, Menlo Park
Co-Investments: 13
New Enterprise Associates
North America, California, United States, Menlo Park
Co-Investments: 20
MPM Capital
North America, Massachusetts, United States, Boston
Co-Investments: 17
Versant Ventures
North America, California, United States, Menlo Park
Co-Investments: 16
RA Capital Management
North America, Massachusetts, United States, Boston
Co-Investments: 12
Alta Partners
North America, Mississippi, United States, Jackson
Co-Investments: 17
Delphi Ventures
North America, California, United States, San Mateo
Co-Investments: 13

Which angels does Frazier Healthcare Partners often collaborate with?

AZ
North America, California, United States, Mountain View
Shared Deals: 2
SA
North America, California, United States, San Francisco
Shared Deals: 1

What are some of recent deals done by Frazier Healthcare Partners?

Knipper Health

Lakewood, Colorado, United States

Knipper Health is a pharmaceuticals company offering sampling distribution and prescriber validation services.

MarketingPharmaceutical
Private EquityJul 8, 2025
Day One Biopharmaceuticals

South San Francisco, California, United States

Day One Biopharmaceuticals develops targeted therapies to treat people with life-threatening diseases.

BiopharmaBiotechnologyHealth CarePharmaceutical
Post Ipo EquityJul 30, 2024
Amount Raised: $175,000,000
Curve Beam

Hatfield, Pennsylvania, United States

Curve Beam is a manufacturer that researches and designs cone beam CT imaging equipment for orthopedic specialties.

ManufacturingMedicalMedical Device
Series UnknownJan 31, 2023
Amount Raised: $25,000,000
New Amsterdam Pharma

Naarden, Noord-Holland, The Netherlands

New Amsterdam is a clinical-stage company focused on the research and development of transformative therapies for cardio-metabolic diseases.

BiotechnologyLife SciencePharmaceutical
Post Ipo EquityNov 23, 2022
Amount Raised: $235,000,000
Metagenomi

Emeryville, California, United States

Metagenomi uses metagenomics and machine learning to discover novel genome editing systems for therapeutics development.

Artificial Intelligence (AI)BiotechnologyMachine LearningTherapeutics
Series BJan 25, 2022
Amount Raised: $175,000,000
Pardes Biosciences

Carlsbad, California, United States

Pardes Biosciences is a biotechnology company that develops and commercializes direct-acting antivirals for the treatment of coronavirus.

BiotechnologyLife Science
Post Ipo EquityDec 27, 2021
Amount Raised: $75,000,000
SanReno Therapeutics

Beijing, Beijing, China

SanReno Therapeutics develop, manufacture and commercialize kidney disease therapies.

BiotechnologyHealth CareTherapeutics
UndisclosedNov 30, 2021
Amount Raised: $40,000,000
Tricida

Menlo Park, California, United States

Tricida operates in the healthcare industry focusing on pharmaceutical business.

Health CareMedicalPharmaceutical
Post Ipo EquityNov 15, 2021
Amount Raised: $42,000,000
Silence Therapeutics

London, England, United Kingdom

Silence Therapeutics is a drug development company with a proprietary genetic medicine platform.

BiotechnologyHealth CareInformation TechnologyMedicalTherapeutics
Post Ipo EquityNov 5, 2021
Amount Raised: $20,000,000
Scout Bio

Philadelphia, Pennsylvania, United States

Scout Bi is a biotechnology company that specializes in veterinary, animal health, and gene therapy.

BiotechnologyGeneticsHealth CareTherapeutics
Series BOct 19, 2021
Amount Raised: $33,000,000