
RTW Investments
Description
RTW Investments is a prominent New York-based investment firm specializing in the global healthcare sector, with a particular emphasis on life sciences. Founded with a mission to identify and support companies developing transformative medical innovations, RTW employs a unique dual strategy, investing across both private and public markets. This integrated approach allows them to support companies from their early-to-mid private stages, through to their public market debut and beyond, providing long-term capital and strategic guidance. Their investment philosophy is deeply rooted in scientific and medical expertise, enabling them to conduct rigorous due diligence on complex biotechnological and pharmaceutical advancements.
The firm is known for its high-convection investments in companies that are pioneering novel therapies, diagnostics, and medical technologies. RTW typically engages with private companies from Series A rounds onwards, often taking a lead or co-lead position in significant financing rounds. Their portfolio reflects a strong focus on areas such as oncology, rare diseases, neuroscience, and genetic medicines, where substantial capital is often required for research, development, and clinical trials. They are not merely financial investors but aim to be active partners, leveraging their extensive network and industry insights to help accelerate the growth and success of their portfolio companies.
With approximately $5.4 billion in regulatory assets under management as of Q1 2024, RTW Investments has the capacity to deploy significant capital into promising healthcare ventures. For instance, they have notably led or participated in numerous large financing rounds, such as a $100 million Series B for ReNAgade Therapeutics in 2023, demonstrating their commitment to funding substantial scientific endeavors. While precise first check sizes can vary, their typical private equity investments reflect the capital-intensive nature of the biotech industry, often ranging from multi-million dollar commitments in Series A rounds to substantial nine-figure investments in later-stage or pre-IPO financings.
RTW Investments has established itself as a key financial partner in the healthcare ecosystem, recognized for its ability to identify and nurture companies with the potential to significantly impact patient care. Their blend of scientific acumen, flexible investment mandates, and substantial capital resources positions them as a critical enabler for the next generation of healthcare breakthroughs, from early-stage innovation to global market leadership.
Investor Profile
RTW Investments has backed more than 119 startups, with 21 new investments in the last 12 months alone. The firm has led 32 rounds, about 27% of its total and boasts 54 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Post Ipo Equity, Series B, Series C rounds (top funding stages).
- Majority of deals are located in United States, United Kingdom, Switzerland.
- Strong thematic focus on Biotechnology, Health Care, Therapeutics.
- Led 5 rounds in the past year.
- Typical check size: $25M – $150M.
Stage Focus
- Post Ipo Equity (33%)
- Series B (27%)
- Series C (15%)
- Series A (10%)
- Series D (8%)
- Private Equity (3%)
- Series G (1%)
- Post Ipo Debt (1%)
- Series Unknown (1%)
- Undisclosed (1%)
Country Focus
- United States (79%)
- United Kingdom (5%)
- Switzerland (4%)
- China (3%)
- Canada (3%)
- Ireland (2%)
- Germany (2%)
- The Netherlands (1%)
Industry Focus
- Biotechnology
- Health Care
- Therapeutics
- Medical
- Pharmaceutical
- Life Science
- Biopharma
- Medical Device
- Genetics
- Health Diagnostics
Frequently Asked Questions
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