Investment Summary

Polaris Partners Invests In Capstan

On September 14, 2022, growth capital firm Polaris Partners invested in life science company Capstan

Investment Highlights
  • This is Polaris Partners’ 39th transaction in the Life Science sector.
  • This is Polaris Partners’ 78th transaction in the United States.
  • This is Polaris Partners’ 14th transaction in California.
Investment Fate
  • Capstan was sold to a publicly-traded strategic buyer in 2025 for 2.1B USD.

Investment Summary

Date 2022-09-14
Target Capstan
Sector Life Science
Investor(s) Polaris Partners
Deal Type Venture

Target

Capstan

San Diego, California, United States
Capstan Therapeutics is developing a targeted delivery platform and therapeutics to reprogram immune cells in vivo for a broad range of disease categories. Capstan was founded in 2021 and is based in San Diego, California.

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Investor(S) 1

Investor

Polaris Partners

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1996
PE ASSETS 5.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Polaris Partners is primarily a seed, first round, and early stage venture capital investor in information technology and life science businesses. However, Polaris also focuses on private equity investments in established companies. In this area, Polaris targets high growth middle market companies in industries including technology, healthcare, digital media, consumer products and services, and business services. The firm's investments include minority growth equity investments, recapitalizations with liquidity, and leveraged buyouts. Polaris Partners was formed in 1996 and has offices in Seattle, Washington and Waltham, Massachusetts.


DEAL STATS #
Overall 87 of 87
Sector: Life Science M&A 39 of 39
Type: Venture M&A Deals 57 of 57
State: California M&A 14 of 14
Country: United States M&A 78 of 78
Year: 2022 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-25 Amplifire

Boulder, Colorado, United States

Amplifire is a provider of adaptive learning and assessment software to higher education institutions, publishers, test-preparation providers, certification associations and healthcare providers. Amplifire, is a fully hosted SaaS application that leverages scientific breakthroughs from the fields of cognitive psychology, neurobiology and game studies to deliver superior learning outcomes.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-30 Tectonic Therapeutic /old/

Watertown, Massachusetts, United States

Tectonic Therapeutic aims to transform the discovery of novel drugs addressing targets in the GPCR family. Tectonic Therapeutic was founded in 2019 and is based in Watertown, Massachusetts.

Sell -