- Longitude Venture Partners IV will build on the Firm’s commitment to improve clinical outcomes, enhance patient quality of life, and drive efficiency in healthcare delivery -

- In 2020 to date, Longitude portfolio companies announced 4 IPOs and 3 M&A transactions -

MENLO PARK, Calif. and GREENWICH, Conn. and BOSTON, Sept. 23, 2020 (GLOBE NEWSWIRE) -- Longitude Capital, a leading healthcare venture capital firm, today announced the closing of Longitude Venture Partners IV, L.P. (“LVP4”), with $585 million in capital commitments. LVP4, the largest fund that Longitude Capital has raised to date, will build on the proven strategy of its predecessor funds by investing in biotechnology, medical technology, and health solutions companies that seek to transform the healthcare industry.

“We are in the golden era of medical and biological innovation. The significant unmet clinical needs and the inefficiencies of our current healthcare system are driving meaningful scientific breakthroughs and creative solutions,” said Patrick Enright, co-founder and Managing Director of Longitude Capital. Since inception in 2006, Longitude Capital has raised nearly $2 billion in cumulative capital commitments and managed over 30 company exits. “We are fortunate to have helped build many successful healthcare companies and look forward to working alongside the next wave of entrepreneurs and scientists to advance critical medicines, devices, and health solutions to the marketplace.”

Juliet Bakker, co-founder and Managing Director of Longitude Capital, added, “We are thankful for the continued support of, and partnerships with, our investors who value our differentiated venture growth investing approach, experienced team, and passion for forging new frontiers in healthcare.”

LVP4 will invest opportunistically across all stages of a company’s development through a variety of approaches that include traditional venture capital investing and special situations such as spin-outs, equity-linked transactions, and private investments in public equities. Many of these investments stem from Longitude’s proprietary research of targeted healthcare sectors, therapeutic areas, and technologies of interest.

Longitude Capital’s recent Initial Public Offerings (IPOs) and exits include 89bio (NASDAQ: ETNB), Aimmune (NASDAQ: AIMT, recently agreed to be acquired by Nestlé Health Science), Axonics Modulation Technologies (NASDAQ: AXNX), Checkmate Pharmaceuticals (NASDAQ: CMPI), Inflazome (acquired by Roche), Inozyme Pharma (NASDAQ: INZY), KaNDy Therapeutics (acquired by Bayer), Molecular Templates (NASDAQ: MTEM), Poseida Therapeutics (NASDAQ: PSTX), and Vaxcyte (NASDAQ: PCVX).

About Longitude Capital

Longitude Capital is a leading healthcare venture capital firm, that invests in transformative biotechnology, medical technology, and health solutions companies seeking to improve clinical outcomes, enhance quality of life, and drive efficiency of healthcare delivery. Founded in 2006, Longitude Capital invests in both privately held and publicly traded companies through a variety of investment approaches. Longitude Capital has offices in Menlo Park, CA, Greenwich, CT, and Boston, MA. For more information, including a complete listing of investments, please visit www.longitudecapital.com.

About Longitude Capital Recent IPOs and Exits

About Longitude Capital Recent Investments

Source: Longitude Capital

Contact Information

Maggie Jamison
Longitude Capital
650-854-5700