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Venture Capital
forwardventures.com

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Investments

125

Portfolio Exits

33

Funds

7

About Forward Ventures

Forward Ventures, founded in 1993, is a life-science venture capital firm located in San Diego. The firm has invested in over 50 companies since it was founded in 1993 and currently has more than $500 million in capital under management. The most recent fund, Forward V, continues Forward Ventures program of life sciences and health care venture investing in companies of all stages of development. Forward invests throughout the United States and will consider select European opportunities.

Forward Ventures Headquarter Location

9393 Towne Centre Drive Suite 200

San Diego, California, 92121,

United States

858.677.6077

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Latest Forward Ventures News

SD 500: Ivor Royston

Jan 23, 2018

Managing Partner, Forward Ventures Royston was a co-founder of Hybritech Inc., San Diego’s first biotechnology firm in 1978 and is one of the fathers of the region’s life science hub. After Hybritech was purchased by Eli Lilly in 1986, hundreds of spinouts launched the foundation of San Diego’s biotech hub. He has founded and invested in dozens of biotech firms over the years.

Forward Ventures Investments

125 Investments

Forward Ventures has made 125 investments. Their latest investment was in Graphmatech as part of their Series B on June 6, 2021.

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Forward Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/10/2021

Series B

Graphmatech

$10.14M

Yes

2

10/28/2019

Series D

Viracta Therapeutics

$16.77M

No

4

8/20/2019

Seed VC

Virtuoso

$3.25M

Yes

1

2/12/2019

Series C - II

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$99M

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10

12/4/2018

Series C

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$99M

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10

Date

6/10/2021

10/28/2019

8/20/2019

2/12/2019

12/4/2018

Round

Series B

Series D

Seed VC

Series C - II

Series C

Company

Graphmatech

Viracta Therapeutics

Virtuoso

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Amount

$10.14M

$16.77M

$3.25M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

2

4

1

10

10

Forward Ventures Portfolio Exits

33 Portfolio Exits

Forward Ventures has 33 portfolio exits. Their latest portfolio exit was Viracta Therapeutics on November 30, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/30/2020

Reverse Merger

$99M

1

3/7/2017

Acquired

$99M

Undisclosed Investors

12/27/2016

Reverse Merger

$99M

2

3/3/2016

IPO

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$99M

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10

5/16/2013

IPO

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$99M

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10

Date

11/30/2020

3/7/2017

12/27/2016

3/3/2016

5/16/2013

Exit

Reverse Merger

Acquired

Reverse Merger

IPO

IPO

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Undisclosed Investors

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Sources

1

2

10

10

Forward Ventures Fund History

7 Fund Histories

Forward Ventures has 7 funds, including Forward Ventures V LP.

Closing Date

Fund

Fund Type

Status

Amount

Sources

2/27/2004

Forward Ventures V LP

Early-Stage Venture Capital

Closed

$145M

1

4/30/2001

Forward Ventures IV LP

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$99M

10

8/31/1997

Forward Ventures Institutional Partners III LP

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$99M

10

8/31/1996

Forward Ventures III LP

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$99M

10

1/1/1993

Forward Ventures II LP

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$99M

10

Closing Date

2/27/2004

4/30/2001

8/31/1997

8/31/1996

1/1/1993

Fund

Forward Ventures V LP

Forward Ventures IV LP

Forward Ventures Institutional Partners III LP

Forward Ventures III LP

Forward Ventures II LP

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

$145M

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

Forward Ventures Team

3 Team Members

Forward Ventures has 3 team members, including former Chief Financial Officer, Rose Ann Ignell.

Name

Work History

Title

Status

Rose Ann Ignell

Chief Financial Officer

Former

Maria C Walker

Chief Operating Officer

Former

Ivor Royston

Managing Partner

Former

Name

Rose Ann Ignell

Maria C Walker

Ivor Royston

Work History

Title

Chief Financial Officer

Chief Operating Officer

Managing Partner

Status

Former

Former

Former

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