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Investor profile

Cormorant Asset Management

Venture capital firm · Founded 2013 · Active in 2026

Cormorant Asset Management is a venture capital firm based in USA, founded in 2013. The page below shows 58 Power Law outcomes from Cormorant Asset Management's portfolio — 40 unicorns ($1B+ valuation) and 2 additional thoroughbreds (companies that crossed $100M+ in revenue without yet reaching $1B+ valuation).

Outcomes are concentrated in Biotech & Life Sciences; top portfolio geographies are USA · China · UK. Cormorant Asset ranks #425 in Global in the 2026 Dealroom Power Law Investor Ranking by cross-stage outcomes.

58 Power Law outcomes Power Law Ranking #425 · Global · 58 Power Law outcomes · Active 2026
Unicorns ↑ 43% 5y
40
Decacorns ↑ 300% 5y
4
Thoroughbreds ↑ 88% 5y
19
01 · Exits

Cormorant Asset’s biggest exits.

Cormorant Asset portfolio companies worth $1B+ that have IPO’d or been acquired. Each shows its valuation at exit and, in grey, its current value if still public.

$2.0B IPO · 2019
Entered Series B+Now $15.1B
$2.0B IPO · 2018
Entered Series B+Now $14.8B
IPO · 2015
Entered Series ANow $13.1B
$630M IPO · 2020
Entered Series B+Now $12.0B
$698M IPO · 2020
Entered Series B+Now $8.8B
$1.9B IPO · 2021
Entered Series ANow $6.0B
$130M IPO · 2016
Entered Series B+Now $5.6B
$691M IPO · 2017
Entered Series B+Now $5.3B
$4.7B IPO · 2021
Entered Series B+Now $1.6B
$4.1B IPO · 2023
Entered Series B+Now $3.7B
$433M IPO · 2019
Entered Series B+Now $3.8B
$372M IPO · 2018
Entered Series B+Now $3.7B
$386M IPO · 2018
Entered Series B+Now $3.7B
$400M IPO · 2018
Entered Series B+Now $3.6B
$300M IPO · 2021
Entered Series ANow $3.3B
IPO · 2014
Now $3.3B
$942M IPO · 2019
Entered Series B+Now $3.0B
$840M IPO · 2021
Entered Series B+Now $3.0B
$2.8B acquisition · 2020
Entered Series B+
$167M IPO · 2021
Entered Series B+Now $2.6B
$2.1B acquisition · 2022
Entered Series B+
$2.1B acquisition · 2020
Entered Series B+
$180M IPO · 2020
Entered Series B+Now $2.0B
$636M IPO · 2021
Entered Series B+Now $1.8B

+9 more $1B+ exits on the full Dealroom profile.

03 · Portfolio analysis

The 58 Cormorant Asset Power Law outcomes ($100M+ revenue or $1B+ valuation).

Snapshot of where the outcomes are concentrated by country, sector, and stage entered.

By countryCount
  1. USA48
  2. China3
  3. UK2
  4. France1
  5. Ireland1
  6. Switzerland1
  7. Netherlands1
  8. Denmark1
By sectorCount
  1. Biotech & Life Sciences58
By stage enteredCount
  1. Series B+38
  2. Series A5
04 · Portfolio market map

Cormorant Asset's 58 Power Law outcomes.

Stage entered
Outcome tier
Region
Group by
58 of 58 Power Law outcomes
05 · Power Law comparison

How does Cormorant Asset stack up?

Cormorant Asset in orange, your selection in blue and other colours. Pick from the global roster of 609 peer investors — scope by startup location or hit "Find similar shapes" to auto-pick the three closest. The funnel matrix mirrors the spider chart on the ranking page; the line chart shows each firm's share of unicorns minted in the selected startup location — peaks reveal vintage years.

Compare against

Share of new unicorns per year

% of global unicorns minted that year, year by year · hover the chart to see which unicorns
Performance window All-time → 2026

Stage focus

Companies by selected outcome stage

Sector focus

Companies per investor across the 10 highest-volume sectors

Beyond Unicorns — how the portfolio compounds

% of each investor's unicorn portfolio that later crossed $10B, $25B and $50B. Pick a sort tier and entry stage.
Sort by
Entry stage
Source: Dealroom Power Law dataset. Investors shown are the 2026 Power Law top 35 by combined entry-to-outcome score, drawn from the overview and locations_data sheets. Funnel-matrix axes rescale per-axis using the maximum among the currently selected investors, so the polygons always fill the chart for shape comparison.
06 · Portfolio founders

Where Cormorant Asset's portfolio founders come from — and where they studied.

96 founders across the 58 Power Law outcomes — split by country of origin, university attended, and the company they worked at before founding. Massachusetts Institute of Technology and Stemcentrx are the deepest single pipelines.

LocationCount
United States48
China5
France4
Canada4
India4
Lebanon2
Germany2
Israel1
United Kingdom1
View on app →
UniversityCount
Massachusetts Institute of Technology8
University of Michigan3
Harvard Medical School3
McGill University2
Institute of Cost and Work Accountants of India2
Cornell University2
University of California, San Diego2
Harvard University2
Washington University in St. Louis2
The University of Chicago Pritzker School of Medicine2
+34 more →
Origin companyCount
Stemcentrx2
Five Prime Therapeutics2
Forward Pharma2
Apple2
Sana Biotechnology2
Microsoft1
Acerta Pharma1
Horizon Therapeutics1
Fastly1
Hyperion Therapeutics1
+25 more →
Origin = country a founder is born in or grew up in (founders may have multiple origins; counts include all entries). University = highest-listed degree. Origin company = a previous employer where the founder was tagged before starting their current company.
07 · Key people

Key people at Cormorant Asset.

Sources: Dealroom desktop research, official firm profiles and public investor lists.

Market sentiment

What the market is saying about Cormorant Asset Management

An AI-synthesized read of the highest-engagement posts about Cormorant Asset on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

In the news

Latest news about Cormorant Asset Management

Recent press, funding announcements, and portfolio moves mentioning Cormorant Asset — pulled live from Dealroom's news feed.

See all news

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