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Apple Tree Partners
Apple Tree Partners (ATP) is a pioneer in life sciences venture capital developing the next generation of transformative biotechnology companies.
Apple Tree Partners
Apple Tree Partners (ATP) is a pioneer in life sciences venture capital developing the next generation of transformative biotechnology companies. Founded in 1999, ATP is a leader in life sciences venture capital. The firm creates and invests in science-based companies from pre-IP ideas and asset spinouts through seed stage to IPO and beyond, providing flexible capital, strategic insight, and operational resources to build sustainable, research-driven enterprises.
General information
Firm type
Private Equity
Year founded
1999
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Additional offices
London, UK
Principals
Seth Harrison
Founder and Managing Partner
Anna Batarina
Partner
Paul Eisenberg
Chief Medical Officer and Venture Partner
Marie-Therese Afif
Head of Operations
Sector focus
Frequently asked questions
Who runs investment decisions at Apple Tree Partners?
Seth Harrison, founder and managing partner, leads investment decisions and serves on the boards of all portfolio companies created within ATP's current fund. Harrison has invested in life sciences since 1991, previously as a general partner at Oak Investment Partners. He is supported by partners Anna Batarina and venture partners including Paul Da Silva Jardine and Spiros Liras, who bring decades of pharmaceutical R&D leadership.
How does Apple Tree Partners source its portfolio companies?
ATP primarily creates companies rather than sourcing them externally. The firm works with scientists on pre-IP ideas and spins out assets from existing portfolio company pipelines. Venture partners with deep pharmaceutical discovery backgrounds — several formerly at Pfizer, Amgen, and Novartis — identify and shape programs internally before forming standalone entities around them.
What investment stages does Apple Tree Partners target?
ATP covers the full spectrum: from pre-IP ideas and seed-stage startups to growth rounds and public-company holdings. The firm explicitly states it invests 'from seed stage through IPO and beyond,' and supports portfolio companies in strategic transactions and business combinations.
Which sectors does Apple Tree Partners explicitly avoid?
ATP focuses exclusively on life sciences — drug discovery, medical devices, and digital health. The firm does not invest in general technology, consumer, financial services, or industrial sectors. Its website, portfolio, and team composition reflect a single-sector commitment to therapeutics and healthcare innovation.
What is Apple Tree Partners' known posture on co-investments?
ATP engages in collaborations with pharmaceutical partners — for example, a $1.1B partnership between Aileron Therapeutics and Roche, and a 2025 Novo Nordisk collaboration with Deep Apple Therapeutics. The firm's model also supports co-investment alongside other life-sciences VCs, as seen when Galvanize Therapeutics raised an oversubscribed Series C round in 2025.
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