Venture Capital

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Prospect Venture Partners

Prospect Venture Partners is a leading life sciences venture capital firm dedicated to building outstanding biomedical companies. With more than $1B of capital...

Prospect Venture Partners logo

Prospect Venture Partners

Prospect Venture Partners is a leading life sciences venture capital firm dedicated to building outstanding biomedical companies. With more than $1B of capital raised, we support innovative companies from seed to growth stage.

General information

Firm type

Venture Capital

Year founded

1997

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Palo Alto

Corporate office

Palo Alto, CA, United States

Principals

Russell Hirsch

Managing Director

David Schnell

Alex Barkas

Sector focus

Digital HealthHealthcare Services

Frequently asked questions

Who runs investment decisions at Prospect Venture Partners?

Managing Director Russell Hirsch leads investment decisions, drawing on experience as a General Partner at Mayfield and a research career at UCSF. The partnership includes David Schnell and was historically shaped by the late Alex Barkas. The firm's small-team structure concentrates decision-making among a few senior partners.

What investment stages does Prospect Venture Partners typically target?

Prospect deploys across the full company lifecycle, from seed-stage formation through late-stage expansion rounds. The firm's own materials describe support for companies 'from seed to growth stage,' and its record includes incubations, early venture rounds, and board seats at publicly traded portfolio companies.

How is Prospect Venture Partners different from other life-sciences venture firms?

Prospect's partners combine academic research backgrounds with company-creation track records. Russell Hirsch conducted hepatitis B research published in Nature before moving to venture capital, and he personally incubated Intuitive Surgical and Millennium Pharmaceuticals. This operator-scientist identity shapes a model built on origination and active board service rather than passive fund commitments.

Does Prospect Venture Partners participate in fund commitments or only direct deals?

Available information points to direct company investments rather than fund-of-funds activity. The firm's website emphasizes partnership with management teams and active participation in building companies, without reference to investing in other venture funds.

Which sectors does Prospect Venture Partners explicitly invest in?

Prospect focuses on life sciences broadly — biotechnology, medical devices, and healthcare technology. Disclosed board relationships span surgical robotics, cardiovascular devices, oncology, and orthopedics. The firm has not publicly disclosed any investments outside biomedical sectors.

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