Breyer Capital

Quick read

Breyer Capital is a global venture capital firm founded by Jim Breyer in 2006, headquartered in Austin, Texas. It's best known as an early investor in Facebook, Spotify, Etsy, and Epic Games, and has increasingly concentrated on AI and healthcare/life sciences since 2016. The firm invests from seed through growth, often as the first institutional check, across the US, China, and emerging markets.

Key facts

Founded

2006

Founders

Jim Breyer

Employees

4-10

Sectors

ai, healthcare, fintech, consumer, crypto, generalist

Website

breyercapital.com

Investment thesis

Breyer Capital makes high-conviction, long-term investments in AI, healthcare/life sciences, fintech, and consumer technology, typically as first institutional capital at seed or early stage. The firm concentrates on companies at the intersection of AI and life sciences, with active US, China, and emerging-market coverage.

Recent activity

• May 2026press
  Circle ($CRCL) rang the NYSE opening bell following its IPO — a portfolio milestone for Breyer Capital, which backed Circle from day 0. Ted Breyer cited regulated stablecoin rails as the firm's original thesis. x.com
• May 2026investment
  Breyer Capital participated in Catena Labs' $30 million Series A round, led by Acrew Capital and a16z crypto, alongside General Catalyst and QED. leadiq.com
• May 2026investment
  As of May 2026, Breyer Capital has made 5 investments year-to-date, following 7 investments across all of 2025. Total portfolio stands at 139 companies. tracxn.com
• 2025investment
  Breyer Capital led a $13 million seed round in ParcelBio, a biotech developing mRNA medicines, with General Catalyst, Y Combinator, and Metaplanet participating. leadiq.com
• 2025press
  Breyer Capital hosted its 4th Annual Healthcare and Life Sciences Summit in collaboration with The University of Texas at Austin. linkedin.com
• 2025investment
  Atropos Health closed a funding round with Breyer Capital participation alongside a network of health-tech partners including executives from Meta and Autonomize AI. linkedin.com
• Mar 2026investment
  Breyer Capital's latest recorded investment was in ParcelBio, a Seed VC-II round closed on March 4, 2026. cbinsights.com
• Mar 2026investment
  Portfolio company LitLingo exited on March 23, 2026, marking Breyer Capital's most recent recorded exit. cbinsights.com
• May 2026investment
  Catena Labs raised a $30M Series A to build agentic finance infrastructure and filed for a national trust bank charter. Breyer Capital joined a16z Crypto and Acrew Capital in the round. tracxn.com
• Jan 2026investment
  Soley Therapeutics emerged with a $200M Series C for its 'stress clock' pipeline. Breyer Capital was among the investors disclosed at launch. tracxn.com
• Jan 2026leadership
  Breyer Capital appointed Morgan Cheatham, MD as Partner and Head of Healthcare and Life Sciences, expanding the firm's clinical and life sciences investment capacity. crunchbase.com
• Jan 2026press
  Jim Breyer spoke with Bloomberg's Lisa Abramowicz at the World Economic Forum annual meeting in Davos, discussing AI and venture trends. breyercapital.com

Notable investments

• Catena LabsSeries AMay 2026leadiq.com
• ParcelBioSeed2025leadiq.com
• Atropos Health2025linkedin.com
• Circle2025x.com
• EigenLayerx.com
• Babylon Labsx.com
• TaptapSendx.com
• ZenBusinessx.com
• ParcelBioSeed VC-IIMar 2026cbinsights.com
• Soley TherapeuticsSeries CJan 2026tracxn.com
• JarsySeedUndated recentzoominfo.com
• Atropos HealthUndisclosedUndated recentcrunchbase.com

Key people

Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.

• Jim Breyer · Founder & CEO
  LinkedIn
• Daniel Breyer · Partner
  LinkedIn
• Ted Breyer · Partner
  LinkedIn
• Morgan Cheatham · Partner, Head of Healthcare & Life Sciences
  LinkedIn
• Bret Bostwick · Venture Advisor
  LinkedIn

Sources

• Breyer Capital – Official Website
• Our Team | Breyer Capital
• Jim Breyer | Breyer Capital
• Breyer Capital | LinkedIn
• Morgan Cheatham, MD | LinkedIn
• Daniel Breyer | LinkedIn
• Ted Breyer | LinkedIn
• Breyer Capital – CB Insights
• Breyer Capital – Tracxn
• Jim Breyer – Wikipedia
• https://x.com/morgancheatham/status/2008589387349606403/photo/1
• https://morgancheatham.substack.com/p/breyer-capital-2026-healthcare-and
• https://ramaonhealthcare.com/healthcare-moves-a-monthly-summary-of-hires-exits-and-layoffs-13/
• https://www.crunchbase.com/organization/breyer-capital/signals_and_news
• https://tracxn.com/d/venture-capital/breyer-capital/__b2I8XXQh6bm0tQANQ68MdWV2-NaeSc8uynWMwCe6ygA
• https://breyercapital.com/newsroom/
• https://www.zoominfo.com/c/breyer-capital/359156321
• https://x.com/TedBreyer?lang=en
• https://leadiq.com/c/breyer-capital/5a1dc93f2300005c00cddd8b

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