# Avenue Capital Group

> Avenue Capital Group is a VC fund backing Biotechnology and Health Care. See 48 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: New York, United States
- Total investments: 48
- Last investment: May 2026
- Lead investor: 81%
- Fund size: $338M
- Last fund: May 2021
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/avenue-capital-group
- Website: http://www.avenuecapital.com

Avenue Capital Group is a VC fund in New York focused on Biotechnology and Health Care. Avenue Capital Group was founded in 1995 by Marc Lasry and Sonia E. Gardner. Pioneers in the distressed debt market, Mr. Lasry and Ms. Gardner have successfully invested in the public and private debt and equity securities of distressed companies across a variety of industries for over two decades.Headquartered in New York, with offices inLondon, Luxembourg, Munich, and nine offices throughout Asia, the firm manages assets valued at approximately $15.8 billion as of March 31, 2009. Avenue draws on the skills and experience of approximately 300 employees and its Senior Principals, Marc Lasry and Sonia E. Gardner, who have spent virtually their entire careers in the field of distressed investments.

## Contacts

5 contacts available for Avenue Capital Group. Shizune tracks 5 team members at Avenue Capital Group. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/avenue-capital-group?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Post-IPO Debt | $7M–$40M |
| Debt Financing | $14M–$155M |
| Venture - Series Unknown | $10M–$250M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Biotechnology | 14 | 29% |
| Health Care | 10 | 21% |
| Medical Device | 9 | 19% |
| Medical | 6 | 13% |
| Pharmaceutical | 5 | 10% |

66 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Post-IPO Debt | 16 | 33% |
| Debt Financing | 11 | 23% |
| Venture - Series Unknown | 5 | 10% |
| Series A | 4 | 8% |
| Private Equity | 3 | 6% |

11 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 30 | 63% |
| United Kingdom | 4 | 8% |
| China | 2 | 4% |
| India | 1 | 2% |
| Canada | 1 | 2% |

8 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Anil Gorthy | Senior Portfolio Manager | 0 | https://shizune.co/investors/profile/anil-gorthy |
| Dan Galanter | Senior Managing Director | 0 | https://shizune.co/investors/profile/dan-galanter |
| Jeffrey Becker | Managing Director | 0 | https://shizune.co/investors/profile/jeffrey-becker |
| Marc Lasry | Chairman, Chief Executive Officer and Co-Founder | 21 | https://shizune.co/investors/profile/marc-lasry |
| Sonia Gardner | Co-Founder, President and Managing Partner | 0 | https://shizune.co/investors/profile/sonia-gardner |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Citius Oncology | Citius Oncology is a biopharmaceutical company that develops and commercializes oncology therapies. The company specializes in targeted therapies for cancer treatment, with a focus on immune-based approaches. The company recently gained FDA approval for LYMPHIR™, a therapy for relapsed or refractory cutaneous T-cell lymphoma. | $25M | Post-IPO Debt | May 05, 2026 |  |
| Quartzy | Quartzy provides the only complete solution for lab management that includes the world’s most comprehensive catalog of more than 3M lab supplies and deals backed by 1,000's of top suppliers. Trusted by 200,000 scientists across 13,000 labs nationwide, Quartzy streamlines inventory and purchasing communications to save labs time and money. | $23M | Debt Financing | Apr 13, 2026 |  |
| Asian University Basketball League | Asian University Basketball League is a pioneering pan-regional basketball competition. |  | Series A | Apr 09, 2026 |  |
| Turn Therapeutics | Turn Therapeutics is a pharmaceutical company that is dedicated to reducing the human and economic costs of infection and skin disease. Turn Therapeutics was founded to reduce antibiotic resistance through best-in-class acute and chronic wound care products. The company's mission is to leverage expertise in drug delivery to create disruptiveproducts for high need indications.It was founded in 2015 and its headquarters is located in Calabasas, California. | $7M | Post-IPO Debt | Mar 24, 2026 |  |
| Nitra | Nitra offers expense management software that integrates with the banks to provide innovative loan products. | $115M | Debt Financing | Mar 10, 2026 |  |
| North Carolina Courage | North Carolina Courage is a women's soccer team that competes in the National Women's Soccer League. The company's product line includes jerseys, hats, coats, tees, accessories, scarves, and other items. | $40M | Private Equity | Mar 04, 2026 |  |
| Humacyte | Humacyte develops products for vascular disease and replacement of anatomical conduits. It offers human tissue-based products for regenerative medicine and vascular surgery applications; off-the-shelf extracellular matrix tissue products, which are formed in vitro from banked vascular smooth muscle cells and then decellularized to eliminate therisk of rejection; and vascular grafts. | $77.5M | Post-IPO Debt | Dec 16, 2025 |  |
| Myomo | Myomo, a medical technology company, develops Myoelectric prosthetic technology to powered bracing devices that restore an individual’s mobility. It offers Myomo mPower 1000, a portable lightweight functional arm brace for use in the home and in clinical settings, which restores movement to a weakened arm as a result of neuromuscular damage causedor due to brain injury, including stroke, spinal cord injury, multiple sclerosis, cerebral palsy, muscular dystrophy, and traumatic brain injury. The company also provides PERL (Push, Eat, Reach, Lift) technique, a set of research-based treatment plans that integrate the mPower 1000 into functional repetitive task practice programs aiming to increase the functional activity; myGames, a virtual reality-based therapeutic training system to encourage brain-injured patients with upper limb motor disorders to practice physical exercises; and myProgress, an Android-based connected health platform that tracks and measures progress while using the mPower 1000. Its mobility system is designed to enable individuals to self-initiate and control the movement of partially paralyzed limbs using their own muscle signals. The company serves medical professionals, patients, and caregivers in the United States. Myomo, Inc. was formerly known as Active Joint Brace. The company was founded in 2004 and is based in Cambridge, Massachusetts. | $12.5M | Post-IPO Debt | Nov 04, 2025 |  |
| electroCore | electroCore, Inc. is a commercial stage bioelectronic medicine company dedicated to improving patient outcomes through its platform non-invasive vagus nerve stimulation therapy initially focused on the treatment of multiple conditions in neurology. The company’s current indications are for the preventative treatment of cluster headache and migraineand acute treatment of migraine and episodic cluster headache. | $7.2M | Post-IPO Debt | Aug 06, 2025 |  |
| Voom Medical Devices | Voom Medical Devices offers orthopedic medical devices and appliances. |  | Debt Financing | Apr 29, 2025 |  |

10 of 48 investments shown.

## Co-investors
- [Adit Ventures](https://shizune.co/investors/profile/psp-ventures) — VC Fund, 3 deals together
- [Macquarie Capital](https://shizune.co/investors/profile/macquarie-capital-funds) — VC Fund, 2 deals together
- [Repsol](https://shizune.co/investors/profile/repsol-sa) — VC Fund, 2 deals together
- [Syngenta Ventures](https://shizune.co/investors/profile/syngenta-ventures) — VC Fund, 2 deals together
- [Actis](https://shizune.co/investors/profile/actis) — VC Fund, 1 deal together
- [Aegon Asset Management](https://shizune.co/investors/profile/aegon-asset-management) — VC Fund, 1 deal together

## Similar investors

### Similar industry
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Courtside Ventures](https://shizune.co/investors/profile/courtside-ventures) — VC Fund
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund

### Similar stage
- [BNP Paribas](https://shizune.co/investors/profile/bnp-paribas) — VC Fund
- [Intesa Sanpaolo](https://shizune.co/investors/profile/intesa-sanpaolo) — VC Fund
- [UniCredit](https://shizune.co/investors/profile/unicredit) — VC Fund

### Similar country
- [Alibaba Entrepreneurs Fund](https://shizune.co/investors/profile/alibaba-entrepreneurs-fund) — VC Fund
- [Animoca Brands](https://shizune.co/investors/profile/animoca-brands-corporation) — VC Fund
- [Gobi Partners](https://shizune.co/investors/profile/gobi-partners) — VC Fund

## Featured in investor lists
- [Sports VC Funds in Hong Kong](https://shizune.co/investors/sports-vc-funds-hong-kong)

## FAQ

### What does Avenue Capital Group invest in?

Avenue Capital Group invests primarily in Biotechnology, Health Care and Medical Device startups, most often at Post-IPO Debt and Debt Financing stage. Most of the 48 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Avenue Capital Group's check size?

Avenue Capital Group typically joins rounds of $7M–$40M at Post-IPO Debt, $14M–$155M at Debt Financing and $10M–$250M at Venture - Series Unknown. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Avenue Capital Group participates in.

### How do I contact Avenue Capital Group?

Public channels for Avenue Capital Group include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Avenue Capital Group?

The team at Avenue Capital Group includes Anil Gorthy (Senior Portfolio Manager), Dan Galanter (Senior Managing Director) and Jeffrey Becker (Managing Director). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co