Clay B. Thorp co-founded Hatteras Venture Partners and grew it from a $3M experiment to raising individual funds of $175-200M+ while deliberately staying focused on seed and early-stage life sciences rather than moving to later-stage deals like many firms do. He combines unusual operator, policy, and investor perspectives through co-founding multiple life science startups, serving on national policy committees like a National Academy of Sciences panel reviewing federal SBIR/STTR programs, and writing investor-focused commentary on biotech capital markets and innovation policy.
About their Fund
Sectors
Biotech, Medtech, Health, AI, Food & Ag
Rounds
Seed - Series B+
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Notable Investments
Hatteras Venture Partners is a Durham-based life sciences venture capital firm founded and led by experienced drug development executives who have built multiple biotech companies, operating a systematic company-building platform that takes healthcare startups from concept through initial traction. The firm has grown from a $3M first fund to a $177M seventh fund over 20+ years while serving as a cornerstone architect of North Carolina's Research Triangle biotech ecosystem, with deep integration into university commercialization through partnerships like Carolina Research Ventures.
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