Leaps by Bayer
Leaps by Bayer is the impact-focused corporate venture capital arm of Bayer AG, founded in 2015 to invest off the company balance sheet in transformational biotechnologies across human health and agriculture. It backs and co-founds companies pursuing ten defined breakthrough goals (the leaps), such as regenerating lost tissue, curing genetic diseases and reducing the environmental impact of farming. The unit has deployed more than USD 1.9 billion across 60-plus ventures, often co-founding companies (BlueRock, Century, Joyn Bio, Oerth Bio, Unfold) alongside partners like Versant, Ginkgo Bioworks, Temasek and Arvinas. Several holdings have been absorbed into Bayer (BlueRock) or exited via trade sale and IPO. It is led by Juergen Eckhardt and operates from Berlin and the United States as an evergreen strategic investor rather than a fixed-life fund.
Key facts
Recent exits
Coverage notes
1 fund tracked, 18 portfolio companies (13 active · 5 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Leaps by Bayer has raised, with its portfolio companies. Hand-checked from public filings.
Leaps by BayerEvergreen2015 · 11yr€1.8B13 active · 5 realized
Unrealized
13 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Celea Therapeutics | Biotech | United States | 2026 |
| Cellino Biotech | Biotech | United States | 2022 |
| EarthOptics | ClimateTech | United States | 2021 |
| Khloris Biosciences | Biotech | United States | 2019 |
| Leaf Agriculture | ClimateTech | United States | 2026 |
| Oerth Bio | Industrials | United States | 2019 |
| Pairwise | ClimateTech | United States | 2018 |
| Recursion Pharmaceuticals | Biotech | United States | 2020 |
| SonoThera | Biotech | United States | 2026 |
| Souffle Therapeutics | Biotech | United States | 2025 |
| Ukko | HealthTech | United States | 2021 |
| Unfold | Industrials | United States | 2020 |
| WellTheory | HealthTech | United States | 2025 |
Realized
5 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| BlueRock Therapeutics | Biotech | United States | 2016 | 2019 | Trade Sale | – | |
| Boundless Bio | Biotech | United States | 2023 | 2024 | IPO | – | – |
| Capstan Therapeutics | Biotech | United States | 2022 | 2025 | Trade Sale | – | |
| Century Therapeutics | Biotech | United States | 2019 | 2021 | IPO | – | – |
| Joyn Bio | Industrials | United States | 2017 | 2022 | Trade Sale | – |
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Investment team
Senior partners. Hand-checked from public filings and the firm's own site.
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