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Private markets · by introduction

Selective access to the private companies shaping the next industrial era.

Panacea VC provides qualified investors with access to exceptional private companies through individually structured investment opportunities. We focus on later-stage businesses demonstrating category leadership, strong growth and institutional backing, investing alongside leading venture and growth investors through dedicated transaction structures.

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Since 2022Strategy inception
US$1–20mTypical transaction
Deal-by-dealDedicated SPVs
US · Asia · EuropeUS primary · Asia & Europe selective
SPV administration
Edward Lear · Mount Sinai · 1849 · the founder’s collection
Selected investments
OpenAISpaceXAnthropicxAIAndurilGroqDatabricksByteDanceStripeHarbingerPartex AIHologenAlljoined

Selected investments. Past performance is not indicative of future results. Investment opportunities are subject to availability, eligibility and transaction-specific terms.

Access is only the beginning.

The most compelling companies increasingly remain private for longer. Panacea VC was established to provide qualified investors with access to opportunities that have traditionally been available primarily to institutional investors, major family offices and investors able to commit substantially larger amounts of capital. Our approach is selective by design.

01

Access

Our network of venture investors, growth investors, founders and market participants provides access to opportunities that may otherwise be difficult to source.

02

Selection

We are selective about the companies we pursue. We look for demonstrated commercial traction, strong competitive positioning, institutional backing and the potential to become enduring category leaders.

03

Underwriting

Every opportunity is evaluated independently across company fundamentals, valuation, ownership, governance, transaction structure and potential liquidity.

04

Structure

Each investment is structured deal-by-deal through a dedicated investment vehicle, allowing investors to evaluate individual opportunities rather than committing to a blind pool.

We do not seek to offer hundreds of opportunities. We identify a limited number of companies, conduct transaction-level diligence and structure each opportunity independently.

The next generation of industry is being built in private markets.

Some of the world’s most consequential technology companies are reaching significant scale before entering the public markets. For qualified investors, this creates an opportunity to participate in businesses at a stage where commercial traction, institutional validation and the path toward liquidity may be more visible than in early-stage investing. Panacea VC focuses on this intersection.

Established businessesInstitutional backing Selective entryDefined investment thesis

We do not sell access. We exercise judgment about where access is worth having.

From digital intelligence to the physical world.

Panacea VC’s original investment thesis was built around global technology leaders, and that thesis remains central. But the same forces transforming software are now reshaping physical infrastructure, energy, industry and human-computer interaction. We are expanding our investment aperture accordingly.

  • AI is moving beyond the browser.
  • Compute is becoming infrastructure.
  • Energy is becoming strategic.
  • Neural interfaces are emerging as a new layer of computing.

Global technology leaders

The companies establishing new categories and redefining existing industries, with demonstrated scale, institutional backing and strong competitive positioning.

Neural technology

The next computing interface may not be a screen. We are exploring technologies at the intersection of neuroscience, computing and human-machine interaction.

AI-native infrastructure

The AI economy requires an entirely new physical and digital infrastructure layer: compute, data-centre capacity, industrial systems and applied-AI capabilities.

Clean energy & advanced materials

AI and electrification are increasing demand for power, storage and new materials that support the next generation of energy and industrial infrastructure.

A disciplined approach to private-market investing.

Panacea VC does not approach private companies as a marketplace. We approach each opportunity as an investment decision. We focus on two profiles: established category leaders that have already demonstrated significant scale, and emerging leaders with meaningful revenue, strong competitive moats and the potential to become the next generation of market leaders. Every opportunity is judged against the Panacea VC Investment Framework.

01

Sponsor quality

We place significant weight on the institutional investors already backing a company.

02

Business quality

We seek companies with compelling products, strong customer demand, durable competitive advantages and significant addressable markets.

03

Scale & growth

We favour companies that have progressed beyond the earliest stages and demonstrated meaningful commercial traction.

04

Entry point

We assess valuation relative to company fundamentals, previous financing rounds and future value creation.

05

Structure

We evaluate the security, ownership chain, transaction documentation and SPV structure before capital is committed.

06

Liquidity

We seek businesses where a credible path to an IPO, strategic transaction or other liquidity event can be identified.

07

Alignment

We assess the interests of founders, shareholders, sponsors and counterparties for appropriate alignment.

From opportunity to investment.

The same defined process applies to every transaction, from the first sourcing conversation to the final distribution.

01

Source

We identify opportunities through relationships with leading venture and growth investors, founders, institutional investors and private-market participants.

02

Screen

We assess the company against our investment criteria, including market position, growth, revenue, valuation, sponsorship and potential liquidity.

03

Underwrite

We conduct detailed commercial, financial and transaction-level diligence.

04

Verify

We verify the underlying transaction, ownership chain, documentation and relevant counterparties.

05

Structure

The investment is structured through a dedicated investment vehicle appropriate to the transaction.

06

Invest

Qualified investors are offered the opportunity to participate on a deal-by-deal basis.

07

Monitor

We monitor the investment and relevant developments through the holding period.

08

Realize

Where applicable, proceeds are distributed following an IPO, strategic sale or other liquidity event, subject to the terms of the relevant investment.

Selected investments.

Panacea VC’s portfolio reflects our focus on businesses positioned at the intersection of technology, infrastructure and industrial transformation.

CompanyTheme
01OpenAIGenerative AI
02SpaceXSpace Infrastructure
03AnthropicArtificial Intelligence
04xAIArtificial Intelligence
05AndurilDefense Technology
06GroqAI Infrastructure
07DatabricksData & AI
08ByteDanceTechnology
09StripeFinancial Infrastructure
10HarbingerElectric Commercial Vehicles
11Partex AIAI Drug Discovery
12HologenHealthcare AI
13AlljoinedNeural Technology
14RCB NanotechnologiesCircular Economy Materials
15HalcyonWellness Biotech
Since 2022Strategy inception
US$1–20mTypical transaction size
United StatesPrimary geography
Asia & EuropeSelective exposure
Dedicated SPVsDeal-by-deal structure

Selected investments, shown to identify the strategy’s themes. No performance information is presented or implied. Past performance is not indicative of future results.

Institutional discipline at every stage of the transaction.

Private-market investing requires more than access. It requires confidence in the transaction itself. Panacea VC works with regulated counterparties and established service providers to implement a controlled investment framework for each transaction.

I

Regulated counterparties

We seek to work with regulated General Partners and counterparties operating within applicable US, UK and European regulatory frameworks.

II

Transaction verification

We conduct verification of the source of shares, transaction documentation and relevant ownership information.

III

KYC & AML

Investors and transactions are subject to applicable know-your-customer and anti-money-laundering procedures.

IV

Dedicated investment structures

Each investment is structured through a dedicated vehicle appropriate to the underlying transaction.

V

Segregated ownership

The investment structure is designed to maintain clear ownership and liability boundaries.

VI

Audit trail

Transaction documentation and investor records are maintained through the relevant administrative and legal framework.

VII

Investor protections

Material actions are subject to the applicable governance provisions of the investment structure and transaction documents.

Investor

Qualified investors participate on a deal-by-deal basis.

Panacea VC investment opportunity

Each opportunity is diligenced and structured independently.

Dedicated investment vehicle

A dedicated vehicle appropriate to the transaction.

Underlying private-company interest

Clear ownership and liability boundaries by design.

The specific structure, ownership chain, rights and protections vary by transaction and are set out in the applicable investment documentation.

Experience matters.

Pradeep Datwani

Pradeep Datwani

Founder & Managing Partner

Pradeep Datwani is a venture investor, entrepreneur and strategic advisor whose career spans more than two decades at the intersection of global capital markets and entrepreneurial value creation across Asia, Europe and the Middle East.

Educated in Taipei American School and then the US, where he studied Finance, he developed an early command of financial analysis and investment principles, together with a cross-cultural fluency that has defined his approach to global investing ever since. He went on to spend close to 25 years building his career across Hong Kong and Mumbai, two of Asia’s most consequential commercial centres, working closely with entrepreneurs, private businesses and capital markets through periods of significant regional growth. That grounding gave him a first-hand understanding of how enterprises are built, capitalised and scaled across markets with distinct economic and regulatory characters.

He later relocated to London, where for more than seven years he deepened his expertise in venture capital and institutional investment, engaging with international capital pools and global entrepreneurial networks at the highest level, sharpening his ability to identify businesses with genuine, durable growth potential and to partner with founders through the scaling process. For the past four years he has been based in Dubai, a natural platform from which to operate at the confluence of capital, entrepreneurship and emerging markets, working with founders, investors and high-growth businesses across multiple geographies.

Investment philosophy

Pradeep’s approach is built on disciplined opportunity selection and a long-term orientation toward value creation. He evaluates businesses through an integrated financial, strategic and operational lens, weighing market opportunity, business-model scalability, quality of management, competitive positioning, capital efficiency and risk with equal rigour.

His engagement extends well beyond capital allocation. He works alongside founders and management teams to refine strategy, surface growth opportunities and open access to the relationships and expertise needed to scale, in the firm conviction that sustainable returns are a function of enduring enterprise value: strong leadership, disciplined execution and intelligent capital deployment.

Having built his career across Taipei, New York, Hong Kong, Mumbai, London and Dubai, he brings a genuinely global vantage point to venture investing: financial discipline, cross-border experience and entrepreneurial instinct, applied to identifying and building the next generation of high-potential businesses.

From the collection

Works from a private collection, in passage: paintings, drawings and sculpture, principally modern and South Asian, held personally by the founder. They are not assets of Panacea VC.

Work from the founder's collection
Laxmipriya Panigrahi · watercolour · the founder’s collection
Work from the founder's collection
Ibrahim El-Salahi · the founder’s collection
Work from the founder's collection
Attributed to Ibrahim El-Salahi · the founder’s collection
Work from the founder's collection
Ibrahim El-Salahi · the founder’s collection
Work from the founder's collection
Ibrahim El-Salahi · Meditation Tree · 2018 · the founder’s collection
Work from the founder's collection
Untitled · the founder’s collection
Work from the founder's collection
Untitled · the founder’s collection
Work from the founder's collection
Ibrahim El-Salahi · the founder’s collection
Vasudev Bailey, Ph.D.

Vasudev Bailey, Ph.D.

Advisor

Vasudev Bailey, Ph.D., is currently the General Partner of Anomaly Ventures. He also sits on the Board of Advisors for the Department of Biomedical Engineering at Johns Hopkins Medicine, since 2019, and the Board of the University of California, Irvine, since 2024. Vasudev has an extensive track record investing in health technology and therapeutics companies.

Prior to his venture career, he served as the General Manager and Co-founder of GLG Institute, the world’s largest network of CEOs and CXOs, and as a Management Consultant at McKinsey & Company. Before McKinsey, he spent five years at Johns Hopkins School of Medicine developing technology for the early detection of cancer, focusing on epigenetics-based personalized chemotherapy testing.

Vasudev holds a Ph.D. in Biomedical Engineering from The Johns Hopkins University School of Medicine and a BS in Biomedical Engineering with a Minor in Political Science from UC Irvine.

Built for qualified investors.

Panacea VC is designed for investors who understand the characteristics of private-market investments and are comfortable evaluating opportunities involving illiquidity, valuation uncertainty and the potential loss of invested capital.

Investor profile
Family officesUHNW individuals Experienced private-market investorsProfessional & institutional investors

Opportunities are offered selectively and subject to applicable eligibility requirements, jurisdictional restrictions and transaction-specific terms.

Fees & structure
One-time set-up feeOn enquiry
Annual management feeOn enquiry
Carried interestOn enquiry
Typical transaction sizeUS$1–20m

The applicable fees, expenses, carried interest and other economics may vary by transaction and are governed by the relevant investment documentation. Full details for investors  ·  How it works

Notes from the desk.

Perspectives on private markets, written for the desk’s investors. The full research notes are published at panaceavc.com/research.

01

The opportunity beyond the IPO

Why some of the world's most important companies are creating significant value before entering public markets.

02

Investing in the AI infrastructure economy

The infrastructure requirements emerging behind the next generation of artificial intelligence.

03

Primary vs. secondary private-market investments

Understanding the differences between newly issued securities and existing shareholder interests.

04

What makes a private-company investment compelling?

The factors we consider when evaluating growth, valuation, governance and liquidity.

05

Understanding SPVs

Why transaction-specific investment vehicles are used in private-market investing.

06

From software to physical intelligence

Why the next phase of AI may increasingly be defined by robotics, energy, infrastructure and industrial applications.

Access begins with a conversation.

Panacea VC works with a select group of qualified investors. If you would like to learn more about Panacea VC and receive information on relevant investment opportunities, we invite you to get in touch.

Panacea VCPradeep Datwani
Founder & Managing Partner AccessBy introduction