Questions and answers

What investors ask.

Short answers in the firm’s own words. For anything not covered here, the desk answers directly.

What is Panacea VC?

Panacea VC is a Dubai-based private-markets investment boutique founded by Pradeep Datwani, providing qualified investors with deal-by-deal access to late-stage private companies through dedicated special purpose vehicles. It is not a fund.

Is Panacea VC a fund?

No. Panacea VC is not a fund. Each opportunity is structured as its own special purpose vehicle, so investors choose the companies they take exposure to rather than committing blind capital to a pool.

Where is Panacea VC based, and where does it invest?

The firm is based in Dubai and invests primarily in the United States, with selective exposure across Asia and Europe. It has operated since 2022. Typical transaction size is US$1 to 20 million.

Who founded Panacea VC?

Panacea VC was founded by Pradeep Datwani, its 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. For the past four years he has been based in Dubai.

Is Panacea VC the same as Panacea Venture or Panacea Capital?

No. The firm’s name is Panacea VC, also written PanaceaVC. Some earlier documents of the firm use the name Panacea Capital, which is now the name of an unrelated life-sciences venture firm, formerly Panacea Venture. Panacea VC is not affiliated with that firm; with Panacea Biotec, the Indian pharmaceutical company; with Panacea Financial; or with any medical clinic carrying the name.

What does Panacea VC invest in?

Panacea VC sources allocations in late-stage private companies, principally through secondary transactions and structured access ahead of a liquidity event. Its themes are global technology leaders, neural technology and brain-computer interfaces, AI-native infrastructure, and clean energy and advanced materials. Selected investments are shown on the home page to identify the strategy’s themes.

What is a special purpose vehicle (SPV)?

A special purpose vehicle is a transaction-specific investment entity. Investors hold interests in the vehicle, and the vehicle holds the interest in the underlying company. Each investment is structured through a dedicated vehicle appropriate to the underlying transaction, designed to maintain clear ownership and liability boundaries, and administered by Roundtable.

What is the difference between a primary and a secondary investment?

A primary investment is the purchase of newly issued securities directly from a company, typically in a financing round. A secondary investment is the purchase of existing shareholder interests, from an early investor, employee or fund, usually ahead of an IPO or other liquidity event.

How does a Panacea VC investment work?

Every opportunity goes through eight steps: source, screen, underwrite, verify, structure, invest, monitor and realize. Qualified investors are offered the opportunity to participate on a deal-by-deal basis, and where applicable, proceeds are distributed following an IPO, strategic sale or other liquidity event, subject to the terms of the relevant investment. How it works sets out each step.

What does Panacea VC look for in a company?

Seven criteria: sponsor quality, business quality, scale and growth, entry point, structure, liquidity and alignment. Every opportunity is underwritten across the sponsor, the business, the entry point and the route to liquidity before it is presented to anyone.

Who can invest with Panacea VC?

Family offices, UHNW individuals, experienced private-market investors, and professional and institutional investors. Opportunities are offered selectively, by introduction, and subject to applicable eligibility requirements, jurisdictional restrictions and transaction-specific terms. Investors and transactions are subject to applicable know-your-customer and anti-money-laundering procedures.

How are opportunities offered?

Each opportunity is presented with its own memorandum and materials, privately and by introduction. There is no pooled fund and no blind commitment.

What are the fees?

Fees, carried interest and other economics are specific to each transaction, disclosed on enquiry, and governed by the relevant investment documentation. A full schedule is provided before any commitment.

How are transactions verified and governed?

We seek to work with regulated General Partners and counterparties operating within applicable US, UK and European regulatory frameworks. We conduct verification of the source of shares, transaction documentation and relevant ownership information. Each investment is structured through a dedicated vehicle, and transaction documentation and investor records are maintained through the relevant administrative and legal framework.

What are the risks?

Private-market investments are illiquid; there may be no market for an interest in a vehicle before a liquidity event, and there is no assurance that a liquidity event will occur. Valuations of private companies are uncertain and may fall. Investors may lose all of the capital invested. No performance information is published by the firm.

Does Panacea VC publish research?

Yes. The research notes are published in full: company theses, thematic pieces and updates when the facts move. News on the portfolio companies is collected weekly on Portfolio news.

How do I get in touch?

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

Request an introduction

Opportunities are offered selectively and subject to applicable eligibility requirements, jurisdictional restrictions and transaction-specific terms. Private-market investments involve illiquidity, valuation uncertainty and the potential loss of invested capital. Nothing on this page is investment advice or an offer of securities.