F-Prime Capital

F-Prime Capital is the venture capital arm of Fidelity Investments, operating for more than 50 years with a structural advantage almost no other firm on this page shares: it invests without any pressure from outside fundraising, letting it back entrepreneurs on a genuinely long time horizon. That freedom has produced an unusually hands-on, company-formation-heavy model - F-Prime has co-created more than 30 companies from scratch, including Beam Therapeutics, Denali Therapeutics, and Innovent Biologics, working directly with academic researchers to spin science into standalone businesses rather than only backing existing startups. The firm invests stage-agnostically across healthcare (therapeutics, medtech, health IT) and technology (enterprise software, fintech, frontier tech), and now manages approximately $4.8 billion across a global portfolio of more than 300 companies.

$4.8B AUM 78/100 Power Score™ 1970 Founded Cambridge, MA
Biotech Healthcare Enterprise Software Fintech
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Signature Exit

Beam Therapeutics' 2020 Nasdaq IPO - President Stephen Knight personally co-founded the gene-editing company and has served on its board since 2017

Key Partners & Leadership

President & Senior Managing Partner
Team Member
Team Member

Firm Timeline

2003
Stephen Knight joins F-Prime Capital, then known as Fidelity Biosciences.
2015
Rebrands from Fidelity Biosciences to F-Prime Capital.
2017
Co-founds Denali Therapeutics; Denali completes its Nasdaq IPO in December.
2020
Beam Therapeutics, co-founded by Stephen Knight, completes its Nasdaq IPO.
2026
AUM reaches approximately $4.8 billion across a portfolio of more than 300 companies worldwide.

Notable Public Portfolio Companies