Cedar Pine is a private investment firm and family office headquartered in Northbrook, Illinois, specializing in strategic, long-term assets. It invests growth capital directly in profitable businesses, with a focus on non-life science healthcare and national security/defense, and does not accept outside capital.
50% of their portfolio is in Healthcare. Deal activity increased 100% year-over-year (2 deals in the last 12 months). Their most common stage is series-b (67% of deals). Average disclosed round size is $81.6M (across 4 rounds with reported amounts).
Portfolio
5
Fund Size
—
Top Stage
Series B
Last 12 Mo
2
Team
SW
Stephen Weiss
Managing Director
BB
Billy Balsamo
Senior Investment Associate
CT
Corey Theiss
Senior Investment Associate
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
6 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| PPerformance Drone Works | Series B | $110M | Mar 2026 |
 PDW | Series B | $110M | Mar 2026 |
 Stepful | Series B | $31.5M | Nov 2024 |
 American Pain Consortium | Growth | — | Jan 2024 |
| American Pain Consortium | Growth | — | Nov 2023 |
 Digital Diagnostics | Series B | $75M | Aug 2022 |
Top Co-Investors
Booz Allen Hamilton2 shared
8VC1 shared
KKR1 shared
SJF Ventures1 shared
Optum Ventures1 shared
Gaingels1 shared
Company Ventures1 shared
Y Combinator1 shared
Oak HC/FT1 shared
SemperVirens Venture Capital1 shared
AlleyCorp1 shared
Reach Capital1 shared
ECMC Group1 shared
Crescent Cove1 shared
SecondMarket1 shared
Last updated: 7 October 2026