Piper Sandler Merchant Banking
Minneapolis, Minnesota, United StatesFounded 1895
Piper Sandler Merchant Banking (PSMB) is the growth equity investment arm of Piper Sandler, focusing on private, commercial-stage businesses with strong growth prospects in sectors such as Healthcare, Technology, Consumer, and Tech-Enabled Business Services. Their strategy involves supporting proven businesses and management teams at critical inflection points to accelerate growth, often through minority growth financings, secondary purchases, and participation in growth company control transactions.
50% of their portfolio is in Healthcare. Their most common stage is series-c (50% of deals).
Portfolio
2
Fund Size
—
Top Stage
Series C
Last 12 Mo
0
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
2 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Integrity Orthopaedics, Inc. | Series B | $20.6M | Apr 2024 |
 Apkudo | Series C | $37.5M | Feb 2023 |
Top Co-Investors
Last updated: 16 April 2026