Peer Ventures Group IV
Overview
The legal entity identified by the court is Peer Ventures Group IV, L.P.; the related investment evidence involved Mark Campbell. The fund was associated with the Peer Venture PartnersPEER VCPEER VC is a venture firm co-founded by Jared Hutchings, Mark Campbell and Donald L. Lucas. Its Peer Venture Partners investment operation backed Theranos.Open the full entry investment operation, but the fund, management platform and partners are distinct subjects.[1]
Contents4 sections
Key facts
2010–2013Earlier Investments
The restitution decision recognized investments of $45 million in July 2010 and $17.7 million in June 2013. These amounts came from a spreadsheet TheranosTheranosTheranos was a blood-testing company founded in 2003 by Elizabeth Holmes and based in Palo Alto, California, which offered retail testing with Walgreens and was valued at up to $9 billion before regulatory sanctions and criminal charges over alleged fraud in its technology and financial claims led to its dissolution in 2018.Open the full entry’s corporate controller gave the SEC on July 19, 2016. The court used it to determine amounts, not independently to infer investment reliance.[1]
May 16, 2023Restitution Calculation
The court added $30,799,912 previously identified at sentencing to $62.7 million in earlier investments, producing restitution of $93,499,912. Listing the amounts together does not date the entire $30,799,912 to 2013.[1]