Hot Life Science Investor Mandate 2: VC Fund Ready to Invest in Medtech Space in Coming Months – February 20, 2013

20 Feb

A venture capital firm based in the Midwestern US with $254 million in total assets under management is currently looking for new opportunities in the life sciences space. While the firm has no set timeframe to make an allocation, they would invest in a company within the next few quarters if a compelling opportunity were uncovered. The firm typically writes equity checks in the $5-35 million equity range. They have raised four funds in the past.

The firm is currently most interested in the medtech space, and is specifically looking for companies developing medical devices. Specifically, they are looking for firms in the neurology, cardiology, pulmonology, hearing, and wound-care spaces. The firm also has a particular interest in companies developing disposable devices.

Their goal is to bridge the gap between venture capital and growth equity. With that being said, the firm will consider both pre-revenue firms, and firms that are cash-flow-positive with products on the market. For companies that have devices already on the market, the firm looks for revenue in the range of $20-30 per annum. For companies that are pre-revenue, the firm will only invest in phase II or later.

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