Hot Life Science Investor Mandate 3: Angel Group Plans Several Medtech, Healthcare IT Allocations

16 Oct

An angel group that began making investments into life sciences in 2000 and is based in the Eastern US, and manages a fund structure and has raised four funds to date. The firm looks to invest along with other members in its network to companies that are looking to raise $1-$3 million in capital. The firm plans to make 6 allocations in the next 6-9 months.

The group is currently looking for companies in the Healthcare IT and Medical device spaces. The firm is agnostic in terms of indication, but they are not interested in companies whose products will require an arduous FDA approval process. The firm is interested in companies who already have a prototype of their product available.

The group is only interested in companies with experienced management and looks to be an activist investor. The firm will not consider companies whose are going to require more than $ 10 million in total investment over their life time. The firm is looking for highly capital efficient companies that have a clear plan to partner or get bought out by a larger organization.

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