Hot Life Science Investor Mandate 3: VC is Interested in Single Use Devices, Several Indications

18 Dec

A venture capital company based in the Western US has raised 2 funds to date, and is currently investing out of its 2nd $15 million dollar fund. The firm makes primarily equity investments ranging from $50,000 to $5 million over the lifetime of the investment. The firm is looking for companies located within the United States and plans to make approximately 2 new investments over the next 6-9 months.

The VC is looking for seed and venture stage medical and diagnostic device companies. In these areas the firm is most interested in single use devices capable of delivering a therapy, and in indications such as cancer, cardiovascular and neurological diseases, orthopedic problems, respiratory conditions, and gastrointestinal disorders. While this is the firms primary focus, they remain open minded to other types of devices and indications as well.

The VC looks for professionalism in a firms management teams and is willing to work with firms that do not yet have a complete management team in place.

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