Hot Life Science Investor Mandate 4: Midwestern US-Based VC Seeking Healthcare IT Opportunities

5 Nov

An early-stage investment firm is based in Midwestern US and consists of a team of entrepreneurs experienced in the grind of starting, operating, growing and harvesting exciting companies. The firm is investing from a $23M fund closed in 2014. The firm typically participates in institutional rounds and makes equity investments ranging from $250K-$750K in technology companies in $500K-$2M financing rounds. Convertible notes can be made in less frequent occasions.

Roughly 75% of the businesses the firm looks at are located in the Mountain West, and 25% are outside of the region. The firm seeks to lead a financing round in locally based businesses, but it typically plays a minor role in investment outside of their region unless there is a strong fit and local lead. The firm is currently seeking new opportunities.

Within healthcare, the firm is interested in health technologies that are easy to scale and require a short or no regulatory pathway to market. Examples include genomic analytics, physician-patient interphase platform, mobile health, and medical device with a heavy software component. The firm prefers post-concept projects with recurring revenue of 20-60K/month or some market validation.

The firm is looking for experienced management teams with proven profitability. The firm’s team brings in operational expertise and expects to get involved. The firm is open to both leading and co-investing, and if leading is the case, the firm typically takes a board seat.

If you are interested in more information about this investor and other investors tracked by LSN, please email mandates@lifesciencenation.com

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