Hot Investor Mandate 4: Midwest Angel Group Seeks Medtech & Healthcare IT Deals Across the USA

14 Apr

An angel network founded in 2006 and based in Illinois looks to make seed and venture investments generally ranging from $200K to $2M. The group prefers to invest in companies with pre-money valuations of less than $5 million. While the firm prefers to invest in the Midwestern US they are also open to investing as a member of a syndicate in other regions of the United States.

In the life science space, the group is currently interested in companies working with medical technology, healthcare IT and healthcare services/analytics. In terms of healthcare IT, companies with a B2B or B2C (including wearables) focus are both of interest. The group does not invest in drug development/biopharma companies. The group is looking for companies with Class I and II devices that have a defined 510k regulatory pathway with a clear route to commercialization. The group is open to all indication types within this area, prefers company with the potential to reach commercialization in 6-12 months.

The group is looking for privately held companies with experienced management teams, and looks to take a board seat following investment.

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: