A fund backed entirely by a consortium of Senior Living Systems looks to allocate anywhere from $.5 – $5 million into commercial stage companies with products or services for the aging and elderly population, typically in a series A, B or C round. The firm has the majority of its portfolio dedicated to companies based in the US although they do have the ability to invest internationally as well. The firm could make as many as 4-5 investments over the next 6-12 months.
The firm is looking for companies operating in the Healthcare IT and Services sectors, with products or services for the aging and elderly population. The firm is only interested in investing in companies with products already on the market that have been able to demonstrate some market traction prior to investment.
The firm is looking for privately held companies with experienced management teams. The firm prefers there to be a complete management team in place prior to investment and often looks to take a board seat.
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