A venture capital firm based out of Palo Alto, California is investing from a fund closed in 2015. The firm is flexible in terms of capital structure and seeks to lead Series A rounds in the $2M to $20M range with appropriate reserves for follow-on rounds. The firm is seeking to make 3 new investments within the next year. The firm is actively looking to invest in private companies, and will consider companies anywhere in the United States, but strongly prefers companies to be nearby San Francisco, New York or Boston.
The firm is interested in Healthcare IT, Wearable Devices, and Integrated Medical Devices. The firm is not interested in stand-alone device companies, and is only interested in devices with a software component. The firm may be interested in technology with a mobile app component, though that is not their focus. The firm will look at 510K devices only, though has a preference for technology that does not require FDA approval. The firm looks for disruptive technologies past prototype stage; it is not necessary for the technology to have FDA approval, but it must have solid data that shows its ability to drive valuable clinical outcomes. The firm has active interest and more inclination towards: cardiovascular/hypertension, obesity and weight loss, mental health, genetics, and heart failure.
The firm looks to invest in companies that have experienced management teams. The firm looks to take a board seat and play an active role in its portfolio companies.
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