Hot Investor Mandate 3: Southeast VC Raises Tech Fund with Digital Health Interest

30 Mar

A venture capital firm based in Fort Lauderdale, FL has launched its first fund, aimed at a $50M close. The firm seeks to invest in early-stage technology companies, including those with digital health/healthcare IT products. The firm will generally make equity investments in the $1-2.5 M range but can also deploy smaller, angel investments and provide follow-on investments as the company grows. The firm is looking to secure 3-4 deals per year. The firm will consider all companies based in the US with a focus in the Southeast region.

In the life sciences field, the firm has a strong focus in healthcare IT and is not open to opportunities in therapeutics, medtech, or diagnostics. Digital health products are expected to demonstrate strong market traction with ongoing post-pilot sales.

The firm will support privately owned companies with an experienced management team with a track record of success and the ability to properly execute strong business plans. These companies should be generating minimum $500K revenue, but ideally closer to $1M. The firm prefers to lead financing rounds and will generally seek board representation, as the firm seeks to be an active part of its portfolio companies.

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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