Hot Investor Mandate 2: Innovation Center Provides Seed Financing to Healthcare IT Startups

25 May

An innovation center based in the US Midwest that has relationships with major healthcare firms has invested in a total of 14 portfolio companies and continues to seek new opportunities in the life science and healthcare space. The firm has an early-stage focus and participates in seed/pre-Series A financing rounds, with preferred capital structures being equity and convertible notes. Many investments have been focused on the local ecosystem, but the firm will consider opportunities from all across the USA, and may be open to looking beyond the USA if the product of interest is considered highly innovative.

The firm is most interested in healthcare IT/digital health and healthcare services products. The firm’s portfolio does include diagnostics and medical device companies and the firm will consider start-ups in these sectors, but will not consider 510k or PMA devices. The firm is also not interested in the pure biopharma/therapeutics space. For digital health companies, the firm expects to see some kind of traction but is open to those in their very early development stages.

The firm seeks to work with privately owned companies supported by experienced management teams with strong industry expertise and knowledge. The firm can act as either a lead investor or co-investor, and does not always take a board seat in 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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