Hot Investor Mandate 1: Private Equity Firm Seeks Commercial-Stage Life Science and Healthtech Opportunities

13 Jul

A private equity firm based in Philadelphia, PA provides expansion and growth capital to commercial-stage companies in select healthcare sectors. The firm recently closed its first fund in June of 2016 at $200M, and is targeting initial equity investments around $10M with up to another $5M-$10M in additional capital reserved for follow-on investments. The partners of the firm have significant experience investing in and building healthcare companies, and look to leverage their operational experience to help portfolio companies grow and scale. The firm is focused on US-based companies, and prefers to lead rounds but will also participate as a minority investor in a syndicate. The firm is targeting 3-4 investments per year.

The firm is focused on commercial-stage companies within specialty pharmaceutical, medical technology, healthcare services and digital health that are generating at least $5M in revenue. It is not a requirement that the company have positive EBITDA, but should be anticipating positive cash flow within 18 months. 1315 Capital has particular interest in obesity prevention, opioid addiction, podiatry and cosmeceuticals.

The firm prefers to work with experienced management teams and typically avoids first time entrepreneurs, but will evaluate companies with a great product and complete management team. The firm prefers to work with companies that have more than one product. The firm does seek a board seat along with investment and prefers to be involved with the management team, given the firm’s expertise in operations and ability to directly help the company scale.

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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