Hot Investor Mandate 4: VC Firm Looks for Medtech and Digital Health Companies in USA and Canada, with Focus on Drug Platform & Consumer-Facing Technologies

15 Feb

A venture capital firm with offices in Boston, San Francisco and Toronto, Ontario invests in several verticals including enterprise software, media and technology, health and life sciences, virtual reality, industrial & business services and blockchain solutions. The fund makes initial investments in the range of $250K – $1M in the form of straight equity or convertible notes and typically targets seed and series A rounds. The firm only leads or co-leads rounds that they can capture a meaningful stake in the company and chunk of the round with $1M. The fund looks to be very active in their investments and add value to portfolio companies through ongoing support and advice as well as leveraging a broad business network. The firm is focused on companies based in the U.S. and Canada and looks to do 10-20 deals per year.

In the healthcare space, the firm is primarily interested in the healthcare IT/digital health, medtech and diagnostics space. The fund is not interested in traditional medical devices and diagnostics that require FDA approval, but rather devices and diagnostics with both a hardware and software component which do not require a traditional regulatory pathway. The fund is most interested in point-of-care and consumer facing technologies as well as platform technologies that help bolster and make the drug discovery/research process more efficient and accurate.

The firm is looking for companies with some type of traction, not necessarily revenue but at least an LOI or pilot in place. The fund will work with novice entrepreneurs, but the founder(s) should at least have deep technical expertise in the area they are pursuing. The firm looks for a board seat as well as pro rata and information rights along with an investment.

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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