Archive | November, 2018

Hot Investor Mandate: Canada-Headquartered VC Firm Invests Up to $12M Over Life of Investment, with Strongest Interests in Therapeutics and Device Companies

15 Nov

A life sciences Venture Capital firm based in Toronto with other offices throughout USA and Canada manages over $350M and is currently investing from a recently closed new fund. The firm typically makes initial investments ranging from $2-6 million of equity and looks to invest $8-12 million over the lifetime of the investment. The firm expects to make 4-6 investments over the next 12 months.

The firm invests primarily in therapeutics and medical devices, with selective investments in diagnostic imaging and digital health. The firm generally looks for companies phase I and later that have at least some human proof-of-concept with either early human efficacy signs or very strong animal data coupled with human safety data.

The firm invests in companies throughout the United States and Canada. The firm does not look to take an active role on the management team but does look to take a board seat.

If you are interested in more information about this investor and other investors tracked by LSN, please email mandates@lifesciencenation.com.

Hot Investor Mandate: VC Firm Invests Up to $7M in Early-Stage Medical Devices & Diagnostics in Markets of Unmet Medical Need, Ideally of at Least $10B

15 Nov

An early-stage venture capital firm based in the bay area is currently making Seed and Series A investments into companies ranging from $500K to $7 million, depending on the stage and financial requirements of the company – with up to $15 million over the company’s lifetime. The firm has a preference for companies based in Silicon Valley, but will consider opportunities globally.

The firm is sector agnostic having its main screening criteria be that the company is operating in a white space (meaning little or no competition) and having potential market sizes of at least $10 billion from a bottoms-up view. That being said, companies in the life science space that the firm is most interested in include medical technology, devices, and diagnostics for massive unmet markets such as diabetes, hypertension, and obesity. Additionally, the firm is interested in lab and provider service companies, although the firm is very sensitive to market size (need to meet the aforementioned market size). Areas where the firm has been involved previously include a genomic cardiovascular diagnostic, bioinformatics, lab services and other diagnostics companies.

The firm looks to be the first institutional investor in companies and acts as a lead or co-lead investor. The firm looks to take an active board seat into companies and assist with many aspects of the company’s development. The firm considers experienced management teams and a history of success as a strong plus, but is comfortable in working with first-time entrepreneurs.

If you are interested in more information about this investor and other investors tracked by LSN, please email mandates@lifesciencenation.com.

Hot Investor Mandate: Venture Investment Firm Open to Investing Across All Life Scienc-Related Sectors, with Focus in South California & Southwestern USA

15 Nov

A life-sciences focused venture capital firm is currently making investments out of its third fund. The firm primarily makes equity investment into seed and early stage rounds ranging from $250,000 to $1 million initially and up to $2 million over the lifetime of the investment. The firm is focused on companies located in Southern California and the Southwestern United States although they are open to review companies from throughout the US. The firm could make as many as 3 new investments over the next 6-9 months.

The firm is looking for companies in sectors of Therapeutics, Diagnostics, Medical Devices, Life Science Tools and Healthcare IT. The firm is agnostic in terms of subsectors and indications within these areas and is also interested in orphan indications and wireless medical devices. The firm looks to invest in early-stage companies including pre-clinical stage companies with some supporting in-animal data, although it is not a requirement.

The firm is looking for privately held companies with experienced management teams. The firm looks to play an active role as an investor and generally looks to take a board or board observer seat following investment.

If you are interested in more information about this investor and other investors tracked by LSN, please email mandates@lifesciencenation.com.

RESI NYC 2018 Innovation Challenge – Check Out the Winners

8 Nov

By Karen Deyo, Investor Research Analyst, LSN

This past Monday, November 5th, at RESI NYC, all attendees, including scientist-entrepreneurs, investors and service providers, walked through the exhibit hall at the Midtown Hilton where the Innovation Challenge was taking place. The 30 finalists participating displayed their technologies, spanning from therapeutics to medical devices, diagnostics and digital health. These finalists were selected based on how investable they are, with criteria evaluating both innovation and commercial viability. We wish success to all of the finalists, but we offer congratulations to the 3 winning companies.

First Prize: Promaxo

Promaxo is a medical technology company that develops and commercializes office-based modular MRI and MRI based technologies. The Company is currently focused on advancing the solutions for prostate disease management and other urology and pelvic conditions.

Lucy Parkinson, VP of Investor Research, Life Science Nation | Amit Vohra, CEO & President, Promaxo | Dinesh Kumar, Chief Operations Officer, Promaxo | Dennis Ford, Founder & CEO, Life Science Nation

Second Prize: Keriton

Keriton Kare is a NICU feeding management, lactation analytics and patient engagement platform with end-to-end automation to improve process efficiency, reduce risk of erroneous feeds and enhance breastfeeding outcomes through a suite of mobile applications – Kare Mom and Kare Nurse.

Lucy Parkinson, VP of Investor Research, Life Science Nation | Rich Mager, CEO, Keriton | Dennis Ford, Founder & CEO, Life Science Nation

Third Prize: Thermaquil

Thermaquil discovered a completely new way of managing pain. We are first addressing the heart of the opioid crisis by treating post-surgical pain. Our minimally invasive device will be inserted at the time of surgery by the surgeon or anesthesiologist and later pulled out by the patient’s physician when recovery is complete. Thermaquil’s system creates a virtual filter across any nerve that allows patients to dial-in 0-100% how much of the nerve’s firing gets through by gently warming and cooling a short section of the nerve. Reversible thermal nerve blocks are a new mechanism of pain treatment distinct from drugs and electric stimulation. Thermaquil seeks to reduce or eliminate the need for opioids through non-addictive thermal nerve blocks.

Lucy Parkinson, VP of Investor Research, Life Science Nation | Stephen Popielarski, CEO & Co-founder, Thermaquil | Dennis Ford, Founder & CEO, Life Science Nation

Hot Investor Mandate: New York Family Office Seeks Oncology & Diabetes-Related Technologies, with Strongest Interests in Devices and Diagnostics

8 Nov

A family office based in New York, NY looks to invest in medical devices and diagnostics, but will also consider therapeutics and digital health. The firm prefers companies that have some proof of concept data, with some animal studies complete, and will invest through to clinical-stage companies. The firm generally co-invests in a syndicate, and will invest between $100-500K, depending on the stage of development of the company. The firm is currently interested in investing in companies located in North America.

The firm is focused primarily on medical devices and diagnostics, but will consider therapeutics, if they are first in class, and digital health, with a focus on AI-related technologies. The firm has focused on technologies related to oncology, diabetes and kidney diseases, but will consider other indications as well.

The firm is interested in companies with strong management teams. As the firm will generally co-invest, board representation is not usually required after investing.

If you are interested in more information about this investor and other investors tracked by LSN, please email mandates@lifesciencenation.com.

Hot Investor Mandate: Venture Capital Firm Actively Seeking New Therapeutics & Medical Device Investment Opportunities in the USA

8 Nov

A venture capital firm with multiple offices throughout the USA currently has approximately $350 million in total assets under management. The firm is making 2-3 new investments every month from its newest fund. The firm typically makes investments ranging from $0.25 million to $6 million over the life of the company. The firm prefers to invest early at the Seed, Series A and Series B stage. The firm will consider investing in any industry segment, but there must be at least one other venture capital firm making their first investment in the company in this round. The firm only invests in US-based companies.

The firm is currently looking for new investment opportunities in the life sciences space. The firm is very opportunistic in terms of sectors, subsectors and indications. The firm is currently active in therapeutics companies that develop nucleic acid drugs and small molecules to treat oncology and infectious diseases. The firm is also active in medical devices companies that develop active diagnostic and therapeutic radiation devices, implantable devices and surgical devices.

The firm seeks to invest in private companies based in US and only acts as a co-investor in financing rounds. The firm invests in companies that already have at least one other venture capital firm making their first investment. The best time to engage with the firm is when a company has a term sheet or expression of interest from another Venture Capital Firm.

If you are interested in more information about this investor and other investors tracked by LSN, please email mandates@lifesciencenation.com.

Hot Investor Mandate: Single Family Office Invests in Breakthrough Therapeutics with Established Proof-of-Concept & Devices with Clear Path to Commercialization, and Digital Health

8 Nov

A single family office based in New York, NY. The group has significant experience in the healthcare space and has made several successful investments in a variety of life science companies. Initial investments can range widely depending on the needs and stage of development of the company, with allocations from $100K – $4M. Investments may come in the form of straight equity or convertible notes. The firm may lead or co-invest in a syndicate and typically looks to take a meaningful stake in portfolio companies. The group may seek a board seat depending on the size of the investment and their role in the financing round, however it is not a requirement.

The firm is fairly opportunistic in the healthcare space and is interested in therapeutics, medical devices and increasingly digital health/healthcare IT, however the group favors breakthrough technologies. As for therapeutics, The firm is most interested in companies with POC/Ph. II data, but will evaluate companies with some earlier clinical data as well. In the medical device space, the group will consider companies yet to obtain FDA approval, but looks for companies with a clear path to approval and commercialization. The firm has historically focused on biotech and medtech companies, but plans to become more active in the healthcare IT space going forward.

The firm has no strict management team requirements, but favors strong management teams with considerable experience. The group tends to focus on U.S.-based companies, but has no geographic restrictions.

If you are interested in more information about this investor and other investors tracked by LSN, please email mandates@lifesciencenation.com.