Hot Investor Mandate: Midwest Fund Focuses on Digital Therapeutics and Cell & Gene Therapy

29 Aug

A midwest-based VC firm invests in several sectors, including health and life sciences.  Within healthcare, the firm invests primarily in digital heath and digital therapeutics technologies, although they will consider medical device and diagnostics companies. In addition, the firm is also now interested in investing in cell and gene therapies and manufacturing technologies as well. The firm is highly flexible regarding investment size, and will allocate from $1-50M depending on the opportunity and stage of development, with a smaller range of $2-5M for cell and gene therapy technologies. The firm frequently invests in businesses with a significant presence in the Midwest, but will consider strong opportunities elsewhere in the US, or global companies expanding to the US.

For digital health and digital therapeutics companies, the firm will invest in all stages, from pre-revenue to companies with revenue in the tens of millions, and will tailor their investment size accordingly. The firm is fairly agnostic to the type of technology, but is less interested in provider-focused tech. While the firm will consider tech-enabled medical devices and diagnostics companies, this is a secondary interest. The firm is also now investing in pre-clinical cell and gene therapy technologies, as well as companies developing manufacturing techniques for these therapies.

The firm generally prefers to lead investments, but is more likely to co-invest in companies in the cell and gene therapy space. The firm is flexible about board representation, but is more likely to take a board seat in digital-based technology 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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