Hot Investor Mandate: Large USA Fund Invests in Early-Stage Medical Devices, Diagnostics, Digital Health in North America

27 Aug

A USA-based fund invests in both external venture capital funds, and also has a fund of $150 million from which to make direct investments in early stage companies. The firm focuses on investing in startups with some connection to universities near the fund but also makes some investments into outside startups.  Initial investments are typically made at an early stage, and most are from $250,000-1 million; the firm also makes follow-on investments. The firm invests primarily in the US and also considers opportunities in Canada.

The firm invests in a wide variety of technology sectors; in the life sciences, the fund is focused on diagnostics, medical devices, and innovative areas of digital health.  The firm is opportunistic and will consider life science innovations broadly; areas of high interest include cancer care, AI, machine learning, clinical decision support systems, and imaging.  The firm will consider investing at a very early stage of development.

The firm focuses on startups with a connection to local universities, and the organization has an additional innovation capital program for developing innovative technology in the US Midwest, including resources for incubating and accelerating new life science startups.  However, the firm also invests in startups that have no prior connection to such universities.

If you are interested in more information about this investor and other investors tracked by LSN, please email

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