Hot AI Mandate: US-based VC

12 Oct

A venture capital company was founded in 2007 and based in Durham, North Carolina with additional office in Orlando, Florida. The firm has approximately $38 million in total assets under management. The firm seeks to make equity investments in 2 to 3 companies in the next 6 to 9 months. The average first investment in a company is $0.1 million to $ 0.75 million, though it can invest up to $ 1.5 million, depending on the opportunity. The firm prefers to invest in seed and early- stage companies located in the Southeast and Mid-Atlantic regions of the US with a focus in the states of North Carolina and Florida.

The firm is currently looking for new investment opportunities in Medical Technology and Healthcare IT spaces. The firm is most interested in companies producing medical devices and software. The firm is very opportunistic in terms of medical devices, and it would consider companies operating within any subsector of medical technology. The firm generally makes investments in pre-clinical and prototype stages within medical technology sector.

The firm will consider pre-revenue companies and make initial investments in companies with no revenues. The firm prefers to invest in technologies that are disruptive to existing markets or enable entirely new ones. The firm will not consider any biotechnology and pharmaceutical companies, and additionally would not be interested in growth companies.

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

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