Hot AI Mandate: UAE-based Family Offices Interested in Medical Device Companies

19 Oct

An established group of companies headquartered in Dubai, UAE specializes in the steel and oil industries is run by a family of doctors. Outside of their business in these industries, the firm actively makes direct investments into life science companies in Seed to Series A rounds, and sometimes Series B. Initial average check sizes are between $500k – 1M, though the firm has invested up to $2M. The group does occasionally participate in pre-IPO rounds with larger commitments, but this has been in companies outside of the life sciences industry. In addition, the group is an LP in some micro-VCs that invest in various sectors, and works with them to identify promising co-investment opportunities. The group has mainly considered opportunities in USA and Western Europe, but is open to all companies across the globe with the exception of India, as the group already has a strong network there.

Within life sciences, the firm is most interested in medical device companies and has looked into surgical devices, robotics, etc. The firm is open to all regulatory pathways, but prefers 510k companies. Current areas of interest include elderly care/longevity, genetics, and microbiome. The group will not consider therapeutics or in vitro diagnostics companies; digital health may be considered but is not a high priority.

The group has no specific company or management team requirements. The firm usually acts as a co-investor. The group has a strong hospital network in India as part of their business, and they actively help with the due diligence process.

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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