Hot AI Mandate: Boston-based VC Focuses on Early Stage Healthcare IT and Service Companies

5 Apr

Based in Boston and founded in 2006, a venture capital firm is currently investing from its fourth fund of $300 million closed in 2019. The firm typically is the lead or co-lead in the first institutional or Series A rounds in early-stage companies in the enterprise information technology (IT) space, including digital health. The firm’s equity investment size ranges from $3-7 million. The firm is most active on the US East Coast and would consider opportunities from across the US. The firm plans to make 5-7 new investments in the following year.

Within digital health, the firm is seeking systems, technologies, and services that support clinical delivery to improve outcomes and efficiency of clinical care. The firm is not interested in consumer-facing products, genomic analytics, or life sciences software – the focus is healthcare IT and services. The firm is looking for innovations that have demonstrated product-market fit in the form of recurring annual revenue of $1M or more. Pre-revenue companies may be considered if there is a strong fit with its investment thesis. When it comes to digital health investments, the firm often syndicates with strategic co-investors who understand the risks in the healthcare system, such as healthcare providers and payers.

The firm is looking for competent and experienced management teams with sector expertise. The firm brings in real-world experience, industry knowledge and networks, and company-building skills to its portfolio companies. The firm takes a board seat post-investment.

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

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