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Hot Investor Mandate: USA Fund With Ties to China Seeks Global Early-Stage Drugs, Devices, Diagnostics, and Digital Health, with Focus in North America

17 Jun

A US fund invests in early-stage startups in many industries with a preference for healthcare and IT technology. Typical equity investment size ranges from US$0.5-2 million in Pre-A to Series A stage companies. The firm is open to either leading or following in a syndicated round. The firm expects to make 10+ deals in the next 12 months and can invest globally with a focus on the US and Canada.

The firm considers broadly across healthcare industries including innovative drugs, medical devices, diagnostics, and digital health products. The firm has an increased interest in medical devices and imaging technology. The firm prefers companies that develop disruptive technologies to solve unmet medical needs.

The firm is looking for experienced management teams. The firm can leverage its innovation center in China to assist with commercialization in the China market.

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

Hot AI Mandate: Newly Established VC Invests in AI, Digital Health & Medtech Companies

15 Jun

A newly established venture capital firm based in the USA just successfully closed the first round of their fund ($20M target). The firm invests globally in medically related early-stage companies. Initial size of investment ranges from $250 – 500K. While the firm is focused on USA-based companies, the firm is open to considering companies across the globe.

The firm invests in medtech and digital health companies. While the founder has decades of experience as an oculofacial plastic surgeon, the firm is generally opportunistic and will consider any promising technologies that address unmet medical needs. The firm has looked at AI companies, digital health/software companies implementable in medical practices, etc. In terms of stage of development, the firm is open to investing as early as pre-prototype, given that the company has properly researched the idea behind their technology.

The firm has no specific company or management team requirements and is open to acting as either a lead or co-investor.

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

Hot AI Mandate: Early-stage VC Focuses on AI & Data Related Technologies

15 Jun

An early-stage venture capital fund invests patient financial capital and expert human capital in entrepreneurs using data and engineering to create the future. The firm provides entrepreneurs access to a proprietary network of experts and startup resources to give them a competitive edge. The firm focuses primarily on seed to Series B investment opportunities and leads rounds when they believe can be especially helpful to a company. The firm often participates in multiple funding rounds throughout the lifecycle of a company, and always strives to support portfolio companies as they grow. The firm does not have a specific industry focus, but rather invests across verticals in companies using data science and advanced engineering to transform their industry. The fund has made just a few healthcare investments to date and historically has not led these rounds, but is investing in building out additional expertise in this area.

The firm invests across many different industries. The firm is highly interested in areas like robotics, artificial intelligence, and data science, with the key theme being strong underlying technology. In healthcare, the firm is most interested in the intersection of biology and advanced data science with an emphasis on complex solutions that fully leverage data and apply analytics as opposed to simply collecting or monitoring data. The fund also invests in more traditional healthcare IT applications on a secondary basis, as well as synthetic biology technologies. The firm tends to avoid technologies with complex regulatory pathways.

The firm will work with all companies and management teams and look to add value to by leveraging their deep technical expertise and extensive network, and place an emphasis on management teams with deep domain expertise in the specific field they are pursuing. The firm does not require any type of board representation on deals we do not lead.

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

Hot AI Mandate: CA-based VC Invests in Data-driven Healthcare/Biotech Companies Leveraging Big Data & AI/ML

15 Jun

Founded 2013, a venture capital firm is headquartered in San Francisco. The firm is investing from its most recent fund, which closed in early 2020 at $50 M. The firm invests in pre-seed through Series A rounds in exchange for equity. Typical allocations average in the $500k to $1.5M range. The main areas of interest for the firm are data-driven healthcare/biotech, enterprise software, and deep tech. The firm tends to focus on companies headquartered in North America.

The firm invests in software and hardware with proprietary algorithmic and design principles. For example, big data, AI/ML, robotics, and autonomous vehicles are of interest. Within data-driven health/biotech, the firm focuses on core technology innovations in computational health, synthetic biology, and digital health. Their portfolio includes companies involved in deep learning for medical imaging, genomics platforms and tools, in silico therapeutics discovery, large scale custom DNA synthesis, and a digital health platform consisting of software and integrated wearable hardware.

The firm seeks to work with management teams that have prior entrepreneurial experience or domain-specific technical or medical experience in the market they are targeting. They typically have regular check-ins with portfolio companies and can take on board seats.

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

Hot Mandates: West-Coast Based Family Office

15 Jun

Founded in 2017, the firm is a family office located on the West Coast and registered in the Cayman Islands. Managing $25M Angel fund, the firm invests in angel and seed stage, and its typical allocation size is between $100,000 to $250,000. The firm invests in companies based in the United States, especially in the Silicon Valley area, and normally invests four to five companies every year.

The firm is interested in diagnostics and medical devices in general, especially cancer diagnostics. Regarding therapeutics, it is open to the data platforms for therapeutics and Orphan diseases.

The firm has no specific company or management team requirements.

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

Hot Mandates: Sub-Fund of Asia-Based Investor

15 Jun

The fund was founded in 2019 and based on the West Coast. The firm is a sub-fund of a larger platform based in Asia, and it is managing a $10M fund dedicated to healthcare investments. The fund prefers to invest early, typically from pre-seed to series A/B. Initial investments can range from $50K to $0.5M and the firm will reserve for follow-on rounds. The fund prefers to co-invest and are looking for companies based in the US.

The fund primarily focuses on in medical devices and digital health. Examples of interested areas include digital therapeutics and remote patient monitoring. The firm is willing to consider technologies at an early stage of development as long as they have some proof of concept. The firm is interested in indications such as cardiovascular disorders, ophthalmology, dental and orthopedic.

The fund prefers management teams with strong industry ties and like to see founders in management team positions. The firm does not usually take a board seat.

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

Hot Mandates: Midwest-Based Single Family Office

15 Jun

The firm is a single family office based in the Midwest. The firm actively invests in pre-seed and seed-stage companies, and occasionally invests in Series A rounds as well. The firm is open to global companies, including those in emerging countries.

The firm is most interested in therapeutics opportunities and in terms of indication, the firm is most interested in oncology and CNS. The firm is open to various modalities but has mostly looked at small molecule and some peptide drugs. In addition, the firm is also interested in repurposed assets that have initially been shelved by big pharma. In terms of stage of development, the firm will look at pre-clinical and early clinical opportunities. The firm is also interested in diagnostics and some digital health. Their interests in healthtech include technologies that help health systems reduce costs, B2C products in mental health (especially pediatric) and chronic disease, and more.

The firm does not have specific company or management team requirements. The firm prefers to co-invest alongside likeminded investors.

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