Hot Mandates: A Venture Fund

The Foundation has helped to organize, and is a General Partner of, the Venture Fund, a $350 million fund focused on pre-clinical, Phase I, Phase II, and Phase III investments. The Fund executed a first close by June 2018, and a second close by early 2019.

The Fund invests primarily within the United States, but have a small allocation for foreign investments.

Sector interests include drugs, medical devices, and novel approaches. The firm is also open to funding technologies designed to accelerate cancer research and drug development, such as novel drug discovery tools or algorithms. The firm finances projects from the early discovery stage through to Phase III clinical trials. The foundation considers projects in any type of cancer.

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

Hot AI Mandate: DeepTech-focused VC Invests In AI/Data-driven Technologies in Healthcare

A venture capital firm with offices in Palo Alto and California backs entrepreneurs applying deep and differentiated technology to transform giant industries. The firm focuses on seed and series A investments and has over $2B AUM. The firm usually makes seed investments in the range of $250K – $1M and venture-stage investments from $1M-$4M and may use both convertible notes or straight equity. The firm may lead or co-invest in a syndicate and looks to add unique value to entrepreneurs with a strong Equity Partner network, operational experience and technical background.

The firm invests in several verticals and is focused on deep technologies such as AI, advanced materials, quantum computing, etc. In the healthcare space, the firm is focused on the entire continuum including computational drug discovery, AI-driven diagnostics, better/faster clinical trials and technologies used by payers and providers to better understand and manage risk and drive better outcomes. The common theme is that the startup’s underlying technology be novel and data-driven. The firm is also interested in synthetic biology. The firm does not invest in biopharma or traditional medical devices/diagnostics with a standard regulatory pathway.

The firm requires that startups have some type of proof-of concept and traction, and prefers experienced/proven management teams and entrepreneurs that are introduced through the firm’s network. The firm typically seeks a board seat when leading an investment.

If you are interested in more information about this investor and other investors tracked by LSN, please email 4dmeetsai@lifesciencenation.com.

Hot AI Mandate: Canada-based Family Office Looking for Big-data or AI-related Opportunities in Healthcare

A single family office founded in 2009 and based in Toronto is now looking to expand into the healthcare sector and plans to initially invest approximately $10M into seed-stage deals in the healthcare space and may potentially reserve another pool of capital for additional healthcare investments in the future. The firm has flexibility with deal structures and may make either straight equity or convertible loan investments depending on the deal. In addition to capital, the group looks to add value to portfolio companies through marketing and sales expertise. The firm has no specific number of healthcare investments it’s looking to make.

Within healthcare, the firm is focused on the medtech, diagnostic and health IT space. The firm is particularly interested in newly created or accessible markets such as leveraging smart phones, big data/data mining and AI for healthcare purposes. The firm is highly interested in mobile diagnostic devices, diagnostics for the consumer market and portable lab devices. The firm will also look at more traditional FDA regulated medical devices and diagnostics on a secondary basis.

The firm seeks companies addressing specific markets, but has no set requirements for entrepreneurs/management teams other than a very focused team that is passionate about the tech and market being pursued. The firm typically seeks a board seat along with in an investment, but may not require one depending on the terms of the deal.

If you are interested in more information about this investor and other investors tracked by LSN, please email 4dmeetsai@lifesciencenation.com.

Hot AI Mandate: US-based VC Invests in Early-stage AI-enabled Platforms in Healthtech

Founded in 2006, a specialized healthcare and life sciences investment firm with over a half-billion dollars in capital under management will close their fourth fund in 2021. The firm invests in early-stage companies (Seed/Series A) developing innovative new medical technologies, biotechnologies, and digitally-enabled healthcare services. The firm generally invests $4-8 million of equity capital per round and up to $10-20 million over the investment life. The firm is actively investing and will make 3-5 investments in 2021.The firm invests nationally and has offices in Austin, TX, and Boston, MA.

The firm is currently looking for companies developing Medical Devices, Therapeutics, Diagnostics, and Healthcare IT products. For medical devices and therapeutics, the firm is open to the full spectrum of subsector and indication and will consider companies developing orphan indications. In HealthTech, the firm is interested in AI-enabled clinical/diagnostic/workflow platforms but will also consider other companies that fall into the broader Healthcare IT space as well, including mobile health companies developing consumer-facing apps. They will consider companies with proprietary platform technologies as well as single/multiple asset companies.

As an early-stage investor, the firm invests almost exclusively in pre-revenue companies, with significant ownership opportunities. They look for experienced management teams, help build the team, and require a seat on the company’s board.

If you are interested in more information about this investor and other investors tracked by LSN, please email 4dmeetsai@lifesciencenation.com.

Partnering at Digital RESI June

By Karen Deyo, Director of Investor Research, Israel BD, LSN

Digital Redefining Early Stage Investments (RESI), June 8-10, is fast-approaching and early bird rates end tomorrow! Sign up by Friday, May 5 to save $50 on registration to take advantage of the RESI partnering system which enables early-stage fundraising executives to connect with investors and strategic partners that are a fit for their product and stage of development.

Digital RESI stands apart from other virtual partnering conferences in many ways, including its content and resources, but most importantly, its partnering platform. The RESI partnering platform is a user-friendly system designed to take out the guesswork so investors, strategic partners, and fundraising entrepreneurs can easily find and book meetings with those that are a best fit based on sector, indication, product, development phase, and more.

The Digital RESI partnering platform opens May 17, providing registered attendees three weeks to set up their company profiles and start searching for potential partners and book meetings to optimize their time during the conference. Prior to the launch of partnering, Life Science Nation (LSN) highlights several free tutorials and webinars instructing how to use the platform efficiently, as well as tips on how to stand out when requesting meetings.

Click the date(s) below to register for the FREE Strategies for Successful Partnering workshops:

Check out more free partnering resources from LSN:

Stories for a New Age

By Rory McCann, Marketing Manager & Conference Producer, LSN

When LifeBio Founder and CEO, Beth Sanders started telling stories, she knew how influential they could be. Today, patients and healthcare providers are using LifeBio’s storytelling platform to connect, decrease loneliness, and promote better care and overall wellness.

LifeBio was a winner at the March Innovator’s Pitch Challenge at Longevity, Health & Innovation (now RESI Longevity). Registration for RESI Longevity (September 16-17) is now open at super early bird rates until July 23, and applications for the next Innovator’s Pitch Challenge are open!

Listen to our conversation with Beth on the origin and mission of LifeBio, and how stories are having a strong impact on today’s seniors and the healthcare system.

Tech Hubs Making the Difference for Entrepreneurs

By Gregory Mannix, Vice President International Business Development, General Manager Europe, LSN

It is hard to believe, but even during these challenging times, funding and deal-making in the life sciences has not slowed down, and in some sectors, has accelerated. Life Science Nation (LSN) has contributed to this momentum by providing a digital venue for the different players to connect and build relationships to move the needle.

LSN sees that Tech Hubs—incubators, accelerators, life science clusters, etc.—from around the world are making a huge difference in preparing entrepreneurs for success in their projects and have seen a fantastic opportunity to collaborate closely with these groups and their constituent companies. It’s a win-win-win. By facilitating access to resources, including the Investor Database, Redefining Early Stage Investments (RESI) conference series, Innovator’s Pitch Challenge, and industry expertise, LSN is helping entrepreneurs meet the investors and strategic partners they need to meet and save money at the same time.

LSN is currently offering two programs to accelerate Tech Hub involvement and help constituents get funded:

  1. 50% discount on any RESI conference registration for early-stage constituent companies from participating Tech Hubs
  2. Group Fundraising Package ($1,500 per company) for Tech Hubs including:
    1. 3-month access to the Investor Database
    2. Registration at RESI
    3. Participation in the Innovator’s Pitch Challenge

If your Tech Hub is looking for ways to add value to fundraising constituents, connect with the LSN business development team to see which offerings best fit your needs and the companies in your community. LSN shares the mission of global Tech Hubs in seeing promising technologies advance from the lab to the clinic, and into the hands of providers and their patients.

Want to learn more? The business development team at Life Science Nation is available to answer questions and share additional details to help you meet your partnership goals!
International & MA (USA) West Coast (USA) East Coast (USA) Midwest (USA) & Canada 
Greg Mannix
Vice President International Business Development
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Candice He
 Global Investment Strategist
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Ashley Zborowski
Director of Business Development
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Elizabeth Murphy
Manager of Business Development
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