Hot Investor Mandate: Paris-Based VC Firm Invests in Various Life Science Sectors, Focusing on Companies Located in France & Western Europe

28 Aug

A VC firm based in Paris invests primarily in seed/series A with significant follow-on capability.

The firm is now investing with two funds; the first fund is dedicated to investing in companies based in the Paris region across various sectors (digital, deeptech, life science), while the second fund is dedicated to investing in Digital Health companies in Western Europe. The firm generally invests between 0.3-1.5M EUR in the initial investment, and can invest up to 2-5M EUR overall in a company, and will invest in up to 10 companies a year.

The firm invests differently from their two current funds :

– The first fund is sector agnostic, and will invest in Life Science (therapeutics, diagnostics, devices and digital health companies) in the Paris region.
– The second fund covering Western Europe is focused primarily on digital health, due to the strategic interest of the fund investors in this area (several healthcare companies)

The firm can lead or co-invest, and do frequently lead. They will take a board seat in any case – the firm is an active investor providing hands-on support to its portfolio company (Strategy, HR, Financing, …).

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

Hot Investor Mandate: USA Investment Firm Seeks Global Opportunities in Medical Devices, Diagnostics, and Digital Health, Investing Up to $10M

28 Aug

A venture capital firm founded in 2020 and based in USA is seeking opportunities in the medical devices, diagnostics, and digital health sectors of life sciences. The firm is looking to engage in Series A to Series B financing rounds with check sizes between 5 – 10 million USD. The firm prefers to lead the financing rounds but is open to co-investing. The firm will consider opportunities globally.

The firm is interested in early-stage opportunities in medical devices, diagnostics, and digital health sectors but does not invest in therapeutics. The firm is overall opportunistic and will consider various subsectors and indications. For digital health, the firm prefers b-to-b over b-to-c products. The firm will invest in all early-stage companies including pre and post commercial enterprises.

The firm seeks to work with management teams that have prior entrepreneurial experience. The firm prefers to lead financing rounds and will most likely take a board seat when leading. The firm considers themselves an active investor and will work closely with companies.

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

NIH at Digital RESI September

27 Aug

By Gregory Mannix, Chief Conference Officer, Vice President International Business Development, LSN

The Small Business Education and Entrepreneurial Development (SEED) Group at the National Institutes of Health (NIH) is leading a panel at RESI September on the product development pipeline. SEED is advancing the cause of scientific innovation in healthcare through collaborating with the buyers and sellers in life science to enhance relationships, products, and technology. Fundraising CEOs, strategic partners, and investors can take advantage of the opportunity to learn from the SEED team. Read below to learn more about the panel and click here to register for Digital RESI September.

NIH is SEEDing the Product Development Pipeline 

Small Business Education and Entrepreneurial Development (SEED) Group, Changing the Game for Life Science Innovators

SEED supports the NIH innovator community in their efforts to validate the potential health impacts of promising scientific discoveries and advance them into healthcare products that improve patient care and enhance health. Developing products across the biomedical spectrum requires NIH’s collaboration with universities and research institutions, small businesses, trade associations and societies, angel investors, venture capitalists, and strategic partners. SEED leads initiatives that develop these relationships and build opportunities for NIH innovators to further their product development efforts.

Matthew McMahon, PhD, Director, SEED, NIH

Matt leads the SEED Office to accelerate NIH-funded biomedical innovations from bench to bedside. SEED supports a comprehensive translational research ecosystem that includes a national network of academic proof-of-concept centers and a small business program that invests over $1 billion annually in a portfolio of more than 1500 life science companies. SEED also provides technical and entrepreneurial advisory services and builds relationships with business, finance, and healthcare stakeholders to ensure these innovations will impact patients’ lives. Matt has a diverse background in academia, biomedical small business, congressional policy, and NIH program development and management. His previous experience also includes service as the principal scientist for the bionic eye company Second Sight Medical Products and as a staff member on both the United States Senate and House of Representatives committees responsible for science, technology, and innovation policy.

Stephanie Fertig, MBA, HHS Small Business Program Lead, NIH

Ms. Stephanie J. Fertig is the HHS Small Business Program Lead in SEED (Small business Education and Entrepreneurial Development) at the National Institutes of Health (NIH). She currently oversees the Health and Human Services (HHS) Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, which includes the NIH SBIR and STTR programs. The HHS SBIR and STTR programs are congressionally mandated set-aside programs that provide over $1.2 billion dollars per year to small business concerns. Prior to joining SEED, she managed the SBIR and STTR Programs at the National Institute of Neurological Disorders and Stroke (NINDS). During her over 15 years at NIH she has led the development and implementation of multiple programs focused on small businesses and translational research. Ms. Fertig has a Bachelor of Science degree in Chemistry with a major in Physics from the University of Virginia and a Master of Business Administration from the University of Maryland’s Robert H. Smith School of Business.

Chris Sasiela, PhD, Team Lead, Innovator Support, SEED

Dr. Sasiela has over a decade of experience providing support and consultation to academic innovators and small businesses engaged in therapeutic, device, and diagnostic development programs. As the Innovator Support Team Lead in SEED (Small business Education and Entrepreneurial Development) in the Office of Extramural Research at the National Institutes of Health, Chris coordinates the activities of a team of seasoned professionals with experience in product and business strategy, business development, fundraising, partnerships, reimbursement, and regulatory affairs. Chris is passionate about enabling NIH’s innovator community to progress their discoveries as far as science and human biology permit. Starting her career as a researcher, Chris worked in basic research at the University of Southern California and the University of Maryland, and in drug discovery, development, and improvement groups at Baxter, the Department of the Army, and the National Cancer Institute. Chris transitioned from a research to a regulatory career path via an Interagency Oncology Taskforce Fellowship at the US Food and Drug Administration. Continuing her regulatory career path at Social & Scientific Systems, the National Institute of Allergy and Infectious Diseases, and the National Heart, Lung, and Blood Institute, Chris deepened her experience working with product development researchers understand, develop, and execute regulatory plans to get their innovative technologies from ideas to first-in-human and beyond. She regularly conducts project-focused consultations, delivers educational seminars, and develops regulatory resources for internal and external audiences. Dr. Sasiela earned a bachelor’s degree in chemistry from Whittier College, a Ph.D. in Pharmaceutical Sciences from the University of Maryland, School of Pharmacy, and has maintained Regulatory Affairs Certification status from the Regulatory Affairs Professional Society since 2011.

John Sullivan, MBA, Entrepreneur-in-Residence, SEED

John Sullivan has been a leader in healthcare technology innovation throughout his career, with extensive experience in operating, investing in, developing and acquiring market-leading businesses. Prior to the NIH, John worked with healthcare leaders such as Cardinal Health (VP, Strategy and Business Development) and Boston Scientific. He was a Partner with Foundation Medical Partners, a national healthcare venture capital firm with financial backing from the Cleveland Clinic. He also helped to start Molecular Staging Inc., a biotechnology tools company spun out of Yale University School of Medicine. Working with Yale University founders, he helped grow the company to over 100 employees, develop its product and service lines, and ultimately sell the company to Qiagen, a global life sciences company. He has served on the boards of directors of Semprus Biosciences (acquired, Teleflex), Coapt Systems (acquired, MicroAire), KEW Group, and Direct Flow Medical and held board observer roles at BridgePoint Medical (acquired, Boston Scientific) and Explorys (acquired, IBM). John earned a BS in Industrial Engineering degree with distinction from Stanford University and an MBA from the Stanford University Graduate School of Business.

4D Meets AI’s Angel & Family Office Panel

27 Aug

By Dennis Ford, Founder & CEO, Life Science Nation; Creator of RESI Conference Series

It’s important that fundraising CEOs understand the different types of investors, what differentiates them, and which are the best fits for their products and stage of development. This is why 4D Meets AI is featuring an investor panel on Angels and Family Offices. Many angels and family office groups invest in early-stage life science and healthcare because of the strong impact this capital has on the global market, as well often having a personal connection or mission towards helping in this space. Understanding these groups will give fundraising CEOs a clearer direction when considering strategic partnerships to pursue. Read below to learn more about this panel and click here to register for 4D Meets AI.

Moderator: Dennis Ford, Founder & CEO, Life Science Nation (LSN)

Dennis Ford is an entrepreneur, author, and frontier technologist with deep expertise in sales, marketing, and business development. He has spent most of his career involved in launching new technology-based companies. He has wide-ranging experience in hardware and software computing, middleware, data storage, networking, SaaS, data mining, data profiling, expert systems, and scaling/funding companies. Most recently, Dennis has spent the last 7 years in the early-stage life science arena creating an ecosystem to streamline fundraising for next-generation drugs, devices, diagnostics, and digital health products. Over the last 15 years, he has worked extensively with creating an active network of global investors ranging from Family Offices, Private Equity, Venture Capital, Foundations, and Endowments to large Corporate and Pharmaceutical firms interested in high-growth early-stage technologies. His expertise encompasses using database subscription services to create business solutions and using the Internet to create an interactive dialog between buyers and sellers. He is a big proponent of using data profiling and matching technology to efficiently find that all-important business fit in the marketing and selling process. Currently, Life Science Nation has the most comprehensive life science investor database in the world. Dennis has also pioneered a unique global partnering event model that matches buyers and sellers based on their specifically stated needs and declared partnering mandate initiatives garnered from one-on-one interviews and curating buyer/seller databases in a selected industry. Ford is the author of The Peddler’s Prerogative and The Fund Manager’s Marketing Manifesto, two well-received sales and marketing books. His latest book is The Life Science Executive’s Fundraising Manifesto which he turned into a two-week immersion class for scientist-entrepreneurs and fundraising CEOs which is now offered to international government agencies to move their funded startups into the global funding arena.

Richard Anders, JD, Founder & Executive Director, Mass Medical Angels

Richard Anders is an investor and long-time entrepreneur. He founded the legal software publishing company Jurisoft, which he sold to Lexis/Nexis, published newspapers including Boston Digital Industry and New York Digital Industry and currently serves as managing director of Rubin/Anders Scientific, which places scientists as consultants in patent projects. He has invested in approximately two dozen early-stage startups.

Anders is an overseer at the Museum of Science in Boston where he served as a trustee for nearly 20 years. At the museum he was most recently a member of the food committee, exploring science education around the issues of food and its preparation. He is a trustee of the Forsyth Institute and an overseer at the Brigham & Women’s Hospital and the Gardner Museum. Anders founded and currently runs MA Medical Angels (MA2), one of the country’s leading angel groups focused exclusively on life sciences. He has founded the angel group Launchpad, the nationally renowned Science on Screen event at the Coolidge Corner Cinema and was a founding trustee of the Massachusetts Interactive Media Council. He served for many years as a member of the Dana Farber Cancer Center Institutional Review Board. He has been a board member or board observer at multiple life science startups. Anders teaches medical device entrepreneurship at the Harvard/MIT HST program. He is a graduate Summa Cum Laude in Mathematics from Harvard and holds a J.D. from Harvard Law School.

Ruchi Dana, MD, Board Member, DANA Group of Companies

Dr. Ruchi Dana is a qualified medical practitioner, who has transitioned successfully into a seasoned entrepreneur and Business Leader. Ruchi did her MD from AMU and her full-time MBA from Stanford University. Ruchi also received her PMP Certificate in Public Management and Social Innovation from Stanford University. Ruchi is a frequent speaker at various industry conferences and sits on multiple Corporate, startup, non-profits and University boards including Dana Group of Companies, Dubai, Duluth Medical Technologies Inc, USA, NGO Aaroogya Foundation, India and the California State University, Chico Cybersecurity Advisory Board. Ruchi has been recognized by Forbes Middle East as the “Next Generation Business Leader, Arab World” for 3 consecutive years 2017, 2018 and 2019. She has also been recognized by Campden Wealth as the “Women to Watch” in September’18 issue, and was conferred with the Yuva Ratna Award, 2018. Ruchi has also been recognized as “Top 75 Family Business Leaders” 2019 by Campden Research (UK). Recently, Dr Ruchi was featured on the Forbes ME Top Power Businesswomen 2020. Since joining Dana Group, Ruchi has been instrumental in starting the Value-added Steel manufacturing division in 2008, Lubricants and Grease manufacturing division and also Retail, Hospital and Real Estate divisions for Dana Group in 2014. Dr. Ruchi is actively involved in strategic planning for Dana Group and manages the family office investments. Ruchi has also worked with Golden Seeds, an investment firm in New York and New Silk Route Growth Capital, a PE firm in Dubai, she has mainly focused on healthcare related investments at both these firms.

Michael Langer, Founding Partner, Old Silver VC

Michael is Head of Search, Evaluation and In-licensing for all new technology and products at Pear Therapeutics. Michael also runs point on telemedicine and virtual care transactions, as well as competitive intelligence at Pear. In addition, he works closely with the Pear fundraising team to build and maintain relationships with prospective investors primarily on the international front. Michael is an investor, advisor and mentor to startups. Michael is the founding partner at a fund through his family called Old Silver VC, where he invests in Healthcare (Biotech and DigitalHealth) and Deep Tech with a focus on materials startups. He also invests directly into Seed and/or Healthcare/Biotech focused venture capital funds as a Limited Partner. He is a mentor and Judge at MassChallenge Healthtech and a mentor at MassConnectDH. Michael is an active philanthropist. He co-founded the Young Coder’s Society which teaches children how to code using Raspberry Pi. He is a World Economic Forum Global Shaper, serves on The Discoverers Committee at the Museum of Science, the Visionaries Circle at The Possible Project and is the Senior Advisor of Special Projects at the Galenus Foundation. Prior to Pear and Old Silver VC, Michael spent time at several startups/venture capital funds including: Akili Interactive Labs, Udacity, Modern Meadow, Polaris Partners, The Harvard Experiment Fund and Boston Seed Capital. Michael has a BA from Lehigh University in Science, Technology and Society with a Double Minor in Entrepreneurship and Sustainable Development.

Wei Tao, PhD, Member, Life Science Angels

Wei Tao, PhD, is a Silicon Valley based investor passionate about venture investment. Dr Tao focuses on early stage life science and healthcare companies with explosive growth potential, commercializing disruptive technology to address critical unmet needs and improve societal well-being. Dr. Tao is a sought-after value-add investor and adviser. He built extensive connections with the entrepreneurial community in Silicon Valley and beyond. Dr. Tao is an adviser to a number of entrepreneurship initiatives at leading institutions such as Stanford University, UC Berkeley and UCSF. As a result he enjoys unparalleled access to proprietary deal flow, screening hundreds of promising deals every year. He is an active member of Life Science Angels, the premier life science focused investment group. He served on the board of LSA and several venture-backed companies.

Digital RESI September Panel Highlight – Oncology Innovation

27 Aug

By Joey Wong, Investor Research Analyst, LSN

Oncology research is a massive industry within healthcare, and the interest in innovation is only growing. One may worry that entrepreneurs are challenged to stand out and differentiate themselves in this space, however, funding cancer therapeutics remains one of the most attractive economic and philanthropic opportunities available in healthcare, and there are many firms that strongly or even solely focus on oncology.

The Oncology Innovation panel at the upcoming Digital RESI September Conference will feature 5 speakers actively seeking investment opportunities in this space. Panelists will discuss the latest in industry-wide changes, as well as the opportunities and challenges that both investors and companies are facing as they search for success in this rapidly advancing field.

The live panel session will happen on Thursday, September 10, 12:00 – 12:50 pm ET. For those who are unable to attend, the panel video will be available afterwards on the RESI September digital agenda. Check out our panelists below and click here to register for Digital RESI September.

This panel is moderated by Steve Yoder, Vice President, Business Development, Taiho Oncology

Dr. Yoder is an accomplished business development professional who has participated in many significant transactions; bringing more than 25 years of industry experience in business development, strategic planning and new product development, including in the areas of oncology and hematology, on top of his clinical experience.

Dr. Yoder joins Taiho Oncology from Bristol Myers Squibb, where he most recently served as head of the company’s Hematology and Cell Therapy Search & Evaluation team in Business Development. Prior to Bristol Myers Squibb, Dr. Yoder was Head of Search & Evaluation at Celgene Business Development, and held positions in business development, strategic planning, marketing and new product development while previously working at Bristol Myers Squibb and Pfizer. Dr. Yoder has worked as a consultant in life sciences at Easton Associates and Arthur D. Little and currently serves on the Board of Directors of Life Sciences Pennsylvania.

Anthony Bajoras, Managing Director, Cancer Fund

Anthony Bajoras is the Founder and Manager Director of the Cancer Impact Fund. He also serves as a BioAccel Board Member, manager of their for-profit BioAccelerator investment fund, and is a limited partner in the Arizona Founders Fund.

 

Barbara Lavery, Chief Program Officer, Alliance for Cancer Gene Therapy

Named for the 1965 hit song by the Beach Boys, Barbara Ann Lavery has a passion for creativity. Whether she’s transforming the landscapes of Ireland, Iceland, and California into large-scale abstract paintings or finding and funding life-changing opportunities to cure cancer, Lavery is guided by an inspired sense of appreciation for innovation.

“Cell and gene therapies embrace an entirely new paradigm,” says Lavery whose years of experiences with non-profit and for-profit organizations, government agencies, and academic institutions helped build her framework of knowledge in life sciences. “Since its inception, ACGT has led the way in recognizing and advancing revolutionary new ideas that really matter.”

As Chief Program Officer, Lavery is responsible for many ACGT initiatives, including leadership of the Academic Research Program and the Biotechnology Investment Program. “This is my dream job,” says Lavery. “It combines science and research with business development and venture philanthropy in a forward-thinking, non-profit environment that’s dedicated to brilliant people who are finding creative new solutions to some of cancer’s toughest challenges. I love it!”

Mark Krul, Partner, Aglaia Oncology Funds

Mark has been involved in anticancer drug development since 1993 and has a background in molecular biology and immunology. Before founding Aglaia in 2003 he was Program Director of the NDDO Research Foundation. He held several positions with NDDO Oncology BV (formerly the EORTC New Drug Development Office) with respect to oncology drug development strategies (1997-2002). From 1993 until 1997 Mark was Research Manager of the European Cancer Center and headed the Department of Molecular Virology at the National Institute of Public Health and Environmental Protection from 1989 until 1993.

Duncan Young, Director, Search and Evaluation Oncology, BD&L, AstraZeneca

Duncan is a Experienced Business Development professional passionate about early innovation and technology, with keen interest new models of collaborative working and open innovation between academia, the charity sector and industry, and supporting and mentoring life science entrepreneurs.

Specialities: Open Innovation, Drug Discovery, Mentoring, Medical Technologies, Technology Transfer, IP Management, Technical Due Diligence and Evaluation, Networking, Agreement Negotiation, Consortia Drafting, Strategy.

Hot Investor Mandate: VC Arm of Large Corporation Strongly Interested in New Investments in Therapeutics & Diagnostics in Oncology, CNS, Rare Diseases, Etc.

27 Aug

A life science venture capital arm of a large corporation is interested in therapeutic, medical device, diagnostic, and digital health technologies. The firm usually participates in Seed to series C financing rounds with check sizes between $500K – 2M USD. The firm is open to both leading and co-investing and is aiming to make 15 investments in the next 12 months. The firm is open to global opportunities.

The firm is open to considering innovative technologies that address unmet medical needs in therapeutics, diagnostics, medical devices, and digital health. The firm’s greatest interest lies in the biotech and diagnostic sector in which the firm have the strongest expertise. For medical devices and diagnostics, the firm is open to any subsectors but is most interested in AI-based diagnostics and innovative genomics applications. The firm is open to any indication area including oncology, CNS diseases and rare diseases.

The firm seeks to work with companies with a sound business model and great execution, but will mainly focus on the merit of technologies and the team when working with very early-stage companies. The firm considers itself to be an active investor and will take a board seat depending on the cases.

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

Hot Investor Mandate: Large USA Fund Invests in Early-Stage Medical Devices, Diagnostics, Digital Health in North America

27 Aug

A USA-based fund invests in both external venture capital funds, and also has a fund of $150 million from which to make direct investments in early stage companies. The firm focuses on investing in startups with some connection to universities near the fund but also makes some investments into outside startups.  Initial investments are typically made at an early stage, and most are from $250,000-1 million; the firm also makes follow-on investments. The firm invests primarily in the US and also considers opportunities in Canada.

The firm invests in a wide variety of technology sectors; in the life sciences, the fund is focused on diagnostics, medical devices, and innovative areas of digital health.  The firm is opportunistic and will consider life science innovations broadly; areas of high interest include cancer care, AI, machine learning, clinical decision support systems, and imaging.  The firm will consider investing at a very early stage of development.

The firm focuses on startups with a connection to local universities, and the organization has an additional innovation capital program for developing innovative technology in the US Midwest, including resources for incubating and accelerating new life science startups.  However, the firm also invests in startups that have no prior connection to such universities.

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