Hot Life Science Investor Mandate 1: Corporate VC Arm of Data Firm Seeking Healthcare IT Opportunities

The corporate venture capital arm of a United Kingdom based media and information firm is looking to make allocations into Healthcare IT. The firm focuses on information technology and media companies based in the US, Europe, and Israel. The firm can allocate up to US$10M per company, preferably in the range of $3-5M. The firm will invest at any stage of a company’s development, from early/seed stage to growth capital. The firm is actively seeking new investment opportunities.

The firm seeks to invest across the Healthcare IT sector. The firm looks for any type of company that provides data and software to healthcare and life science companies including genomics and proteomics. Historically in the life sciences, the firm invested in a bioinformatics company that provides informatics to improve speed and productivity of drug delivery.

The firm may take a board or an observer seat depending on the amount of investment. For commercial stage companies, the firm looks for companies to have a revenue run rate of $1M plus.

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

Hot Life Science Investor Mandate 2: European Venture Philanthropy Firm Seeking Clinical Stage Therapeutics

An evergreen life science venture fund located in Europe established 2009 and wholly owned by a Philanthropic Foundation is seeking new investments. The fund’s evergreen structure allows flexibility in the investment approach and the possibility, when appropriate, to take a long-term perspective in the investments. The fund has an annual investment capacity of approximately €50m. Investments are typically above €10-35m, and the firm prefers to take above 10% ownership. The fund invests primarily in Europe and in the USA/Canada.

The fund invests exclusively in life sciences, focusing on pharmaceuticals and medtech. For therapeutics, the firm typically prefers to invest at phase I/II but has also made investments at earlier phases of development. The fund will consider investing in medtech companies at the commercialization stage. The firm is open to opportunities in all therapeutic areas and indications.

The fund is oriented towards opportunities in the US and Europe and will take the role of lead investor in Europe. In US/Canada the firm prefers to syndicate with well-established VC investors specialized in life sciences. The fund expects to be actively in communication with management and represented on the supervisory board of portfolio companies.

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

Hot Life Science Investor Mandate 3: Venture Capital Fund Seeking Early Stage Orphan Opportunities

​A Venture Capital fund formed by a partnership between a European pharmaceutical company and US based venture capital firm is currently looking to make seed and venture stage investments into life science companies ranging anywhere from $200K to $5 million initially and up to $8 million over the life of the investment. The fund is actively seeking investment opportunities throughout the United States and Europe and could make as many as 2-4 new investments over the next year.

​The fund is focused on rare and orphan diseases that affect less than 200,000 people throughout the United States. Within this area the fund is open to therapeutics and diagnostics across a number of technology types including, antibodies, small molecules, stem cells, cell therapy, gene therapy, vaccines, molecular diagnostics, and genomics among others. The fund is interested in companies anywhere from pre-clinical through phase III of clinical trials and has no preference for platform or single asset companies. The fund is not interested in biosimilars or generics.

​The fund is looking for privately held companies with experienced management teams. The fund looks to act as a hands on investor and seeks board representation following investment.

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

Major Corporate Venture Funds Discuss Early Stage Investing

By Nono Hu, Senior Manager, Branding & Messaging, LSN

Nono 2At the third Redefining Early Stage Investments (RESI) Conference, LSN brought together experts from six major corporate venture funds that are involved in the early stage life science arena. The speakers shared examples of their recent investments and detailed their investment interests. The panelists also answered a variety of questions, including: What is your take on the resurgence of early stage pharmaceutical investment? How should I approach a corporate VC investor? Do corporate venture funds outperform VC firms, large pharmas, and other sources of investment? What is your advice for scientist-entrepreneurs?

Click on the video link below to hear the views of major players in the life science industry

Moderator: Vikas Goyal, Senior Associate, SR One

Panelists:

How to Identify Life Science Investors

By Michael Quigley, Director of Research, LSN

mike-2The research team at Life Science Nation is constantly identifying, interviewing, and profiling investors in the life science space. From Boston to Hong Kong, we leave no stone unturned in our efforts to uncover a variety of investors. This article shares some sources and tactics that we use to initially identify life science investors across the globe.

Investment Conferences

A great way to begin a search is by scouring the lists of attendees and speakers for various life science investment conferences. Investors who recently attended these types of events tend to be actively seeking new opportunities and therefore are ideal prospects for your campaign. With life science investment and partnering conferences taking place year-round and worldwide, there are a lot of potential investors to be uncovered.

Historic Financing Rounds

After pulling names from conference lists for the past year or two, look through private life science financing rounds for lead investors and co-investors. This can also yield a significant number of prospects. At LSN, we use our proprietary financing-rounds database for this purpose. However, databases and reporting sites that focus on more general financing rounds can be used for this as well. Such sources also grant you some visibility into the size and types of funding rounds an investor has participated in, helping you to determine if a particular investor may be a good fit for your company.

Company Websites

Other great and often overlooked sources of investor leads are the websites of early stage life science companies. Many companies list their investors on their website or have one or more investors on the company’s board. By reading the biographies, you can see which investment firm an investor is associated with.

LinkedIn

Finally, LinkedIn, when used correctly, can be a great source for uncovering investor leads. By taking advantage of its filtering capabilities, you can search for individuals by industry, location, and keywords. Although you may not be able to find investors for specific technology types or development stages, LinkedIn is a good place to start. It has helped our research team connect with some investors who we wouldn’t have found otherwise.

 

To do all of these things—and to do them well—is a serious time commitment and is only the tip of the iceberg. When you have your investors identified, you should take steps to validate them to determine who would be a fit not only for a life science company but also for your specific technology and stage. Without proper validation, you will waste countless hours calling and emailing investors who have no real interest in your opportunity.

Next week, we share our insights and tactics for validating potential investors. Stay tuned.

 

Life Science Investors Look to Asia for Innovation

By Lucy Parkinson, Senior Research Manager, LSN

lucy 10*10At LSN, we track both life science companies and life science investors located all over the world. We frequently stress that if you’re seeking capital in the life science field, you will have more success if you reach out beyond your own backyard and market your opportunity to global investors. Nowhere is this more apparent than in Asia, where a history of concentrated R&D funding has resulted in the flowering of new biotech start-ups in the region.

The LSN Company Platform tracks thousands of life science companies across Asia. As shown in Exhibit 1, some of these are contract research organizations, suppliers, and other outsourcing partners, but many are companies developing innovative biotechnology or medical technology products.

Exhibit 1
Exhibit 1

As in the rest of the world, government investment in R&D has resulted in a great diversity of new discoveries. A deeper dive into the data reveals the breadth of technologies that these innovators are pursuing. As shown in Exhibit 2, many therapeutic start-ups in Asia are developing novel biologics.

Exhibit 2
Exhibit 2

Exhibit 3 shows the medtech sphere, where diagnostic devices, imaging, and hospital hardware predominate.

Exhibit 3
Exhibit 3

So which investors are interested in investing in Asia-based companies? As shown in Exhibit 4, the LSN Investor Platform has hundreds of investors who are looking at opportunities in Asia. Some of these investors have a specific Asia strategy; others are truly global investors who would consider a good opportunity no matter where a company is based.

Exhibit 4
Exhibit 4

While institutional private equity funds predominate, investors of every kind show an interest in life science opportunities in Asia, in keeping with what LSN has learned from working with start-ups in the US and Europe. Whether seeking to increase their ROI or to move science forward, investors are willing to look far afield for the right place to allocate, and start-ups are discovering that it’s best not to limit their horizons when seeking capital.

Hot Life Science Investor Mandate 1: Family Office Fund Seeking Early Stage Medical Devices

A family office/venture capital firm based in New York firm manages an evergreen fund that seeks to make seed, venture, and growth equity investments in early to mid-stage medical device companies, but will also consider secured debt to help revenue generating companies with short term cash flow issues. The firm will also consider pre-seed investments. The firm can allocate anywhere from $1M to $10M per company, but generally allocates around $8M. The firm typically does 3 rounds of financing with an initial investment of around $3M. The firm is geographically agnostic, but highly prefers to invest in companies that are based in the US. The firm seeks to make about 3-4 allocations in the next 6-9 months.

The firm is currently looking for medical device companies with a strong emphasis on products with a 510(k) regulatory pathway. In terms of subsectors, the firm is looking for products specifically in the areas of interventional radiology and cardiology, spine/orthopedics and minimally invasive surgery. The firm is generally opportunistic in terms of indication.

The firm is looking to invest in companies with a management team with a track record of success in the healthcare industry. However, the firm is generally flexible and does not require a full management team. The firm can assemble the management team over the course of the investment.

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