Initiate Ventures’ Post

As I wrote earlier, Venture Builder is an attractive new tool for early-stage investment in deeptech startups. Investments in the Venture Company Initiate, which specializes in healthcare, attracted $45 million, a vivid example. If you are considering investing in healthcare startups and would like to learn more about investing in Venture Builder, please email me.

VCLink's Daily Round Report (Part 1) 1. Jiangsu Hengrui Pharmaceuticals Co. is capitalizing on the NewCo arrangement, partnering with American venture capitalists to launch new US-based startups, including Kailera Therapeutics, which raised $400 million. Helen Chen and Roderick Wong provide insights on this growing trend of China biotech companies working with US investors to create innovative therapies. https://lnkd.in/eybAkk_N 2. Prateek Maheshwari and Alakh Pandey's PW (PhysicsWallah), an edtech unicorn, has raised $210 million in its latest funding round led by Hornbill Capital. The company is preparing for an IPO next year, potentially becoming India’s first publicly listed edtech firm. https://lnkd.in/evweDgcM 3. ASAAS, a Brazilian fintech company, has secured $148M in its Series C round, led by BOND with participation from SoftBank Group Corp. and others. https://lnkd.in/eWpschTa 4. Rami Karabibar's EvenUp, a legal document AI startup, has raised $135 million in its Series D round led by Bain Capital Ventures, reaching a $1 billion valuation. https://lnkd.in/efTe8J9r 5. Markus Fuhrmann's GROPYUS, a construction technology company, has raised €100 million ($106 million) in a new equity investment round led by Semapa and Practical Venture Capital. The startup aims to use robots to help rebuild Ukraine’s homes and scale its operations in Germany by expanding factory production capacity by 2024. https://lnkd.in/eVShANw4 6. Dave Clark's Auger, a supply chain insights provider, has raised $100 million to develop AI-powered tools for real-time supply chain management. The round was led by Oak HC/FT. https://lnkd.in/e9MwfpDH 7. Elad Kedar's Orasis Pharmaceuticals, a vision care company, has raised $78 million in its Series D financing led by Arboretum Ventures and Johnson & Johnson Innovation – JJDC, Inc., to launch Qlosi™, a corrective eye drop for presbyopia in adults. Visionary Ventures, Bluestem Capital Partners, and others also participated in the round. https://lnkd.in/eWnyGHfg

Fascinating to see biotech (and health care!) startups securing the majority of US Series A funding, as highlighted in this Crunchbase article! This trend is especially interesting given the recent dramatic shift in venture capital. Biotech is clearly blossoming, and the future looks promising. We'll delve deeper into this at Atlantic BIOCON next week, where I'm moderating a panel on "Raising Capital in a Challenging Market." Hope to see you there! #biotech #venturecapital #startups #funding #BIOCON2024

Are you the next medtech startup to join the #mHUBAccelerator? 🚀 Apply to mHUB's next MedTech Accelerator, supported by industry partners Baxter International Inc., Endeavor Health and GE HealthCare. The program will select up to 10 startups for a 6-month commercialization journey starting in Chicago this Fall. mHUB has invested in 46 companies to-date. 39% of them have underrepresented founders, which greatly outpaces the national average of 18.4% of pre-seed and 13.7% of seed investments going to underrepresented founders. Don’t miss your opportunity to address demanding healthcare challenges and unlock #funding for your medical device solutions. 🗓️ Applications close September 12th. Get program details and apply here: https://hubs.la/Q02JBDVR0 #MedTech #mHUBinnovation #startups #medicaldevices #medtechstartups #founders #entrepreneurs #innovators #Healthcare #StartupAccelerator #Innovation #startupfunding #startupresources #productdevelopment #venturecapital

At PharmStars Graduate School, we heard what investors really want from digital health startups in a panel discussion on 🌟 Investing in Digital Health: What Startups Should Know Now 🌟. This was another example of a PharmStars program for its alumni community to provide ongoing learning and dialogue with experts. Thank you to the rock star 🌟panelists who generously shared their experiences, suggestions, and insights.  🌟  Lise Courtney D'Amico, MBA - Investor, LRVHealth Health 🌟  Cris De Luca - Partner, Sanofi Ventures 🌟  Bill Geary - Cofounder and Partner, Flare Capital Partners 🌟  Julia McDowell - Venture Partner, F-Prime Capital What DO startups need to focus on? Team - The people must be capable of growing and leading the company Traction - Progress in solving an important market problem  Treasure - A value proposition that resonates PharmStars selects startups for its accelerator program with stellar teams, displayed traction, and with a strong value proposition for pharma. Follow PharmStars or visit us at www.pharmstars.com to learn how your startup can participate. #PharmStarsAlumni #DigitalHealth #StartUps #Accelerator #Innovation #CompanyUpdates #PharmaFocus #VentureCapital #DigitalInnovation #Startup #HIT #MedTech #HealthTech #HealthIT #ValueProposition #Pitch #Investors

Having seen the quality of the 2023 cohort I can’t wait to work with the 2024 cohort as a mentor for LuminaX HealthTech Accelerator from LX Health !!! This is why I created Dreamoro Group, a Venture Capital Fund (ESCVLP) and Studio that works with HealthTech founders to help bring their dreams to life to create a better tomorrow and this accelerator is a place some of the best get birthed or matured for their next phase of growth! LX Health is a leading Australian accelerator that provides comprehensive support to ten healthtech startups, including the investment, networks, and resources required to build globally successful companies. There is only 7 days left to apply for the program! Applications Close 👉11 March at 5:00pm AEST If you're a Aussie startup using technology to solve a problem in health + need support = then be sure to apply. Apply Here 🌊 https://lnkd.in/gDGKUcm4 #HealthTech #AustraliaHealth #HealthAccelerator #LXHealth #Health #Startups

This past week in venture has been monumental for high flyers in the startup world! Wonder clinches the top spot with a massive $700M investment for its food delivery innovation, aiming to add 100 more locations. Also in the limelight, Mirador Therapeutics bursts onto the biotech scene with a $400M launch fund, while fellow San Diego biotech challenger, Capstan Therapeutics ropes in $175M. It's a red-hot week for startups, with the future looking promising across various sectors. Let's keep an eye on how these investments propel industry innovations! #LaunchFinance #LaunchYourStartup #VentureCapital #Startups #Innovation #FundingNews

In this interview, we learn about the ins and outs of raising #medtech capital, what investors want to see in a medical device start-up, and best practices for pitching potential partners. If you are in this place, what do you want to know? #startups #medicalequipment #innovation #healthtech #funding

VCLink's Daily Round Report Part 1: 1. Deepak Pathak's Skild AI, a robotics company, has raised $300 million in its Series A from SoftBank, Coatue, Lightspeed Venture Partners, and Jeff Bezos’ Expeditions fund. Amazon, Carnegie Mellon University, Menlo Ventures, Sequoia, and General Catalyst also participated in the round. https://lnkd.in/e2qZ3qQu 2. Peter Lawrence's Cardurion Pharmaceuticals, a biotech company focused on cardiovascular therapies, has raised $260 million in its Series B from Ascenta Capital. Bain Capital, NEA, GV, Fidelity Management & Research Company, Millennium Management, Farallon Capital Management, Invus, Blue Owl Healthcare Opportunities, Delos Capital, and Digitalis Ventures also participated in the round. https://lnkd.in/e5f56aWZ 3. Phil L'Huillier's CatalYm GmbH, a biotech company, has raised $150 million in its Series D from Canaan Partners and Bioqube Ventures. Forbion Growth, Omega Funds, Gilde Healthcare, Jeito Capital, Brandon Capital Partners, Novartis Venture Fund, and Vesalius also participated in the round. https://lnkd.in/ebSynssg 4. Naveed Siddiqi's Asceneuron SA, a biotech company focused on Alzheimer's treatments, has raised $100 million in its Series C from Novo Holdings. https://lnkd.in/evtCt-vw 5. Thyme Care, a cancer care navigation startup, has raised $95 million in its Series C from Concord Health Partners, Town Hall Ventures, Andreessen Horowitz, Foresite Capital, and CVS Health Ventures. https://lnkd.in/ger7CNrs 6. Huma, a healthcare AI company, has raised $80 million in its Series D. https://lnkd.in/gj5BCZjs 7. Dr. Andreas Böhm's One Data, a data management company, has raised €32 million (approximately $35 million) in its Series B extension round from Vsquared Ventures, Molten Ventures, and HV Capital. https://lnkd.in/eU4UeV4B 8. Jørgen Festervoll's Heimdall Power, a grid sensor company, has raised $25 million in its Series B from Orlen, NRP Zero, and the Steinsvik family office. https://lnkd.in/eH7psn4N

🏆 What a night! 🏆 Labena Ventures just took home the 2024 MedTech World Award for Best Contribution to Life Sciences! 😲 🎖️This recognition celebrates the incredible journey we’ve been on – from an ambitious idea to a clear vision and a vibrant community pushing boundaries in MedTech, Biotech, Pharmatech, and Healthtech. In just two years, we’ve: 🌍 Attracted nearly 300 applications globally 🚀 Brought over 70 startups into our bootcamp 💡 Mentored 24 carefully selected startups through our full programme 💪 Connected with 200+ mentors who are as passionate as we are about reshaping the future of health. This award is a testament to the energy and dedication of our founders, startups, mentors, and partners who believe in creating a healthier future for all. 🙏Thank you to all those of you who acknowledged our efforts by voting for us and to MedTech World and Dylan Attard MD, MRCSI, MEnt. for recognizing our mission and giving us a platform to showcase it on the global stage! 🙏 🙌 Cheers to the next wave of life-changing innovation! 💙🦋 #demoday #medtech #MedTechWorld #MedTechWorldSummit2024 #biotech #pharmatech #healthtech #accelerator #innovation #labena #labenaventures #startups #accelerator #akcelerator #founders #investing #entrepreneurship #preseed #seed