Top 10 VCs investing in medical device companies

They include NEA, Versant Ventures, SOSV and Innova Memphis

Healthtech is a big and broad space, so much so that there are whole subsectors that see more investments than entire industries.

Medical device companies, for example, raised $2.9 billion in 2018, up slightly from $2.8 billion in 2017. There were a total of 218 deals last year, down from 229 the year before. Companies that have raised funding this year so far include Vesper Medical, which raised $62 million; Cala Health, which raised $50 million; and Atonarp, which raised $33 million.

Here are the top venture capitalists that have made investments in this space over the last five years, according to data from CB Insights:

 

• New Enterprise Associates

"As one of the world’s largest and most active venture capital firms, NEA has developed deep domain expertise and insight into our industries of focus. We channel that knowledge into every technology and healthcare investment we make -- at any stage, in any location, around the globe."

Number of investments: 66

Examples of investments: CVRx, VytronUS, Nevro

Stage: Stage agnostic

   

• Versant Ventures

"Versant Ventures is a leading healthcare investment firm committed to helping exceptional entrepreneurs build the next generation of great companies."

Number of investments: 45

Examples of investments: Inari Medical, Sequent Medical, Metavention

Stage: Stage agnostic

 

• SOSV

"SOSV is a global venture capital firm providing multi-stage investment to develop and scale our founders’ big ideas for positive change. We invest in 150 companies every year through our world class vertical accelerator programs."

Number of investments: 35

Examples of investments: CroiValve, Ostoform, Lilu

Stage: Seed, venture and growth stage

 

 

• Innova Memphis

"Innova’s mission is to enable and create high-growth companies and jobs in the healthcare, technology and AgTech fields by providing seed capital and experienced hands-on mentorship and leadership."

Number of investments: 33

Examples of investments: Advanced Catheter Therapies, Arkis BioSciences, Cagenix

Stage: Seed stage

 

• Orbimed Advisors

"From biopharmaceuticals to medical devices, diagnostics, and healthcare services, OrbiMed is scouting the globe for innovations that will help ensure humanity lives healthier, longer and more productive lives."

Number of investments: 32

Examples of investments: AK Medical, Bonovo Orthopedics, Gaush Medical

Stage: Stage agnostic

 

• JJDC

"Johnson & Johnson Innovation – JJDC, Inc. (JJDC) is the strategic venture capital arm of Johnson & Johnson. JJDC pursues opportunities to solve critical healthcare needs. Our portfolio companies benefit from the full global capabilities of Johnson & Johnson as we collaborate to drive innovation."

Number of investments: 30

Examples of investments: Carrot, Dreem, Cala Health

Stage: Stage agnostic

 

• SV Health Investors

"SV Health Investors, formerly SV Life Sciences, is a leading healthcare and life sciences venture capital and growth equity firm."

Number of investments: 26

Examples of investments: AcuFocus, ReShape, BardyDx

Stage: Early stage and revenue stage

 

• U.S. Venture Partners

"The USVP team foundation is grounded in four generations of high-technology venture investing. We are accomplished venture investors, former CEOs, senior executives and technology company founders that came together to take an exemplary firm into the 21st century. Together, we combine 150 years of operating experience and investment expertise with varied backgrounds in marketing, sales, operations, finance, engineering, computing, research and management."

Number of investments: 23

Examples of investments: Medigate, Inari Medical, Inceptus Medical

Stage: Early stage

 

• BioStar Capital

"For nearly two decades, BioStar Capital has been at the forefront of investing in disruptive cardiovascular and orthopaedic medical technologies. The BioStar team combines the insight of experienced investment professionals with the expertise of world-renowned medical thought leaders in clinical practice to attract unique deal flow, mitigate investment risk, optimize product development, and secure successful exit."

Number of investments: 23 

Examples of investments: Aria CV, NewPace, V-Wave

Stage: Stage agnostic

 

• Deerfield Management

Number of investments: 23

Examples of investments: CathWorks, V-Wave, Shockwave Medical

Stage: Early stage

(Image source: healthtrustpg.com)