Our interests in the life sciences are broad . . .
- Therapeutics
- Medical Devices
- Diagnostics
- Research Tools and Services
- Materials
- Healthcare Information Technologies
- Healthcare Services
We generally spend considerable time with scientists and managers both before and after making investments, developing and refining the business strategy, recruiting management, developing and helping to implement partnering strategies, securing laboratory and equipment financing, etc.
Our investments may range from several hundred thousand dollars to several million, with substantial capital reserved for follow-on investments. For example, we might invest $100,000 to fund needed proof of concept work, $1.5 million to $2.0 million in a first (“A”) investment round, a like amount in a B round, and another $1 million in a subsequent round. As a broad and sound investor base is critical to both a company’s success and to attractive investment returns, we expect to build an investment syndicate with other institutional investors early in each company’s development.
While there is no requirement that companies be located in or near New Haven, we believe the New Haven area to be an excellent location for a life sciences focused technology business given:
- Affordable office and laboratory space
- Access to a highly skilled workforce
- Proximity of Yale University, research hospitals, and a number of large pharmaceutical and biotechnology companies
- Excellent quality of life, with appealing choices of places to live, a rich mix of restaurants and cultural events, and easy access to outdoor recreational activities on the ocean, on the lakes, and in the mountains of New England.
