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Heritage Provider Network

Founders Richard Merkin

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Total investments 14
Average round size
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The average size of a deal this fund participated in
$43M
Portfolio companies 10
Rounds per year 0.54
Lead investments 0
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.29
Exits 1
Key employees Soon

Areas of investment

  • Biotechnology
  • Health Care
  • Genetics
  • Medical Device
  • Life Science
Summary

Heritage Provider Network is the famous Corporate Investor, which was founded in 1996. The company was established in North America in United States. The main department of described Corporate Investor is located in the Northridge.

The current fund was established by Richard Merkin.

The top amount of exits for fund were in 2019. The top activity for fund was in 2018. The common things for fund are deals in the range of 10 - 50 millions dollars. The fund is constantly included in less than 2 investment rounds annually.

The typical case for the fund is to invest in rounds with 6-7 participants. Despite the Heritage Provider Network, startups are often financed by Cambia Health Solutions, Wilson Sonsini Goodrich & Rosati, Rising Tide. The meaningful sponsors for the fund in investment in the same round are Wilson Sonsini Goodrich & Rosati, Rising Tide, Pillar Companies. In the next rounds fund is usually obtained by Celgene, Amgen Ventures, Alexandria Real Estate Equities.

The fund has exact preference in a number of founders of portfolio startups. In case when startup counts 3 or 4 of the founder, the chance for it to get the investment is meager. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. Among the various public portfolio startups of the fund, we may underline IDx, Celsius Therapeutics, GNS Healthcare Among the most popular fund investment industries, there are Biotechnology, Pharmaceutical. Besides, a startup requires to be at the age of 6-10 years to receive the investment from the fund.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Heritage Provider Network:
Typical Co-investors
Heritage Provider Network is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Heritage Provider Network:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Celsius Therapeutics

Biotechnology
Emergency Medicine
Genetics
Health Care
$83M24 Mar 2022 Cambridge, Massachusetts, United States

InterVenn

Biotechnology
Life Science
$201M02 Aug 2021 South San Francisco, California, United States

RubiconMD

Consulting
Health Care
Information Services
Information Technology
Medical
mHealth
$18M10 Mar 2020 New York, New York, United States

GRO Biosciences

Biotechnology
Health Diagnostics
Medical Device
Pharmaceutical
Therapeutics
$3M13 Mar 2019 Boston, Massachusetts, United States

Alphamab Oncology

Biotechnology
Clinical Trials
Health Care
Pharmaceutical
Therapeutics
$100M16 Nov 2018 Jiangsu

Glympse Bio

Biotechnology
Health Care
Life Science
Medical Device
Nanotechnology
$22M09 Oct 2018 Cambridge, Massachusetts, United States

Artificial Intelligence
Health Care
Health Diagnostics
Medical Device
$32M27 Sep 2018 Iowa, United States

Celsius Therapeutics

Biotechnology
Emergency Medicine
Genetics
Health Care
$65M15 May 2018 Cambridge, Massachusetts, United States

GRO Biosciences

Biotechnology
Health Diagnostics
Medical Device
Pharmaceutical
Therapeutics
$2M08 Feb 2018 Boston, Massachusetts, United States
News
InterVenn Biosciences Raises $201 Million for AI-driven Glycoproteomic Platform, Liquid-Biopsy development

– InterVenn Biosciences announced the completion of a $201m Series C financing.
– The funding round was led by new investors SoftBank Group, Heritage Provider Network, Irving Investors, Highside Capital Management, and backed by existing investors Amplify Partners, Anzu Partners, Genoa Ventures and True Ventures.
– The proceeds from the financing will be used to accelerate development and commercialization of Dawn, the company’s liquid biopsy assay for immune checkpoint inhibitor response prediction, and to expand the network of partners on the company’s AI-driven glycoproteomics platform.
– To date, the InterVenn glycoproteomics platform has been used to develop 16 clinical use cases across oncology and other indications. Dawn is currently under development and is planned to be commercialized in 2022.

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Total investments 14
Average round size 43M
Rounds per year 0.54
Peak activity year 2018
Lead investments 0
Follow on index 0.29
Exits 1
Group Appearance index 1.00

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Celsius Therapeutics

Biotechnology
Emergency Medicine
Genetics
Health Care
$83M24 Mar 2022 Cambridge, Massachusetts, United States

InterVenn

Biotechnology
Life Science
$201M02 Aug 2021 South San Francisco, California, United States

RubiconMD

Consulting
Health Care
Information Services
Information Technology
Medical
mHealth
$18M10 Mar 2020 New York, New York, United States

GRO Biosciences

Biotechnology
Health Diagnostics
Medical Device
Pharmaceutical
Therapeutics
$3M13 Mar 2019 Boston, Massachusetts, United States

Alphamab Oncology

Biotechnology
Clinical Trials
Health Care
Pharmaceutical
Therapeutics
$100M16 Nov 2018 Jiangsu

Glympse Bio

Biotechnology
Health Care
Life Science
Medical Device
Nanotechnology
$22M09 Oct 2018 Cambridge, Massachusetts, United States

Artificial Intelligence
Health Care
Health Diagnostics
Medical Device
$32M27 Sep 2018 Iowa, United States

Celsius Therapeutics

Biotechnology
Emergency Medicine
Genetics
Health Care
$65M15 May 2018 Cambridge, Massachusetts, United States

GRO Biosciences

Biotechnology
Health Diagnostics
Medical Device
Pharmaceutical
Therapeutics
$2M08 Feb 2018 Boston, Massachusetts, United States
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