In 1979 was created Johnson & Johnson Development Corporation, which is appeared as VC. The fund was located in North America if to be more exact in United States. Johnson & Johnson Development Corporation appeared to be a CVC structure as part of the corporation. The main department of described VC is located in the New Brunswick.
Opposing the other organizations, this Johnson & Johnson Development Corporation works on 0 percentage points more the average amount of lead investments. The fund is generally included in 7-12 deals every year. Deals in the range of 10 - 50 millions dollars are the general things for fund. Speaking about the real fund results, this VC is 2 percentage points less often commits exit comparing to other organizations. The important activity for fund was in 2009. Despite it in 2019 the fund had an activity. The average startup value when the investment from Johnson & Johnson Development Corporation is 10-50 millions dollars. The increased amount of exits for fund were in 2014.
The standard case for the fund is to invest in rounds with 5-6 partakers. Despite the Johnson & Johnson Development Corporation, startups are often financed by InterWest Partners, Prism Venture Management, Polaris Partners. The meaningful sponsors for the fund in investment in the same round are Quaker BioVentures, InterWest Partners, Delphi Ventures. In the next rounds fund is usually obtained by Domain Associates, SR One, Medtronic.
This organization was formed by John L. Cassis. The overall number of key employees were 1.
Moreover, a startup needs to be at the age of 6-10 years to get the investment from the fund. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. The fund has specific favorite in a number of founders of portfolio startups. If startup sums 5+ of the founder, the chance for it to be financed is low. We can highlight the next thriving fund investment areas, such as Medical Device, Biotechnology. Among the various public portfolio startups of the fund, we may underline GRAIL, NovoCure, 23andMe
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Notable deals
Company | Industry | Round Size | Date | Investors | Location |
Prana Thoracic | $3M | 18 Jun 2024 | Houston, Texas, United States | ||
Osteal Therapeutics | $23M | 21 Sep 2023 | San Clemente, California, United States | ||
Osteal Therapeutics | $30M | 08 Mar 2022 | San Clemente, California, United States | ||
$1B | 01 Mar 2017 | California, United States | |||
Fusion Pharmaceuticals | $25M | 23 Feb 2017 | Hamilton, Ontario, Canada | ||
Cala Health | $18M | 16 Feb 2016 | California, United States | ||
PhaseBio Pharmaceuticals | $40M | 12 Mar 2015 | Pennsylvania, United States | ||
Willow | $15M | 21 Jan 2015 | Mountain View, California, United States | ||
Padlock Therapeutics | $23M | 18 Dec 2014 | Cambridge, Massachusetts, United States |
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Latest deals
Company | Industry | Round Size | Date | Investors | Location |
Prana Thoracic | $3M | 18 Jun 2024 | Houston, Texas, United States | ||
Osteal Therapeutics | $23M | 21 Sep 2023 | San Clemente, California, United States | ||
Osteal Therapeutics | $30M | 08 Mar 2022 | San Clemente, California, United States | ||
$1B | 01 Mar 2017 | California, United States | |||
Fusion Pharmaceuticals | $25M | 23 Feb 2017 | Hamilton, Ontario, Canada | ||
Cala Health | $18M | 16 Feb 2016 | California, United States | ||
PhaseBio Pharmaceuticals | $40M | 12 Mar 2015 | Pennsylvania, United States | ||
Willow | $15M | 21 Jan 2015 | Mountain View, California, United States | ||
Padlock Therapeutics | $23M | 18 Dec 2014 | Cambridge, Massachusetts, United States |