Johnson & Johnson Development Corporation

Johnson & Johnson Development Corporation

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Headquarters Location

United States, New Brunswick

About

Johnson & Johnson Development Corporation was established in 1979, and is a well known VC. The fund is located in United States, North America. Johnson & Johnson Development Corporation is a CVC subsidiary of a larger organisation. The primary office of this VC is located in New Brunswick.

The country of its foundation and the country of its most frequent investments coincides - United States. Besides this, the fund also invested in 9 other countries. GRAIL, NovoCure, 23andMe are amongst the various portfolio companies of this fund. Moreover, a start-up needs to be 6-10 years old to get investment from this fund. The fund has specific requirements for the number of founders in a start-up. If the applying start-up has 5+ founders, it is very unlikely that funding will be awarded. We can highlight the most popular investment areas for this fund, such as Medical Device, Biotechnology. In addition, there are 12 more industries where it has achieved success.

We recorded the biggest number of exits for this fund in 2014. The average start-up valuation at the time of investment from Johnson & Johnson Development Corporation is 10-50 millions dollars. In terms of the fund's performance, this VC has 2 percentage points less exits when compared to other organizations. In 2009, the fund's activity was at its peak. In addition, the fund was active in 2019. Johnson & Johnson Development Corporation is involved in 0 percentage points more than the average amount of lead investments when compared with other funds. Deals in the range of 10 - 50 millions dollars are most common for this fund. The fund generally invests in 7-12 deals every year.

The fund usually invests in rounds together with 5-6 others. Besides Johnson & Johnson Development Corporation, start-ups are typically funded by InterWest Partners, Prism Venture Management, Polaris Partners and 97 more VCs. The fund often co-invests with Quaker BioVentures, InterWest Partners, Delphi Ventures, overall with 118 funds from our list. In subsequent rounds, the fund is usually joined by Domain Associates, SR One, Medtronic, as well as 113 other investors.

This VC was founded by John L. Cassis. The overall number of key employee in the fund's team is 1.

Year Founded

1979

Fund Activity

Operative

Group Appearance [how often fund is operating separately from groups with shared interest]

98.7% of cases

Follow-on Index [how often fund is ready to support its portfolio startup at next rounds]

32.7% of cases

Average Multiplicator [the average ratio of the last valuation of portfolio startups to their total amount of financing raised]

x11

Average Portfolio Company
Exit Age [the average age of portfolio startups at which they go public or become acquired]

2 years

Success / Strategy Similarity
Index [the matching between fund's investment strategy and its proved successes in the form of portfolio startups high valuations]

0.6 out of 1

Number of Unicorns [amount of portfolio companies, which were valuated at more then $1B]

5

Number of Minotaurs [amount of portfolio companies, which raised more then $1B in total]

1

Funds Investing in Following
Rounds

Domain Associates, SR One, Medtronic

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