LabCorp

Type

CVC

Status

Active

Location

Burlington, United States

Total investments

44

Average round size

24M

Portfolio companies

34

Rounds per year

0.96

Lead investments

5

Follow on index

0.23

Exits

2

Areas of investment
BiotechnologySoftwareHealth CareHealth DiagnosticsHospitalElectronic Health Record (EHR)Medical DeviceMedicalPersonal HealthLife Science

Summary

LabCorp is the famous Corporate Investor, which was founded in 1976. The main office of represented Corporate Investor is situated in the Burlington. The venture was found in North America in United States.

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 no exact preference in some founders of portfolio startups. If startup sums 5+ of the founder, the chance for it to be financed is low. Besides, a startup needs to be aged 4-5 years to get the investment from the fund. We can highlight the next thriving fund investment areas, such as Cloud Computing, Medical Device. Among the most popular portfolio startups of the fund, we may highlight Flatiron Health, ORIG3N, Navigating Cancer.

The fund is constantly included in 2-6 deals per year. The increased amount of exits for fund were in 2019. The high activity for fund was in 2019. Opposing the other organizations, this LabCorp works on 22 percentage points less the average amount of lead investments. Speaking about the real fund results, this Corporate Investor is 0 percentage points less often commits exit comparing to other organizations. Deals in the range of 10 - 50 millions dollars are the general things for fund. When the investment is from LabCorp the average startup value is 10-50 millions dollars.

The typical case for the fund is to invest in rounds with 4-5 participants. Despite the LabCorp, startups are often financed by General Catalyst, Hatteras Venture Partners, 180 Degree Capital. The meaningful sponsors for the fund in investment in the same round are Hatteras Venture Partners, GV, DEFTA Partners. In the next rounds fund is usually obtained by The Kraft Group, Spectrum Health Ventures, Hatteras Venture Partners.

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Investor highlights

Industry focus
MedtechHealthcareBiotech/Life SciencesLogistics
Stage focus
SeedSeries ASeries B

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Investments analytics

Analytics

Total investments
44
Lead investments
5
Exits
2
Rounds per year
0.96
Follow on index
0.23
Investments by industry
  • Health Care (35)
  • Biotechnology (27)
  • Health Diagnostics (24)
  • Medical (14)
  • Life Science (6)
  • Show 37 more
Investments by region
  • United States (41)
  • Canada (2)
  • United Kingdom (1)
Peak activity year
2019
Number of Unicorns
1
Number of Decacorns
1

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Quantitative data

Avg. startup age at the time of investment
9
Avg. valuation at time of investment
56M
Group Appearance index
0.91
Avg. company exit year
8
Avg. multiplicator
5.46
Strategy success index
0.60

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Latest deals

Company name Deal date Industry Deal stage Deal size Location
Phenomix Sciences 06 May 2024 Biotechnology, Health Care, Life Science Early Stage Venture 5M United States, Minnesota, Rochester
Recovery Platform 01 Oct 2017 Software, Health Care, Electronic Health Record (EHR) Seed 1M United States, North Carolina, Wilmington
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