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MemorialCare Innovation Fund

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 20
Average round size
info
The average size of a deal this fund participated in
$13M
Portfolio companies 16
Rounds per year 0.67
Lead investments 4
Follow on index
info
How often the fund supports its portfolio startups at next rounds
0.20
Exits 4
Key employees 2
Stages of investment
Early Stage Venture

Areas of investment

  • Health Care
  • Software
  • Medical Device
  • Health Diagnostics
  • Information Technology
Summary

MemorialCare Innovation Fund is the famous VC, which was founded in 1993. The company was established in North America in United States. The main office of represented VC is situated in the Long Beach.

Moreover, a startup needs to be at the age of 6-10 years to get the investment from the fund. Among the most popular fund investment industries, there are Health Care, Digital Marketing. Among the various public portfolio startups of the fund, we may underline Health Care DataWorks, Phynd Technologies, Twistle The fund has no exact preference in some founders of portfolio startups. If startup sums 3 or 5+ of the founder, the chance for it to be financed is low. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States.

Besides them, we counted 2 critical employees of this fund in our database.

The typical case for the fund is to invest in rounds with 4-5 participants. Despite the MemorialCare Innovation Fund, startups are often financed by UPMC, Threshold, River Cities Capital Funds. The meaningful sponsors for the fund in investment in the same round are New Enterprise Associates, Delphi Ventures, Ascension Ventures. In the next rounds fund is usually obtained by EDBI, New Enterprise Associates, GBS Ventures.

The fund is constantly included in less than 2 deals per year. The real fund results show that this VC is 9 percentage points less often commits exit comparing to other companies. The common things for fund are deals in the range of 10 - 50 millions dollars. The high activity for fund was in 2019. The average startup value when the investment from MemorialCare Innovation Fund is 50-100 millions dollars. This MemorialCare Innovation Fund works on 18 percentage points less the average amount of lead investments comparing to the other organizations. The higher amount of exits for fund were in 2015.

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Typical Co-investors
MemorialCare Innovation Fund is more likely to invest in rounds together with the following funds:
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Funds investing in following rounds
These funds have a tendency to invest in the following rounds after MemorialCare Innovation Fund:
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Funds from United States
Funds with similar focus located in United States:
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Funds with similar focus acting as lead investors:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Censinet

Cyber Security
Health Care
Information Technology
Risk Management
SaaS
Supply Chain Management
$9M11 Jan 2023 Boston, Massachusetts, United States

Asimily

Cyber Security
Data Visualization
Hospital
Software
23 Jun 2022 Sunnyvale, California, United States

Xealth

Health Care
Health Diagnostics
Personal Health
Therapeutics
$24M21 Sep 2021 Seattle, Washington, United States

Babyscripts

Child Care
Health Care
mHealth
Mobile Apps
Software
$12M13 Sep 2021 Washington, District of Columbia, United States

Protenus

Analytics
Artificial Intelligence
Big Data
Compliance
Health Care
Machine Learning
Software
$21M15 Jun 2021 Baltimore, Maryland, United States

Foldax

Developer Platform
Manufacturing
Medical Device
$20M22 Jun 2020 Salt Lake City, Utah, United States

SilverCloud Health

Electronic Health Record (EHR)
Enterprise Software
Health Care
Medical
Personal Health
Therapeutics
Wellness
$16M08 Apr 2020 Boston, Massachusetts, United States

AristaMD

Business/Productivity Software
Consulting Services (B2B)
Health Care
Hospital
Managed Care
mHealth
Other Healthcare Technology Systems
Software
$18M31 Mar 2020 San Diego, California, United States

Laudio

Health Care
SaaS
$7M12 Dec 2019 Boston, Massachusetts, United States
News
Xealth Secures $24 Million in Series B Funding to Accelerate Digital Health

– Xealth, the leader in enabling digital health at scale, announced that the company has secured $24 million in Series B funding led by Advocate Aurora Enterprises, a subsidiary of Advocate Aurora Health.
– Seven additional health systems – Banner Health, ChristianaCare, Cone Health, Memorial Hermann, Nebraska Medicine, Novant Health and Stanford Health Care – join existing health system investors Atrium Health, Cleveland Clinic, Froedtert & MCW Health Network, MemorialCare Innovation Fund, Providence and UPMC.
– This brings the company’s total funding to date to $52.6 million.
– Use of digital therapeutics and remote patient monitoring is accelerating as they help fill a necessary role in extending care options for patients.

Babyscripts Raises $12M in First Round of Series B Funding

– Babyscripts, a Washington, DC-based virtual care platform for managing obstetrics, raised $12m in the first close of its Series B funding.
– The round was led by MemorialCare Innovation Fund, a strategic healthcare investment company, with participation from Philips and the CU Healthcare Innovation Fund, as well as Banner Health, WellSpan Health, University Hospitals, and the Froedtert & the Medical College of Wisconsin health network.
– The new investment will be used to roll out its Babyscripts Virtual Maternity Care solution to providers across the US.

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Total investments 20
Average round size 13M
Rounds per year 0.67
Peak activity year 2019
Lead investments 4
Follow on index 0.20
Exits 4
Group Appearance index 0.95

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Censinet

Cyber Security
Health Care
Information Technology
Risk Management
SaaS
Supply Chain Management
$9M11 Jan 2023 Boston, Massachusetts, United States

Asimily

Cyber Security
Data Visualization
Hospital
Software
23 Jun 2022 Sunnyvale, California, United States

Xealth

Health Care
Health Diagnostics
Personal Health
Therapeutics
$24M21 Sep 2021 Seattle, Washington, United States

Babyscripts

Child Care
Health Care
mHealth
Mobile Apps
Software
$12M13 Sep 2021 Washington, District of Columbia, United States

Protenus

Analytics
Artificial Intelligence
Big Data
Compliance
Health Care
Machine Learning
Software
$21M15 Jun 2021 Baltimore, Maryland, United States

Foldax

Developer Platform
Manufacturing
Medical Device
$20M22 Jun 2020 Salt Lake City, Utah, United States

SilverCloud Health

Electronic Health Record (EHR)
Enterprise Software
Health Care
Medical
Personal Health
Therapeutics
Wellness
$16M08 Apr 2020 Boston, Massachusetts, United States

AristaMD

Business/Productivity Software
Consulting Services (B2B)
Health Care
Hospital
Managed Care
mHealth
Other Healthcare Technology Systems
Software
$18M31 Mar 2020 San Diego, California, United States

Laudio

Health Care
SaaS
$7M12 Dec 2019 Boston, Massachusetts, United States

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