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Providence Ventures

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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 31
Average round size
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The average size of a deal this fund participated in
$40M
Portfolio companies 22
Rounds per year 3.10
Lead investments 2
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.29
Exits 5
Key employees 4

Areas of investment

  • Health Care
  • Software
  • Information Technology
  • Medical
  • Analytics
Summary

The company was established in North America in United States. The leading representative office of defined VC is situated in the Seattle.

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. Among the various public portfolio startups of the fund, we may underline Bona Film Group, Omada Health, Gauss Surgical Moreover, a startup needs to be at the age of 6-10 years to get the investment from the fund. Among the most successful fund investment fields, there are Health Diagnostics, Hardware. For fund there is a match between the location of its establishment and the land of its numerous investments - United States.

We also calculated 4 valuable employees in our database.

The typical case for the fund is to invest in rounds with 5-6 participants. Despite the Providence Ventures, startups are often financed by Providence Health & Services, Venrock, UPMC. The meaningful sponsors for the fund in investment in the same round are Venrock, UPMC, Threshold. In the next rounds fund is usually obtained by MemorialCare Innovation Fund, Cleveland Clinic, Atrium Health.

The top amount of exits for fund were in 2019. The fund is constantly included in 2-6 deals per year. When the investment is from Providence Ventures the average startup value is more than 1 billion dollars. Comparing to the other companies, this Providence Ventures performs on 12 percentage points less the average number of lead investments. Deals in the range of 10 - 50 millions dollars are the general things for fund. The real fund results show that this VC is 12 percentage points less often commits exit comparing to other companies. The top activity for fund was in 2019.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Providence Ventures:
Typical Co-investors
Providence Ventures 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 Providence Ventures:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

SpineZone

Health Care
Medical
$15M02 May 2024 San Diego, California, United States

Praia Health

$20M02 Apr 2024 Chicago, Illinois, United States

DexCare

Health Care
Hospital
Software
$50M13 Jan 2022 Seattle, Washington, United States

Xealth

Health Care
Health Diagnostics
Personal Health
Therapeutics
$25M05 Oct 2021 Seattle, Washington, United States

Kno2

Developer Platform
Health Care
Information Services
Information Technology
Software
$15M15 Jul 2021 Boise, Idaho, United States

DexCare

Health Care
Hospital
Software
$20M22 Mar 2021 Seattle, Washington, United States

SpineZone

Health Care
Medical
$12M25 Feb 2021 San Diego, California, United States

Lyra Health

Employee Benefits
Health Care
Information Services
Information Technology
$75M11 Mar 2020 California, United States

Protenus

Analytics
Artificial Intelligence
Big Data
Compliance
Health Care
Machine Learning
Software
$17M20 Aug 2019 Baltimore, Maryland, 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.

Kno2 Raises $15M in Series A Funding

– Kno2 is a Boise, ID and Scottsdale, AZ based company that enables interoperability at scale.
– Company raised $15m in Series A funding.
– The round was co-led by Health Enterprise Partners (HEP) and Providence Ventures.
– The new investment will be used to continue to develop the platform, expand its reach to underserved markets such as small to medium physician offices, post-acute and behavioral health providers, community services, and more ─ connecting these participants to the rest of the healthcare ecosystem.

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Total investments 31
Average round size 40M
Rounds per year 3.10
Peak activity year 2021
Lead investments 2
Follow on index 0.29
Exits 5
Group Appearance index 0.94

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

SpineZone

Health Care
Medical
$15M02 May 2024 San Diego, California, United States

Praia Health

$20M02 Apr 2024 Chicago, Illinois, United States

DexCare

Health Care
Hospital
Software
$50M13 Jan 2022 Seattle, Washington, United States

Xealth

Health Care
Health Diagnostics
Personal Health
Therapeutics
$25M05 Oct 2021 Seattle, Washington, United States

Kno2

Developer Platform
Health Care
Information Services
Information Technology
Software
$15M15 Jul 2021 Boise, Idaho, United States

DexCare

Health Care
Hospital
Software
$20M22 Mar 2021 Seattle, Washington, United States

SpineZone

Health Care
Medical
$12M25 Feb 2021 San Diego, California, United States

Lyra Health

Employee Benefits
Health Care
Information Services
Information Technology
$75M11 Mar 2020 California, United States

Protenus

Analytics
Artificial Intelligence
Big Data
Compliance
Health Care
Machine Learning
Software
$17M20 Aug 2019 Baltimore, Maryland, United States
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