Chattanooga, Tennessee, United States In 2014 was created Solas BioVentures, which is appeared as VC. The fund was located in North America if to be more exact in United States. The main office of represented VC is situated in the Chattanooga.
The typical case for the fund is to invest in rounds with 3-4 participants. Despite the Solas BioVentures, startups are often financed by Delphi Ventures, Alloy Ventures, Tech Square Ventures. The meaningful sponsors for the fund in investment in the same round are Tech Square Ventures, Medtronic, Delphi Ventures. In the next rounds fund is usually obtained by William A. Hawkins III, Tech Square Ventures, Piedmont Capital Partners.
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 specific favorite in a number of founders of portfolio startups. Among the most popular fund investment industries, there are Biopharma, Health Care. Among the most popular portfolio startups of the fund, we may highlight Arrivo BioVentures LLC, CardioNXT, AEGEA Medical. Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund.
We also calculated 4 valuable employees in our database.
The top activity for fund was in 2016. The real fund results show that this VC is 5 percentage points more often commits exit comparing to other companies. The usual things for fund are deals in the range of 10 - 50 millions dollars. The fund is constantly included in less than 2 investment rounds annually. When the investment is from Solas BioVentures the average startup value is 50-100 millions dollars.
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Notable deals
| Company | Industry | Round Size | Date | Investors | Location |
Vektor Medical | $16M | 05 Feb 2024 | San Diego, California, United States | ||
Basking Biosciences | $55M | 30 Jan 2024 | Durham, North Carolina, United States | ||
Arrivo BioVentures LLC | $45M | 29 Nov 2023 | North Carolina, United States | ||
Dimension Inx | $12M | 01 Feb 2023 | Chicago, Illinois, United States | ||
EirSystems | 08 Aug 2022 | Chattanooga, Tennessee, United States | |||
Stimdia Medical | $16M | 14 Jul 2022 | Minnesota City, Minnesota, United States | ||
Pathware | $7M | 20 Apr 2022 | Seattle, Washington, United States | ||
Cryosa | $21M | 23 Sep 2021 | Minnesota, United States | ||
Francis Medical | $55M | 15 Sep 2021 | Minnesota, United States |
– Medical device startup Cryosa from Singapore completed its Series B funding round, raising $21.5m.
РThe round was led by life sciences firm Solas BioVentures, with additional funding from Series A investors which include life sciences firm Sant̩ Ventures, global technology and med-tech company HOYA Corporation, and additional investors.
– The funding will be used to continue first-in-human clinical trials.
– Francis Medical, a Minneapolis MI-based medical device company, raised $55M in Series B equity funding.
– The round was led by Solas BioVentures with participation from Arboretum Ventures, Coloplast A/S, H2Oey Ventures and Tonkawa.
– The company intends to use the funds to fund for the development of its proprietary prostate cancer treatment through FDA 510(k) approval, which includes a pivotal clinical study (VAPOR 2) for the management of prostate cancer.
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| Company | Industry | Round Size | Date | Investors | Location |
Vektor Medical | $16M | 05 Feb 2024 | San Diego, California, United States | ||
Basking Biosciences | $55M | 30 Jan 2024 | Durham, North Carolina, United States | ||
Arrivo BioVentures LLC | $45M | 29 Nov 2023 | North Carolina, United States | ||
Dimension Inx | $12M | 01 Feb 2023 | Chicago, Illinois, United States | ||
EirSystems | 08 Aug 2022 | Chattanooga, Tennessee, United States | |||
Stimdia Medical | $16M | 14 Jul 2022 | Minnesota City, Minnesota, United States | ||
Pathware | $7M | 20 Apr 2022 | Seattle, Washington, United States | ||
Cryosa | $21M | 23 Sep 2021 | Minnesota, United States | ||
Francis Medical | $55M | 15 Sep 2021 | Minnesota, United States |
