Solas BioVentures

Total investments

21

Average round size

21M

Portfolio companies

15

Rounds per year

2.10

Lead investments

4

Follow on index

0.29

Exits

1

Stages of investment
Early Stage Venture
Areas of investment
BiotechnologyCommercialSoftwareHealth CareHealth DiagnosticsManufacturingMedical DeviceMedicalTherapeuticsBiopharma

Summary

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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Investments analytics

Analytics

Total investments
21
Lead investments
4
Exits
1
Rounds per year
2.10
Follow on index
0.29
Investments by industry
  • Health Care (17)
  • Medical Device (13)
  • Biotechnology (13)
  • Medical (9)
  • Manufacturing (3)
  • Show 12 more
Investments by region
  • United States (19)
  • Canada (2)
Peak activity year
2022

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Quantitative data

Avg. startup age at the time of investment
9
Avg. valuation at time of investment
13M
Group Appearance index
0.86
Avg. company exit year
14

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Latest deals

Company name Deal date Industry Deal stage Deal size Location
PreTel 15 Mar 2017 Commercial, Health Care, Wearables Early Stage Venture 0 Canada, Ontario, Peterborough
Vektor Medical 05 Feb 2024 Health Care, Medical Device, Medical Early Stage Venture 16M United States, California, San Diego
21 Apr 2020 Software, Retail Technology, Enterprise Software, Marketing, Internet Radio, Advertising, Media and Entertainment, Advertising Platforms, Outdoor Advertising Early Stage Venture 6M United States, Indiana

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How we get our data

At Unicorn Nest, we combine cutting-edge technology with human expertise to build one of the most reliable venture capital databases in the market. Our process begins with automated AI-enhanced data collection, leveraging the full potential of Large Language Models (LLMs).

Later, our team of analysts takes it further with manual verification, using proprietary tools for data cleaning and validation to ensure accuracy and reliability. We cross-check and enhance our findings through press and media monitoring, integrating information from trusted news outlets and venture capital aggregators. Finally, we stay ahead of the curve by monitoring social networks like LinkedIn and X.com.