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Virginia Tech Carilion (VTC) 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 10
Average round size
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The average size of a deal this fund participated in
$10M
Portfolio companies 7
Lead investments 2
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.30
Key employees 1
Stages of investment
Early Stage Venture
Late Stage Venture

Areas of investment

  • Medical
  • Pharmaceutical
  • Biotechnology
  • Health Care
  • Eyewear
Summary

The company was established in North America in United States. The main department of described VC is located in the Roanoke.

The usual things for fund are deals in the range of 10 - 50 millions dollars. The important activity for fund was in 2019. The fund is constantly included in less than 2 deals per year. Considering the real fund results, this VC is 55 percentage points more often commits exit comparing to other organizations.

The usual cause for the fund is to invest in rounds with 4-5 partakers. Despite the Virginia Tech Carilion (VTC) Innovation Fund, startups are often financed by Santen Pharmaceutical, Pharmstandard, LaunchCapital. The meaningful sponsors for the fund in investment in the same round are Pharmstandard, Valo Ventures, University System of Maryland. In the next rounds fund is usually obtained by Pharmstandard.

We can highlight the next thriving fund investment areas, such as Information Technology, Therapeutics. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. Among the most popular portfolio startups of the fund, we may highlight PlanetIQ. Moreover, a startup needs to be at the age of 6-10 years to get the investment from the fund.

We also calculated 1 valuable employee in our database.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Virginia Tech Carilion (VTC) Innovation Fund:
Typical Co-investors
Virginia Tech Carilion (VTC) Innovation Fund 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 Virginia Tech Carilion (VTC) Innovation Fund:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Veralox Therapeutics

Biotechnology
Medical
Pharmaceutical
Therapeutics
$16M16 Jun 2021 Frederick, Maryland, United States

Biotechnology
Health Care
Wellness
$23M08 Dec 2020 Richmond, Virginia, United States

Panaceutics Nutrition

Fitness
Health Care
Nutrition
Personalization
Wellness
$5M20 Apr 2020 Virginia, United States

Veralox Therapeutics

Biotechnology
Medical
Pharmaceutical
Therapeutics
$5M05 Sep 2019 Frederick, Maryland, United States

PlanetIQ

Information Technology
$18M10 Jul 2019 Golden, Colorado, United States

Eyewear
Medical
Pharmaceutical
$6M21 Mar 2019 Virginia, United States

Eyewear
Medical
Pharmaceutical
$8M07 Dec 2017 Virginia, United States
News
Veralox Therapeutics Closes $16.6M Series A Financing

– Veralox is a biotechnology company developing first-in-class small molecule therapeutics that treat the underlying pathologies of diseases with significant unmet medical needs, closed a $16.6m Series A financing.
– The round was led by Hatteras Venture Partners with participation from Genesys Capital, Point Field Partners and Alexandria Venture Investments as well as support from previous investors Sanofi Ventures, JDRF T1D Fund, Maryland Momentum Fund, VTC Innovation Fund and TEDCO.
– The new investment will be used to advance the development program for its lead product candidate VLX-1005 for the treatment of heparin-induced thrombocytopenia (HIT).

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Total investments 10
Average round size 10M
Peak activity year 2019
Lead investments 2
Follow on index 0.30
Group Appearance index 1.00

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Veralox Therapeutics

Biotechnology
Medical
Pharmaceutical
Therapeutics
$16M16 Jun 2021 Frederick, Maryland, United States

Biotechnology
Health Care
Wellness
$23M08 Dec 2020 Richmond, Virginia, United States

Panaceutics Nutrition

Fitness
Health Care
Nutrition
Personalization
Wellness
$5M20 Apr 2020 Virginia, United States

Veralox Therapeutics

Biotechnology
Medical
Pharmaceutical
Therapeutics
$5M05 Sep 2019 Frederick, Maryland, United States

PlanetIQ

Information Technology
$18M10 Jul 2019 Golden, Colorado, United States

Eyewear
Medical
Pharmaceutical
$6M21 Mar 2019 Virginia, United States

Eyewear
Medical
Pharmaceutical
$8M07 Dec 2017 Virginia, United States
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