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Excel Venture Management, LLC is a Boston-based venture capital firm founded by Juan Enriquez and Dennis Ausiello, both notable figures in the healthcare and life sciences sectors. Established to support companies that leverage innovative life science technologies, Excel focuses on improving healthcare outcomes while reducing costs. The firm has built a balanced investment portfolio that spans various stages of company development, from pre-seed to growth equity.
Currently, Excel Venture Management manages assets under management (AUM) that reflect its commitment to the healthcare sector. The firm has made significant strides in the venture capital landscape, particularly in healthcare IT, diagnostics, and medical devices. Excel's notable milestones include successful exits from several portfolio companies, demonstrating its ability to identify and nurture high-potential startups.
Excel operates primarily in the United States, with a keen interest in expanding its focus to include life science technologies applicable to agriculture, environment, energy, and defense. The firm’s strategic approach to investing is underscored by its commitment to building companies that address pressing challenges in healthcare and beyond.
Excel Venture Management invests in early-stage companies that apply innovative life science technologies, particularly in healthcare IT, diagnostics, and medical devices. The firm targets a range of investment stages, including pre-seed, seed, seed-plus, Series A, Series B, Series C, and growth equity. Check sizes typically range from $1 million to $5 million, allowing Excel to support companies at various points in their development.
The firm emphasizes investments in companies that utilize data science to transform healthcare, aiming to lower costs and improve outcomes. Excel's investment strategy encompasses a diversified portfolio within the life science economy, focusing on sectors such as healthcare IT, diagnostics, medical devices, and life science platforms. Additionally, the firm is increasingly interested in life science technologies that can be applied to non-healthcare industries, including agriculture, environment, energy, and defense.
Excel Venture Management has built a notable portfolio of companies, including:
This diverse portfolio highlights Excel's commitment to investing in transformative technologies that address critical challenges in healthcare. The firm has successfully exited several companies, demonstrating its ability to identify high-potential investments and support their growth.
Rick Blume: Managing Director at Excel Venture Management, Rick has extensive experience in healthcare investments and has played a pivotal role in the firm's strategic direction.
Juan Enriquez: Co-founder and Managing Director, Juan is a renowned author and TED speaker with a background in genomics. He brings a wealth of knowledge in life sciences and healthcare innovation.
Caleb Winder: Managing Director, Caleb has a strong track record in venture capital and healthcare investments, focusing on identifying high-potential startups.
Chris Seitz: Venture Fellow, Chris supports the investment team with research and analysis, contributing to the firm's decision-making processes.
To pitch to Excel Venture Management, founders should utilize the contact information available on their website, excelvm.com, or email info@excelvm.com. It is recommended to include a comprehensive deck that outlines the business model, market opportunity, and team qualifications. Excel values clarity and detail in presentations.
Response times can vary, but founders should expect to hear back within a few weeks. Warm introductions are preferred, as they can facilitate a more favorable review process.
On March 1, 2023, Excel Venture Management announced a new investment in a healthcare IT startup focused on improving patient data management. This investment aligns with their strategy of supporting innovative technologies in the healthcare sector.
In January 2023, the firm celebrated the successful acquisition of Cleveland HeartLab by Quest Diagnostics, marking a significant exit for Excel's portfolio. This acquisition highlights Excel's ability to identify and nurture companies that achieve substantial market impact.
What are Excel Venture Management's investment criteria?
Excel Venture Management focuses on early-stage companies in the healthcare and life sciences sectors, particularly those utilizing innovative technologies to improve healthcare outcomes. The firm invests across various stages, from pre-seed to growth equity, with check sizes ranging from $1 million to $5 million.
How can I apply or pitch to Excel Venture Management?
Founders can pitch to Excel Venture Management by visiting their website at excelvm.com or by emailing info@excelvm.com. It is advisable to include a detailed business plan and information about the team and technology.
What makes Excel Venture Management different from other VC firms?
Excel Venture Management specializes in healthcare and life sciences, focusing on companies that leverage data science and innovative technologies. Their deep expertise in these sectors allows them to provide strategic guidance and valuable connections to portfolio companies.
What is Excel's geographic scope for investments?
The firm primarily invests in companies based in the United States, although it is expanding its interest to include life science technologies applicable to other sectors such as agriculture, environment, energy, and defense.
What is Excel's post-investment involvement like?
Excel Venture Management actively engages with its portfolio companies, providing strategic guidance and facilitating industry connections to enhance growth and innovation. The firm aims to support its companies throughout their development stages.
What is the typical check size for investments?
Excel Venture Management typically invests between $1 million and $5 million in its portfolio companies, allowing for flexibility in supporting businesses at various stages of growth.
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