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Laerdal Million Lives Fund is a $100 million venture capital fund established in 2021 by the Laerdal family and its operating companies, including Laerdal Medical and Laerdal Global Health. The fund is based in the United States and focuses on investing in commercial-stage healthcare technology companies. Its mission is to save 1 million lives per year by 2030 through investments that improve healthcare delivery, access, education, and outcomes globally.
The fund embodies the Laerdal group's broader "One Million Lives" initiative, which emphasizes global health equity. Laerdal Medical is a leader in CPR and emergency care training equipment, while Laerdal Global Health focuses on maternal and neonatal care in developing countries. This strong institutional backing enhances the fund's credibility and impact in the healthcare technology sector.
Laerdal Million Lives Fund targets technologies that enhance access, affordability, and quality of healthcare. The fund's investment strategy includes a focus on medical education, remote patient monitoring, tech-enabled care delivery models, and predictive analytics tools. It particularly emphasizes underserved clinical areas such as maternal health, neonatal care, emergency medicine, and critical care.
The fund invests across various stages, including pre-seed, seed, seed+ (extension), Series A, and growth equity. Check sizes typically range from $1 million to $10 million, with a sweet spot around $2.5 million. The fund aims to build a portfolio of 15 to 20 companies, allowing for both lead and co-investment opportunities.
Laerdal Million Lives Fund has invested in a diverse range of healthcare technology companies. Notable portfolio companies include:
The fund's portfolio reflects its commitment to addressing critical healthcare challenges through innovative technology.
Jeff Trost: Managing Partner with extensive experience in venture capital and healthcare investments.
Becca Shmukler: Partner, known for her work in healthcare technology and investment strategy.
Jacob Johnson: Principal, focusing on identifying and evaluating investment opportunities in healthcare.
Rhiya Pau: Principal, with expertise in healthcare innovation and market analysis.
Tory Patterson: Venture Advisor, bringing a wealth of knowledge from previous roles in healthcare investment.
Trond Riiber Knudsen: Venture Advisor, experienced in healthcare technology and business development.
Chelsea Clinton: Venture Advisor, known for her advocacy in health equity and public health initiatives.
Andrew Farnum: Venture Advisor, with a background in healthcare startups and investment.
To pitch Laerdal Million Lives Fund, founders should submit their proposals through the fund's website or via email. A comprehensive pitch deck is essential, detailing the technology, market need, and team qualifications. The fund prefers to see clear alignment with its mission of improving healthcare delivery and health equity.
Response times can vary, but founders should expect to hear back within a few weeks. Warm introductions are beneficial but not mandatory.
In February 2022, Laerdal Million Lives Fund made a significant investment in Reliance HMO, a Nigerian digital health insurance platform. This investment aligns with the fund's mission to improve healthcare access in emerging markets.
In 2021, the fund participated in a $21 million funding round for RapidSOS, enhancing its portfolio in emergency response technology.
Additionally, the fund has been actively involved in supporting its portfolio companies through strategic guidance and market insights, leveraging its connections in the healthcare sector.
What are the investment criteria for Laerdal Million Lives Fund?
The fund focuses on commercial-stage healthcare technology companies that enhance access, affordability, and quality of care. It particularly seeks technologies that address underserved clinical areas.
How can I pitch to Laerdal Million Lives Fund?
Founders can reach out via the fund's website at laerdalmillionlives.com or email at info@laerdalmillionlives.com. A detailed pitch deck should be included, outlining the technology, market need, and team.
What makes Laerdal Million Lives Fund different from other investors?
The fund is backed by Laerdal Medical, a leader in emergency care training, which provides unique insights and connections in the healthcare sector. Its mission-driven approach focuses on saving lives and improving health equity.
What is the geographic scope of the fund?
While primarily based in the United States, Laerdal Million Lives Fund has documented activity in global markets, including Africa.
What is the typical check size for investments?
Check sizes typically range from $1 million to $10 million, with a sweet spot around $2.5 million per investment.
What kind of support does the fund provide to portfolio companies?
The fund offers strategic support by leveraging its extensive network in the healthcare sector, providing insights into market needs, and facilitating connections with key stakeholders.
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