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Profound Ventures, LLC is an investment organization founded in the mid-1990s, dedicated to addressing human pain and emotional suffering through social entrepreneurship. The firm operates from multiple locations across the United States, including Newport Beach, California; Alpine, Utah; Arlington, Texas; and Rockville, Maryland. Profound Ventures aims to create and support ventures that enhance healthcare systems and improve quality of life by developing groundbreaking products and services.
As of now, Profound Ventures focuses on seed-stage investments, primarily in the healthcare sector. The firm has a notable portfolio of six companies, all of which are engaged in addressing significant health issues, particularly chronic pain and emotional suffering. The organization emphasizes the importance of innovative solutions that can reverse the incentives in the healthcare system that profit from sickness rather than promoting health and wellness.
Profound Ventures invests in ventures that specifically tackle chronic pain and emotional suffering, which are significant health issues in the United States. Their investment strategy includes seed funding and focuses on sectors such as diagnostics, digital software, medical devices, and therapeutics. The organization emphasizes the need for predictive and personalized health solutions, aiming to reverse the perverse incentives in the healthcare system that profit from sickness.
The firm seeks to partner with founders who are committed to developing innovative solutions that enhance healthcare quality. Profound Ventures looks for companies that can demonstrate a clear understanding of the healthcare landscape and possess the potential to create impactful products and services. Their investment approach is characterized by a strong alignment with social entrepreneurship principles, focusing on ventures that prioritize improving the quality of life for individuals suffering from chronic pain and emotional distress.
Profound Ventures has a diverse portfolio of six companies, each addressing critical aspects of healthcare and pain management:
These companies represent Profound Ventures' commitment to investing in innovative solutions that address chronic pain and emotional suffering, aligning with their overarching mission to improve healthcare systems.
Brian Meshkin: Managing Partner. Brian has extensive experience in healthcare investment and has led numerous successful ventures in the sector.
Khanh Nguyen: Partner. Khanh brings a wealth of knowledge in healthcare technology and has been instrumental in identifying promising startups.
Cory Weaver: Partner. Cory specializes in operational support and strategic guidance for portfolio companies.
Harvey Castro, MD, MBA: Executive in Residence. Harvey has a medical background and provides insights into clinical applications and healthcare trends.
Glenn Cornett, MD, Ph.D.: Executive in Residence. Glenn offers expertise in medical research and product development, enhancing the firm's investment strategy.
To pitch to Profound Ventures, founders should use the contact form available on their website at profoundvc.com. It is important to include a comprehensive deck that outlines the business model, market opportunity, and team qualifications. The firm values clarity and detail in presentations.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are preferred, as they can facilitate a more favorable review process.
As of March 2023, Profound Ventures continues to actively support ventures that improve healthcare quality and address significant health issues. The firm remains focused on innovative products and services, particularly in the realm of chronic pain management and emotional health.
Recent developments include the ongoing support for portfolio companies such as Proove Genomics and Outcomeus, which are making strides in pain management diagnostics and clinical monitoring, respectively.
What are Profound Ventures' investment criteria?
Profound Ventures focuses on seed-stage investments in companies that address chronic pain and emotional suffering. They seek ventures in sectors such as diagnostics, digital software, medical devices, and therapeutics.
How can I apply or pitch to Profound Ventures?
Founders can pitch their ideas through the Profound Ventures website at profoundvc.com. It is advisable to include a detailed business plan and information about the team and product.
What makes Profound Ventures different from other investors?
Profound Ventures emphasizes social entrepreneurship and aims to reverse the incentives in the healthcare system that profit from sickness. Their focus on chronic pain and emotional suffering sets them apart in the venture capital landscape.
What is the geographic scope of Profound Ventures?
The firm primarily invests in North America, specifically within the United States.
What is the typical check size for investments?
While specific check sizes are not disclosed, Profound Ventures focuses on seed-stage funding, which typically ranges from $100,000 to $2 million.
What kind of post-investment involvement can founders expect?
Profound Ventures provides operational support and strategic guidance to its portfolio companies, leveraging their expertise in healthcare and social entrepreneurship.
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