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Intuitive Ventures closed a $150 million funding spherical to help early-stage minimally invasive care corporations.
Surgical robotics pioneer Intuitive Surgical launched Intuitive Ventures with $100 million in funding more than three years ago. The early-stage fund earmarked its newest spherical of funding, labeled “Fund II,” for 3 areas of funding focus. It desires to help improved entry and coordination, precision diagnostics and interventions and safe, enriched digital ecosystems.
Intuitive Ventures mentioned it goals to decrease the limitations to care with environment friendly, cost-effective, accessible care. By leveraging the intersection of medtech, life sciences and therapeutics, it believes it might help diagnostics and interventions, too. The fund additionally hopes to make use of the potential of novel healthcare knowledge to boost minimally invasive care.
“We’re happy with the strides achieved by the Ventures workforce over the previous three years. They’ve been instrumental in accelerating innovation in minimally invasive care and diligent in advising their portfolio corporations,” mentioned Gary Guthart, CEO of Intuitive Surgical. “The Ventures workforce is a key member of our future ahead group, who establish and foster improvements in minimally invasive care. Fund II deepens Intuitive’s dedication to the broad ecosystem of innovators working to enhance affected person outcomes.”
Extra about Intuitive Ventures and its management
Because the launch of Intuitive Ventures in 2020, the fund has supplied help to greater than 10 “transformative startups,” Intuitive mentioned. It expects Fund II to proceed the group’s profitable technique and spend money on new, visionary startups. These startups even have entry to the Intuitive Surgical community and company oversight.
The corporate mentioned it chosen Murielle Thinard McLane, who joined the workforce earlier this yr, to steer the fund. She takes over as managing accomplice and head of Intuitive Ventures from Dr. Oliver Keown. Keown determined to pursue a brand new alternative as a startup founder and CEO however intends to proceed supporting the fund as a enterprise accomplice.
Thinard McLane brings greater than 20 years of expertise constructing and scaling organizations. Her previous consists of time spent as an investor, entrepreneur and Fortune 500 government.
“It’s an honor to steer Intuitive Ventures on this subsequent stage of progress, and proceed to develop our portfolio of transformative corporations and high-quality funding companions,” she mentioned. “We take nice satisfaction in serving as value-add buyers, offering distinctive strategic views, and aligning our success with the success of our portfolio corporations and fellow buyers. With Fund II, Intuitive Ventures will additional scale its impactful strategy, and assist speed up the creation of progressive minimally invasive care options.”
Editor’s Observe: This text was republished from our sister publication MassDevice.