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Intuitive Ventures closed a $150 million funding spherical to assist early-stage minimally invasive care corporations.
Surgical robotics pioneer Intuitive Surgical launched Intuitive Ventures with $100 million in funding greater than three years in the past. The early-stage fund earmarked its newest spherical of funding, labeled “Fund II,” for 3 areas of funding focus. It desires to assist improved entry and coordination, precision diagnostics and interventions and safe, enriched digital ecosystems.
Intuitive Ventures stated 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 assist diagnostics and interventions, too. The fund additionally hopes to make use of the potential of novel healthcare knowledge to reinforce minimally invasive care.
“We’re happy with the strides achieved by the Ventures staff over the previous three years. They’ve been instrumental in accelerating innovation in minimally invasive care and diligent in advising their portfolio corporations,” stated Gary Guthart, CEO of Intuitive Surgical. “The Ventures staff 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
For the reason that launch of Intuitive Ventures in 2020, the fund has offered assist to greater than 10 “transformative startups,” Intuitive stated. It expects Fund II to proceed the group’s profitable technique and put money into new, visionary startups. These startups even have entry to the Intuitive Surgical community and company oversight.
The corporate stated it chosen Murielle Thinard McLane, who joined the staff earlier this 12 months, to steer the fund. She takes over as managing companion 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 companion.
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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 development, and proceed to develop our portfolio of transformative corporations and high-quality funding companions,” she stated. “We take nice satisfaction in serving as value-add traders, offering distinctive strategic views, and aligning our success with the success of our portfolio corporations and fellow traders. With Fund II, Intuitive Ventures will additional scale its impactful method, and assist speed up the creation of modern minimally invasive care options.”
Editor’s Word: This text was republished from our sister publication MassDevice.