What we’re looking for…
1. Founders who combine distinctive insights with an ambitious long-term vision
We’re looking for founding teams that have a unique insight into the problem they’ve identified, and a distinctive approach around how they’re solving it. They need not be healthcare experts but do need to have developed a strong picture of the stakeholders, economics and key enablers for success in the market in which they’re operating. We’re looking for founders who can articulate a phenomenal long-term vision while having the ability to execute relentlessly in the short term.
2. Large initial market with the potential to expand into adjacencies
Health systems across the world have a lot in common. There are also crucial distinctions. We invest in companies targeting problems that are universal, allowing them to build global businesses over the long term. We’re looking for a clear, top-down, perspective on why the market is compelling and a strong bottom-up analysis demonstrating its size and how to access it. Finally, we get excited about companies entering markets that are flying under the radar, providing the time to create a defensible competitive advantage.
3. Compelling value proposition with a route to scale
We recognise that products evolve as companies learn more about what their customers value. We get excited about product visions that create a step-change in impact for users, be it clinical, operational or financial. We want to understand how the product will capture value at scale, and how assumptions have beeen tested.
Stage of investing
Seed to Series A specialists; we lead and co-invest
Typical investment amount
$500K – $3M
We invest across the US and Europe
Area of investing
We invest across digital health, health IT and services