10 Top Healthcare Venture Capital Firms

Doctor using a tablet.

Venture capital investments in the healthcare industry and various innovative healthcare startups have picked up in recent years, making it a better time to get your healthcare company off the ground. 

If you’ve been looking for venture capital firms and VC investment in your startup, you know that there are far too many to count — how do you pick and choose the top healthcare and health tech venture capital firms out there? 

We will cover some of the top healthcare venture capital firms that are investing in healthcare companies today and discuss what types of startups each is likely to invest in. Let’s jump right in! 

Also Recommended: Check out our list of the top venture capital firms.

VCs Investing in Healthcare Companies

As the healthcare industry continues to grow rapidly in the near future, startups and ambitious founders have more opportunities than ever to get the funds they need to hit the ground running. 

If you’re an entrepreneur who’s wondering where to begin when it comes to raising outside capital for your startup, the venture capital firms we’ll cover in the list below can be a great place to start. You’ll notice that most of these firms focus their investments on a combination of healthcare and digital technologies since this bridge has resulted in some of the incredible innovations and new developments within the industry that we see today. 

Partnering with one of these top VCs will get you the startup funding you need to get your company going and provide you with expert connections and industry experience that can be invaluable when growing your business. By talking to experts within these VC firms, founders can skip over the difficult learning curve and get insight and knowledge from individuals who have been through the process themselves.

1. SpringRock Ventures

  • Location: Seattle, Washington
  • Fund Size: $43 Million

SpringRock Ventures is built on the idea that information technology and healthcare are beginning to come together in innovative ways that will forever transform the industry for the better. The investors at SpringRock Ventures are focused on participating in and fostering this next cycle of innovation in the healthcare industry, whether that be companies developing solutions for medical devices, services, genomics, security, oral health, or any number of sectors within the space. 

For any entrepreneurial teams or founders who want to disrupt the healthcare industry by solving important problems, partnering with SpringRock may be a great path forward. They typically invest anywhere from $2 million to $5 million per company.

2. Texo Ventures

  • Location: Austin, Texas
  • Fund Size: N/A

Texo Ventures is a venture capital firm focused on investing in companies innovating within the healthcare industry and striving to combine Health Services with Information Technology. They have an investment focus on early-stage healthcare companies working on chronic disease management, managed care, home healthcare, technology-enabled medical services, functional diagnostics, personalized medicine, and imaging. Their typical investment involves writing a check between $3 million to $10 million and offering Series A+ investment opportunities to startups. 

3. Treehouse Holdings

  • Location: Atlanta, Georgia
  • Fund Size: $3.8 Million

TreeHouse Holdings is a healthcare-focused venture capital firm that aims to invest in innovative service businesses within the healthcare industry and companies developing proprietary technology solutions. They target emerging healthcare companies, markets, and technologies and have direct operational involvement in helping mentor and grow the startups they invest in to support them in being successful within their respective healthcare niche. Treehouse Holdings has invested in telemedicine startup ExamMed and a Stroke and ALCS intervention real-time documentation startup Code Runner, among others. 

4. New Enterprise Associates (NEA)

  • Location: San Francisco, California
  • Fund Size: $21.3 Billion

New Enterprise Associates (NEA) is a well-known venture capital firm based out of San Francisco that has invested in some incredibly popular names such as Hyperion Therapeutics, MasterClass, Coursera, Patreon, MoneyTap, Upwork, and more. They offer venture capital investment to startups within the healthcare and technology sectors. They frequently give seed funding and Series A+ funding to companies they believe are making an impact in their industry. Founders who end up receiving funding and working with NEA will also benefit from their extensive mentorship opportunities, expert guidance, and industry experience and connections. 

5. Illinois Ventures

  • Location: Chicago, Illinois
  • Fund Size: $15.2 Million

Illinois Ventures is a VC firm that is striving to make the world a healthier, more accessible, and more enjoyable place by strategically investing in healthcare and technology. They work closely with the University of Illinois system of alumni and entrepreneurial networks and partner with industry experts and industry leaders in order to help make their investments a success by giving them the guidance and mentorship they need. Illinois Ventures invests in seed, Series A, and Series B rounds with a focus on healthcare and advanced technologies. 

6. Kleiner Perkins

  • Location: San Francisco, California
  • Fund Size: $9.2 Billion

Kleiner Perkins is a venture capital firm that’s known as one of the most prominent investors in the Menlo Park San Francisco Bay Area. They provide seed funding to Series A+ funding for companies within the Life Sciences and Technology sectors, as well as healthcare. 

Over the years, Kleiner Perkins has invested in some of the most iconic companies we know of today, including Google, Twitter, Amazon, Spotify, Slack, Sun Microsystems, Audible, Airbnb, and more. Investors who partner with this incredible VC fund will get an extensive network of connections within the healthcare industry as well as top-of-the-line expert mentorship and support.

7. SV Health Investors

  • Location: Boston, Massachusetts
  • Fund Size: $3.4 Billion

SV Health Investors is a venture capital firm that, as the name suggests, works primarily with companies within the healthcare industry. They invest in companies focused on healthcare growth, biotechnology, medical technology, dementia, and even public equities. Their goal is to transform healthcare one investment at a time and support innovative entrepreneurs and founders who build groundbreaking treatments and companies within the healthcare sector. 

Over the years, SV Health Investors have contributed $3.4 billion to over 75 IPOs and M&As, and have a 28-year track record within the United States and the United Kingdom.

8. Innova

  • Location: Memphis, Tenessee
  • Fund Size: $67.5 Million

Innova Memphis is a venture capital firm that has raised over $67.5 million across multiple funds to invest in healthcare and technology startups. They focus on early-stage companies within the healthcare, biosciences, and agricultural technology sectors. By investing strategically in companies that show innovation and promise, they hope to create high-growth companies within the healthcare, agtech, and technology fields by providing both seed capital and expert mentorship for founders. 

9. Advanced Technology Ventures

  • Location: San Francisco, California
  • Fund Size: $703 Million

Advanced Technology Ventures (ATV) is an investment firm that focuses on funding bio-pharmaceuticals, the medical industry, consumer technology, and infrastructure startups. This is another famous Menlo Park San Francisco Bay firm that has been operating since 1979 and has invested in high-profile companies in clean technology, healthcare, and information technology. Some of the most notable exits ATV has had include Cedexis, which was acquired by Cisco; Actifo, which was sold to Google; and Tripwire, which ended up being sold to Belden. 

If you’re a founder who wishes to partner with a long-standing firm that has a great reputation and a solid track record of investment, you can’t go wrong with Advanced Technology Ventures.

10. Quaker Partners

  • Location: Philadelphia, Pennsylvania
  • Fund Size: $400 Million

Quaker Partners is a healthcare investment firm located on the East Coast of the United States that invests in companies within the healthcare industry at all stages of development. When looking for investment, it’s absolutely critical that you try to find investors who have experience in the industry and can provide valuable feedback and be a mentor when the time requires it. Fortunately, the investors at Quaker Partners have industry experience in healthcare services, pharmaceuticals, biotechnology, human diagnostics, and medical devices. 

You Might Also Like…