We back visionary public companies that have the potential to become market leaders in their technology category.
We invest $10-$60 million in companies with the key criteria that maximize the probability of technological leadership and public market valuation.
Under $500 million in market cap looking to complete follow-on financings of $10-$60 million via PIPE, registered and at-the-market offerings.
Initial public offerings (IPOs) of private companies seeking to raise $20-$60 million.
Pre-IPO equity financings of $5-$15 million for private companies committed to an IPO within the next 12-18 months.
Our Investment Criteria
Well-defined technology differentiation to enable leadership in a new category.
Large Market Potential
Large market opportunity ($1B+) and/or solves big unmet need.
Core technology deployed across different vertical markets or indications.
Early Inflection Point
Reasonable timeline and cost required to validate technology feasibility.
Clear Market Insertion
Explicit benefits drive adoption across the value chain (channel partners.)
Strong IP Position
Robust, defensible intellectual property position with broad claims covering the invention.
Top Management & Board
Experienced, results-driven management with clarity of purpose and interests aligned with shareholders.
Clarity of Purpose
Effective communication to articulate vision and why company can become a market leader.