Company Focus
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.
Public Companies
Under $500 million in market cap looking to complete follow-on financings of $10-$60 million via PIPE, registered and at-the-market offerings.
IPOs
Initial public offerings (IPOs) of private companies seeking to raise $20-$60 million.
Private Companies
Pre-IPO equity financings of $5-$15 million for private companies committed to an IPO within the next 12-18 months.
Our Investment Criteria
Unique Technology
Well-defined technology differentiation to enable leadership in a new category.
Large Market Potential
Large market opportunity ($1B+) and/or solves big unmet need.
Platform Technology
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.