CVC  Providence Ventures

http://www.providenceventures.org/





     Office Locations:

800 Fifth Avenue, 10th Floor
Seattle, WA 98104

 

Stages:

  • Early
  • Growth


 

Industries:

  • Information Technology
  • Life Sciences & Healthcare
  • Medical Device

  •  

    Description:

    Founded in 2014, Providence Ventures (PV) manages $300 million of venture capital across two funds on behalf of Providence Saint Joseph Health. The fund is designed to achieve venture class returns through direct investments in innovative healthcare companies that improve quality and convenience, lower cost and improve health outcomes. PV offers investment capital, combined with health system expertise, to companies addressing existing and emerging pain points in healthcare. PV partners with our portfolio companies to refine existing solutions, while expanding their adoption within and beyond our health system. The firm targets early- to mid-stage investment opportunities, preferring to be one of the first institutional investors in a company. About $5 to $15 million is invested in each target company.


     

    Funds:


      Fund Name


      Amount


      Date

    Get funds under management for this firm including Fund name, Dollar size of fund raise, and Vintage with a National Database subscription.



    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Revenue
    Growth Stage
    (also called Mid-stage)
    $2M-$7M
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B
       
       
     

    Investment Team:


    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Aaron Martin Managing General Partner
    Cyril Philip Principal
    Dan Galles Partner
    David Kereiakes Partner
    Jeff Stolte Senior Partner

     

    Recent Funding Events (trailing 12 months):


      Date


      Name


      State


      Amount


      Stage


      11/21/2024


      TailorMed


      NY


      $40,000,000


      Venture Debt & Equity


      05/02/2024


      Livara Health


      CA


      $15,000,000


      Series B


      04/02/2024


      Praia Health


      IL


      $20,000,000


      Series A


     

    Portfolio companies include:


      Bolder Surgical
        web link


      Collective Medical


      DexCare
        web link


      Gauss Surgical
        web link


      Kyruus


      Livara Health
        web link


      Lyra Health
        web link


      N-of-One
        web link


      Omada Health
        web link


      Praia Health
        web link


      Protenus


      SpineZone
        web link


      TailorMed
        web link


      Twistle


      Wildflower Health
        web link


      Xealth


     

    Recent News: