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Office Locations:
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800 Fifth Avenue, 10th Floor
Seattle, WA 98104
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Information Technology
Life Sciences & Healthcare
Medical Device
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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.
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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
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COMPANY STAGE | REVENUE |
Venture Capital | |
Seed Stage (includes "pre-seed," or concept stage) | No Revenue |
Early Stage | Minimal 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 |
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