VCs raise $139M for medical startups

Apr 14, 2014
Austin Business Journal

Venture capital firm Santé Ventures increased the size of its latest fund to $139 million


The Austin-based firm collected the capital for Sante Health Ventures II LP from 17 investors, according to a filing Friday with the U.S. Securities and Exchange Commission


Santé Ventures, founded in 2006, invests exclusively in early-stage companies developing medical technologies or health care delivery models. In 2007, the firm closed its $130 million debut fund


In February, Santé Ventures co-led with New Enterprise Associates a $14 million Series A round of funding for Lumos Pharma Inc., an Austin-based biopharmaceutical development company. Portfolio companies include BioStable Science & Engineering Inc., an Austin-based medical device company developing cardiovascular implants, and biopharmaceutical company Terapio Corp


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