Intuitive Ventures – an early-stage fund investing in companies reimagining the future of minimally invasive care – recently announced the closing of $150 million for its second fund. Through Fund II, Intuitive Ventures will invest in visionary founders who are passionate about creating transformative value across three areas of investment focus:
— Improving access and coordination – Lower the barriers to care through driving efficient, cost-effective, accessible, and coordinated care
— Precision diagnostics and interventions: utilizing the convergence of MedTech, life sciences, and therapeutics to drive precise diagnostics and interventions
— Secure and enriched digital ecosystems: unlocking the potential of novel healthcare data to enhance minimally invasive care
In 2020, Intuitive Surgical launched a separately-chartered entity called Intuitive Ventures, funding its inaugural $100 million financially-motivated fund. And since launch, the team has invested in over ten transformative startups that have gained exciting momentum and created value across the care continuum. Fund II will continue this successful strategy, and Intuitive Ventures will invest in a brand new vintage of visionary startups while drawing on Intuitive Surgical’s network and corporate oversight.
Intuitive Ventures Fund II will be led by Murielle Thinard McLane – who joined the team earlier this year. McLane is a seasoned operator and executive with over 20 years of experience building and scaling organizations as an investor, entrepreneur, and Fortune 500 executive. McLane takes over the role of Managing Partner and Head of Intuitive Ventures from Oliver Keown, MD – who has decided to pursue a new chapter in entrepreneurship as a startup founder and CEO. Dr. Keown will continue his support of new and existing investments as a Venture Partner with the firm.
KEY QUOTES:
“We are proud of the strides achieved by the Ventures team over the past three years. They have been instrumental in accelerating innovation in minimally invasive care and diligent in advising their portfolio companies. The Ventures team is a key member of our Future Forward group, who identify and foster innovations in minimally invasive care. Fund II deepens Intuitive’s commitment to the broad ecosystem of innovators working to improve patient outcomes.”
— Gary Guthart, CEO of Intuitive Surgical
“It’s an honor to lead Intuitive Ventures in this next stage of growth, and continue to develop our portfolio of transformative companies and high-quality investment partners. We take great pride in serving as value-add investors, providing unique strategic perspectives, and aligning our success with the success of our portfolio companies and fellow investors. With Fund II, Intuitive Ventures will further scale its impactful approach, and help accelerate the creation of innovative minimally invasive care solutions.”
— Murielle Thinard McLane
