Three Leaf Ventures Gains Momentum in 2015; Targets Future Investments in Genomics and Mobile Technology
By Business Wire News
By Business Wire News
Three Leaf Ventures, an affiliate of The Broe Group established to invest in transformative healthcare technology, showed significant progress in 2015. Funds were delivered to several new companies and provided to existing investments to support their growth and progress. The firm plans to expand its focus on medical technology start-ups in the areas of genomics, telemedicine software and hardware, health IT, patient centered tools and services in 2016.
“2015 was a phenomenal year for Three Leaf Ventures. Our companies have made significant progress in terms of value growth. We continue to see tremendous potential from entrepreneurs taking a creative approach to addressing problems in our healthcare system and we expect 2016 will have no shortage of these opportunities,” said Sean Kearney, Managing Director of Three Leaf Ventures.
Highlights for 2015 include:
- Invested in the $35 million Series B Funding round of Scanadu Inc., the Silicon Valley based company that is building a platform of consumer tools and services including the creation of an FDA approved blood pressure device for consumers.
- Participated in the seed investment round of $2 million for Cohero Health, a digital health company focused on developing connected health tools and technologies to empower respiratory patients and improve care through smart mobile devices
- The Initial Public Offering of Invitae, a San Francisco-based genetic information company that Three Leaf Ventures supported in a round of private funding.
- Cypher Genomics, a genome informatics firm Three Leaf Ventures invested in, was acquired by Human Longevity, a genomics-based, technology-driven company.
“We are at the start of what will be a transformative era for how we view and manage our individual health. I am excited about the innovations that are only beginning to take place in medicine and related fields,” said Kiki Broe, Senior Associate at Three Leaf Ventures.
About Three Leaf Ventures
Three Leaf Ventures, the technology investment affiliate of The Broe Group, supports growing companies in their effort to address the many issues that exist in managing health. Today, as never before, technology can be leveraged to significantly reduce the frictions present in our healthcare system. Three Leaf Ventures and The Broe Group aim to partner with entrepreneurs from vision to fruition.
About The Broe Group
The Broe Group and its affiliates, based in Denver, Colorado, employ more than 1,000 people and manage real estate throughout North America. Its transportation affiliate, OmniTRAX, Inc., is a leading logistics services firm with railroad, port and terminal operations throughout North America, including the Great Western Railway Company. Its energy affiliate, Great Western Oil & Gas Company, is a top 100 driller in the U.S. For more information, see www.broe.com.