Intuitive Ventures Closes $150 Million Fund II to Continue Investment in Startups Reimagining Minimally Invasive Care
Intuitive Ventures, an early-stage fund investing in companies reimagining the future of minimally invasive care, today announced the close of $150 million for its second fund. With 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: lowering the barriers to care through driving efficient, cost-effective, accessible and coordinated care
- Precision diagnostics and interventions: leveraging the convergence of MedTech, life sciences, and therapeutics to drive precise diagnostics and interventions
- Secure, enriched digital ecosystems: unlocking the potential of novel healthcare data to enhance minimally invasive care
"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," said Gary Guthart, CEO of Intuitive Surgical. "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."
In 2020, Intuitive Surgical launched a separately-chartered entity, Intuitive Ventures, funding its inaugural $100 million financially-motivated fund. Since launch, the team has invested in more than 10 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.
Going forward, Intuitive Ventures Fund II will be led by Murielle Thinard McLane, who joined the team in early 2023. Murielle is a seasoned operator and executive with over 20 years experience building and scaling organizations as an investor, entrepreneur and Fortune 500 executive. Murielle 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. Oliver will continue his support of new and existing investments as a Venture Partner with the firm.
Said Thinard McLane, "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."
About Intuitive Ventures
Intuitive Ventures invests in companies reimagining the future of minimally invasive care. Our global focus spans diagnostics, MedTech, therapies, and digital health. With $250 million in assets under management, we back teams that share our passion for advancing positive patient outcomes, improving provider experience, and increasing the efficiency of healthcare delivery. Intuitive Ventures' experience as operators and clinicians combined with unique access to Intuitive Surgical's technical and commercial reach enables our portfolio companies to revolutionize the delivery of patient care. Intuitive Ventures was launched in 2020 with its $100 million inaugural fund. More information and future updates can be found at: www.intuitive-ventures.com.
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