Matter Chicago, 60654
On Tuesday, September 29, BreakingVoices.com @StartupCity Chicago streamed live a panel discussion on Healthcare Tech investing hosted by Crain’s Chicago Business blogger John Pletz. The panel discussion took place at MATTER Chicago’s Health Tech Business incubator.
The panel discussed questions investors ask entrepreneurs, offered suggestions for trends in the health IT sector, and shared their stories on investments made to improve health care with technology.
Although the field of medical device investments are shifting to more health services, the panelists shared three most important questions investors ask entrepreneurs. 1. What is the problem? 2. How are you solving it? How will you make money?
ABOUT THE PANEL
Investment in the healthcare startup market is growing rapidly. Digital health companies raised more than $4.1 billion in funding in 2014, a 125 percent increase over the $1.8 billion raised in 2013, according to Rock Health. Moreover, from 2011 to 2014, Illinois saw the most growth in overall deal volume of any state. MATTER and sponsor Crain’s Chicago Business discussion on the current state of healthcare tech investing, the factors that drive investments, and the different types of investment that are catching our panelists’ eyes today.
Moderator John Pletz (Crain’s Chicago Business), and seasoned investors Gale Bowman (IrishAngels), Jan Garfinkle (Arboretum Ventures), and Pete McNerney (co-founder of Thomas, McNerney & Partners) will also discuss what investors look for at each funding stage, the most active categories of healthcare investment, and where future opportunities may lie.
Gale Bowman launched investment group Irish Angels in summer of 2012 and has grown the group to 150 investors and led 16 investments totaling $6 million in seed and Series A capital.
Jan Garfinkle founded healthcare venture capital firm Arboretum Ventures in 2002 and is a managing director. At Arboretum, Jan focuses on promising medical technologies that enable meaningful healthcare system savings.
Peter McNerney has over 30 years of healthcare operating and venture capital experience. In addition to co-founding Thomas, McNerney & Partners, Pete co-founded Coral Ventures in 1992, where he was responsible for healthcare investing.
The panel is moderated by John Pletz who is a senior reporter and blogger for Crain’s Chicago Business, covering high technology and venture capital with a focus on Chicago’s startup scene.