2008-07-15 06:00:00
Venture Firm Invests at the Convergence of Life Science and Lifestyle
SAN FRANCISCO–(EMWNews)–Physic Ventures (www.physicventures.com)
today announced the closing of Physic Ventures, LP, a $159 million
venture capital fund that invests in science-based, consumer-directed
health and sustainable living companies. Physic Ventures “invests
in keeping people healthy” and provides
capital and expertise to early-stage companies that develop enabling
technologies, branded products and innovative distribution channels.
Physic Ventures has made five investments since its first close in April
2007, including Pharmaca Integrative Pharmacy Inc. (www.pharmaca.com),
Expresso Fitness (www.expresso.com),
Elixir Pharmaceuticals (www.elixirpharm.com),
Dreamerz Foods (www.dreamerz.com),
and Novomer (www.novomer.com). Each
company reflects the firm’s strategy to invest
in technology-driven businesses that enable prevention, prediction,
performance, and personalization of personal and planetary health
solutions in the consumer market.
“The substantial support we received from high caliber limited partners,
both institutional and strategic, is a vote of confidence for our
strategy to grow businesses that capitalize on major shifts in the
healthcare environment,” said William Rosenzweig, Managing Director,
Physic Ventures. “We are gratified that we
exceeded our fundraising target and attracted a diverse group of
experienced investors to our partnership.”
Dion Madsen, Managing Director, said “There
are pressing challenges in today’s health and
sustainability climate that require scientific discovery and
entrepreneurial innovation and an ability to bring new technologies to
an increasingly consumer-centric market. We believe this presents
opportunities and a wave of emerging, burgeoning markets for the
development of technologies, products and services that address these
issues and, therefore, can result in substantial returns for our
investors.”
Physic Venture’s six-person investment team
brings together a unique blend of investment and company building
expertise in life science, materials science, healthcare and consumer
marketing. The firm plans to deploy between $7-12M per company and will
develop a portfolio of 14-16 companies with this fund.
About Physic Ventures
Physic Ventures (www.physicventures.com)
is a venture capital firm that provides capital and support to
entrepreneurs focused on building exceptional science-based,
consumer-directed health and sustainable living companies. The firm’s
strategy is to capitalize on major economic, social and political trends
shaping the landscape of personal and planetary health, including the
rapid migration toward a consumer-driven, prevention-oriented
“self-care” paradigm. Physic Ventures is based in San Francisco, CA.
Galaxy Six Strategies for Physic Ventures |
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