Investments
106Portfolio Exits
22Funds
5About Affinity Capital Management
Affinity Capital Management is a venture capital firm specializing in investments in all phases of company's development including start-up, seed, and growth capital investments. It invests in private companies. The firm invests in health care with a focus on the medical device, biotech, health care service, and health care information technology sectors. It seeks to invest in United States with a focus on companies located in the Upper Midwest. Affinity Capital Management was founded in 1993 and is based in Minneapolis, Minnesota.

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Latest Affinity Capital Management News
Sep 30, 2019
Healthcare Veteran Joins MRI Interventions' Board of Directors New member currently is president of Affinity Capital Management. Related CONTENT Globe Newswire09.30.19 MRI Interventions Inc. has appointed B. Kristine Johnson to its Board of Directors, effective Sept. 1. Johnson, president of Affinity Capital Management, a venture firm that invests primarily in healthcare companies, brings more than 35 years of healthcare management leadership. In addition to serving as president of Affinity Capital Management, Johnson serves on the board of Piper Jaffray Companies, an investment bank and asset management firm, and AtriCure Inc., a medical device company providing technologies for the treatment of atrial fibrillation and related conditions. She also served on the board of The Spectranetics Corporation prior to its acquisition by Royal Philips in 2017. "We are thrilled to have Kris join our Board, and we can't wait to have the benefit of her expertise as we continue to build our company into the next substantive and diversified player in the neuro medical device space," commented Joe Burnett, president and CEO of MRI Interventions. "Kris' exposure to many facets of a world class organization like Medtronic makes her an ideal addition for our small but dynamic company, as her experience will allow us to see around corners as we grow and evolve. We are proud to have Kris as a part of MRI Interventions." Prior to serving as a consultant and subsequently as president of Affinity Capital Management since 2000, Johnson was employed for 17 years at Medtronic Inc., a manufacturer of cardiac pacemakers, neurological and spinal devices, and other medical products, serving most recently as senior vice president and chief administrative officer. Her experience at Medtronic also includes service as president of the vascular business and president of the tachyarrhythmia management business, among other roles. Johnson earned a bachelor’s degree, summa cum laude, from St. Olaf College. She is also a recipient of the college’s Distinguished Alumni Award. “I look forward to working with the team at MRI Interventions to advance the company’s mission of enabling the effective and efficient use of minimally invasive interventions to improve care for patients suffering from a variety of neurological and other conditions,” said Johnson. “With a strong emphasis on building out commercial applications of its core technology, I believe the company is poised for growth.” MRI Interventions is a platform company for MRI-guided neurosurgery procedures, including deep-brain stimulation, ablation, aspiration, biopsy, and gene therapy delivery. The ClearPoint Neuro Navigation System is cleared by the U.S. Food and Drug Administration and CE marked, and is installed in more than 55 surgical centers in the United States. To date, nearly 3,000 procedures have been performed leveraging the sub-millimetric accuracy of the ClearPoint platform.
Affinity Capital Management Investments
106 Investments
Affinity Capital Management has made 106 investments. Their latest investment was in Parrot.MD as part of their Unattributed VC on November 11, 2019.

Affinity Capital Management Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
11/8/2019 | Unattributed VC | Parrot.MD | $0.07M | Yes | 1 | |
10/2/2019 | Series B - II | Spineology | $7M | No | 2 | |
4/5/2019 | Series B | Zipnosis | $3.05M | No | 4 | |
8/17/2018 | Series A - II | |||||
8/28/2014 | Convertible Note |
Date | 11/8/2019 | 10/2/2019 | 4/5/2019 | 8/17/2018 | 8/28/2014 |
---|---|---|---|---|---|
Round | Unattributed VC | Series B - II | Series B | Series A - II | Convertible Note |
Company | Parrot.MD | Spineology | Zipnosis | ||
Amount | $0.07M | $7M | $3.05M | ||
New? | Yes | No | No | ||
Co-Investors | |||||
Sources | 1 | 2 | 4 |
Affinity Capital Management Portfolio Exits
22 Portfolio Exits
Affinity Capital Management has 22 portfolio exits. Their latest portfolio exit was Respicardia on April 12, 2021.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
4/12/2021 | Acquired | 7 | |||
4/6/2021 | Acquired | 1 | |||
2/6/2018 | Acq - Fin | 2 | |||
Date | 4/12/2021 | 4/6/2021 | 2/6/2018 | ||
---|---|---|---|---|---|
Exit | Acquired | Acquired | Acq - Fin | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 7 | 1 | 2 |
Affinity Capital Management Acquisitions
1 Acquisition
Affinity Capital Management acquired 1 company. Their latest acquisition was Provation on June 17, 1999.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
6/17/1999 | Series B | $41.86M | Acquired |
Date | 6/17/1999 |
---|---|
Investment Stage | Series B |
Companies | |
Valuation | |
Total Funding | $41.86M |
Note | Acquired |
Sources |
Affinity Capital Management Fund History
5 Fund Histories
Affinity Capital Management has 5 funds, including Affinity Ventures V LP.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
3/31/2008 | Affinity Ventures V LP | Multi-Stage Venture Capital | Closed | $26M | 1 |
9/29/2004 | Affinity Ventures IV LP | ||||
9/30/2000 | Affinity Ventures III LP | ||||
6/19/1997 | Affinity Ventures II LLC | ||||
10/23/1993 | PSF Health Care Fund LP |
Closing Date | 3/31/2008 | 9/29/2004 | 9/30/2000 | 6/19/1997 | 10/23/1993 |
---|---|---|---|---|---|
Fund | Affinity Ventures V LP | Affinity Ventures IV LP | Affinity Ventures III LP | Affinity Ventures II LLC | PSF Health Care Fund LP |
Fund Type | Multi-Stage Venture Capital | ||||
Status | Closed | ||||
Amount | $26M | ||||
Sources | 1 |
Affinity Capital Management Team
4 Team Members
Affinity Capital Management has 4 team members, including , .
Name | Work History | Title | Status |
---|---|---|---|
Edson W. Spencer, Jr. | Founder | Current | |
Name | Edson W. Spencer, Jr. | |||
---|---|---|---|---|
Work History | ||||
Title | Founder | |||
Status | Current |