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Venture Capital
affinitycapital.net

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Investments

106

Portfolio Exits

22

Funds

5

About 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.

Affinity Capital Management Headquarter Location

901 Marquette Avenue Suite 2820

Minneapolis, Minnesota, 55402,

United States

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Latest Affinity Capital Management News

Healthcare Veteran Joins MRI Interventions\' Board of Directors

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.

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Affinity Capital Management Investments Activity

investments chart

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

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$99M

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10

8/28/2014

Convertible Note

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$99M

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10

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

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Amount

$0.07M

$7M

$3.05M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Sources

1

2

4

10

10

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

$99M

7

4/6/2021

Acquired

$99M

1

2/6/2018

Acq - Fin

$99M

2

9/8/2017

Acquired

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$99M

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10

2/13/2015

Acquired

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$99M

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10

Date

4/12/2021

4/6/2021

2/6/2018

9/8/2017

2/13/2015

Exit

Acquired

Acquired

Acq - Fin

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

7

1

2

10

10

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

$99M

$41.86M

Acquired

Date

6/17/1999

Investment Stage

Series B

Companies

Valuation

$99M

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

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$99M

10

9/30/2000

Affinity Ventures III LP

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$99M

10

6/19/1997

Affinity Ventures II LLC

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$99M

10

10/23/1993

PSF Health Care Fund LP

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$99M

10

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

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Status

Closed

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Amount

$26M

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

Affinity Capital Management Team

3 Team Members

Affinity Capital Management has 3 team members, including current Chief Financial Officer, Robin M. Dowdle.

Name

Work History

Title

Status

Robin M. Dowdle

Chief Financial Officer

Current

B. Kristine Johnson

General Partner

Current

Gary A Peterson

President

Former

Name

Robin M. Dowdle

B. Kristine Johnson

Gary A Peterson

Work History

Title

Chief Financial Officer

General Partner

President

Status

Current

Current

Former

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