Investments
88Portfolio Exits
23Funds
3About Egan-Managed Capital
Egan-Managed Capital was formed by the Egan family with the objective of helping future entrepreneurs build significant enterprises. Egan-Managed Capital, founded in 1997, has provided funding for nearly 50 early-stage high-technology start-ups, typically situations where the firm can provide tactical and strategic assistance in areas such as technology, finance, and go to market Egan manage three venture capital funds - Egan-Managed Capital I, Egan-Managed Capital II, and Egan-Managed Capital III. Egan-Managed Capital I has $42.8 million of capital and was formed in 1997. The fund made 15 investments and is fully invested or committed. These investments ranged in size from $750,000 to $5 million. Egan-Managed Capital II has $100 million of capital and was formed in 2000. The fund has made 17 investments and is fully invested or committed. These investments ranged in size from $1 million to $6 million. Egan-Managed Capital III has $90 million of capital and was formed in October 2003. The fund is prepared to make investments in the range of $1 million to $6 million, but our preferred initial appetite is between $2 and $3 million.
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Latest Egan-Managed Capital News
Mar 9, 2021
Share Boston-based Healthrageous, which spun out of Partners Health Care in 2008, has announced a $6.5 million second round of funding from North Bridge Venture Partners, Egan-Managed Capital, Long River Ventures, and an undisclosed investor. The health coaching platform company has now raised more than $15 million in funding, including a $6 million first round of funding, which it announced in 2010 at the time it rebranded from HopSkipConnect . The same three investors participated in that first round. Healthrageous plans to use the funds to enhance its user interfaces (both on the web and through its mobile app), analytics engines, and machine learning platform. The company expects this to make the program more personalized for users. Healthrageous' offerings aims to help users prevent and self-manage chronic conditions by incorporating goal setting, health journey maps, gaming dynamics, biometric feedback, and interactive digital coaching that includes inspirational messages, challenges, trackers, reminders, and more. When Healthrageous first came out of beta its sales strategy appeared to be appealing directly to employers , while this still appears to be a key customer group for the company it has also begun working through health plans like Highmark, which is sponsoring a six-month trial at Acosta Sales and Marketing, a self-insured company in Jacksonville, Florida, for diabetes self-management. That pilot leverages Healthrageous' partnership with Telcare for its cellular-enabled glucose meters . MobiHealthNews caught up with Healthrageous CEO Rick Lee just a few weeks ago to discuss the company's strategy and Highmark pilot -- revisit that interview here . Tags:
Egan-Managed Capital Investments
88 Investments
Egan-Managed Capital has made 88 investments. Their latest investment was in Axis as part of their Seed VC on January 1, 2021.
Egan-Managed Capital Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
1/1/2021 | Seed VC | Axis | Yes | |||
8/29/2016 | Unattributed VC - II | HighRoads | $2M | No | 1 | |
6/2/2015 | Series D - II | HighRoads | $3.02M | No | 1 | |
9/23/2014 | Series B | |||||
6/20/2014 | Series F |
Date | 1/1/2021 | 8/29/2016 | 6/2/2015 | 9/23/2014 | 6/20/2014 |
|---|---|---|---|---|---|
Round | Seed VC | Unattributed VC - II | Series D - II | Series B | Series F |
Company | Axis | HighRoads | HighRoads | ||
Amount | $2M | $3.02M | |||
New? | Yes | No | No | ||
Co-Investors | |||||
Sources | 1 | 1 |
Egan-Managed Capital Portfolio Exits
23 Portfolio Exits
Egan-Managed Capital has 23 portfolio exits. Their latest portfolio exit was AppNeta on December 07, 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 |
|---|---|---|---|---|---|
12/7/2021 | Acquired | 9 | |||
10/22/2019 | Acquired | 1 | |||
5/10/2018 | Acquired | 5 | |||
Egan-Managed Capital Fund History
3 Fund Histories
Egan-Managed Capital has 3 funds, including Egan Managed Capital III LP.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
12/31/2003 | Egan Managed Capital III LP | Early-Stage Venture Capital | Closed | $90M | 1 |
12/31/2000 | Egan Managed Capital II LP | ||||
12/31/1997 | Egan Managed Capital I LP |
Closing Date | 12/31/2003 | 12/31/2000 | 12/31/1997 |
|---|---|---|---|
Fund | Egan Managed Capital III LP | Egan Managed Capital II LP | Egan Managed Capital I LP |
Fund Type | Early-Stage Venture Capital | ||
Status | Closed | ||
Amount | $90M | ||
Sources | 1 |
Egan-Managed Capital Team
3 Team Members
Egan-Managed Capital has 3 team members, including current Founder, Managing Partner, Michael H. Shanahan.
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