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Venture Capital
egancapital.com

Investments

88

Portfolio Exits

23

Funds

3

About 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.

Headquarters Location

30 Federal Street

Boston, Massachusetts, 02110,

United States

617.695.2600

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Latest Egan-Managed Capital News

Healthrageous scoops up $6.5 million to personalize health coaching

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.

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Egan-Managed Capital Investments Activity

investments chart

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

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$99M

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10

6/20/2014

Series F

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$99M

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10

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

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Amount

$2M

$3.02M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Sources

1

1

10

10

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

$99M

9

10/22/2019

Acquired

$99M

1

5/10/2018

Acquired

$99M

5

8/23/2017

Acq - Fin

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$99M

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10

10/13/2016

Acquired

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$99M

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10

Date

12/7/2021

10/22/2019

5/10/2018

8/23/2017

10/13/2016

Exit

Acquired

Acquired

Acquired

Acq - Fin

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

9

1

5

10

10

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

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$99M

10

12/31/1997

Egan Managed Capital I LP

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$99M

10

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

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Status

Closed

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Amount

$90M

$99M

$99M

Sources

1

10

10

Egan-Managed Capital Team

3 Team Members

Egan-Managed Capital has 3 team members, including current Founder, Managing Partner, Michael H. Shanahan.

Name

Work History

Title

Status

Michael H. Shanahan

Founder, Managing Partner

Current

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Name

Michael H. Shanahan

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Work History

Title

Founder, Managing Partner

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Status

Current

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