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Venture Capital
smeal.psu.edu/garber

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Investments

6

Portfolio Exits

1

About Garber Venture Capital Fund

The Garber Fund is one of the nation’s largest and most active student-centric venture fund. Providing MBA students with real-world experience is vitally important to the Farrell Center for Corporate Innovation and Entrepreneurship. As part of its mission, the center oversees the Garber Venture Capital Fund. Established in 1999 with a generous endowment from Dr. John Garber and his wife Bette, this venture fund brings to reality the process of venture capital investing in start-up companies.Second year MBA students have the opportunity to engage in the venture capital process by enrolling in the Entrepreneurial Finance course ENTR 597. Entrepreneurs from several prospective companies pitch their business ideas to the class. From these prospects, students select the companies that are of greatest interest for investment consideration, and form teams to conduct due diligence of those companies during the 7-week course. At the end of the course, the student teams present their findings and investment recommendations to their peers and vote on which of the companies, if any, warrant an investment of up to $100,000 in aggregate. The decision process includes determining an investment vehicle which is most appropriate (debt or equity), the amount of the investment, and other appropriate criteria.

Garber Venture Capital Fund Headquarter Location

State College, Pennsylvania,

United States

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Latest Garber Venture Capital Fund News

Breast imaging device company focuses on improving cancer detection

Oct 20, 2011

Share / Oct 20, 2011 at 9:25 AM A company that has developed imaging technology with the goal of making it easier for doctors to detect breast cancer is using the follow-on funding it received from Ben Franklin Technology Partners earlier this week towards the preliminary phase of clinical trials. Real Time Tomography, a Villanova, Pennsylvania-based company, received $150,000 from “the Bens” after getting $200,000 from the Garber Venture Capital Fund , an MBA student-centric VC fund at the Penn State University’s Smeal College of Business, in May. One of the challenges the company seeks to overcome is the relatively poor quality of 3D tomographic images with digital breast tomosynthesis when they are reconstructed from 2D projection images, said Susan Ng, the CEO of the company. “At the time of my research, reconstruction of a single patient dataset was taking several hours and image quality was very poor. In addition to the technical challenge of image reconstruction was the recognition that the large number of images generated would present a challenge to conventional workflow. It was with these challenges in mind that we developed DRR as both a technical solution to fast image reconstruction and a clinical workflow solution.” Advertisement Ng said she researched several emerging technologies in medical imaging, but digital breast tomosynthesis was a technology that most interested her because of its application to breast cancer detection and its potential to mitigate the problems with mammography without increased radiation dose. She added: “The importance of this study is to show the clinical benefit and to reduce radiation exposure to women. We feel this will definitely show the benefits of Dynamic Reconstruction and Rendering Technology,” Ng said. The DRR technology can view the breast in various planes and at different angles. Early detection of breast cancer is a critical factor in survival. With breast density also an issue, the higher resolution images generated by the DRR technology could make a difference. The company’s products include the Adara 2D image processing and enhancement software for digital mammography and the Briona 3D image reconstruction software for Digital Breast Tomosynthesis. A reader study will involve radiologists reading scans produced with the DRR technology. The company is currently looking to establish a strategic partnership with a manufacturer. Ng, who co-founded Real Time Tomography with Peter Ringer, enjoys the entrepreneurial process, and started the company five years ago after working for Siemens Medical Solutions with  a Small Business in Research (SBIR) grant from the National Institutes of Health . “We were fortunate to have been awarded two SBIR grants from the NIH. Ringer and I had worked together in two previous medical imaging companies, including a startup that was acquired by Siemens.” Ng worked at Siemens for several years until it moved the division overseas, prompting her to launch RTT. The staff engineer is also a former colleague from the same startup. The research engineer has a PhD in medical imaging and the business development director was a sales executive with several years’ experience in women’s imaging. The company’s target customer is a medical equipment manufacturer. Topics

Garber Venture Capital Fund Investments

6 Investments

Garber Venture Capital Fund has made 6 investments. Their latest investment was in Healthy Humans as part of their Seed VC on May 5, 2010.

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Garber Venture Capital Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/18/2010

Seed VC

Healthy Humans

$0.15M

Yes

10/9/2009

Series A

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$99M

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0

Other Investors

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0

Other Investors

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0

Other Investors

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0

Date

5/18/2010

10/9/2009

Round

Seed VC

Series A

Other Investors

Other Investors

Other Investors

Company

Healthy Humans

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Amount

$0.15M

$99M

New?

Yes

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Co-Investors

Sources

0

0

0

0

Garber Venture Capital Fund Portfolio Exits

1 Portfolio Exit

Garber Venture Capital Fund has 1 portfolio exit. Their latest portfolio exit was HireVue on September 03, 2019.

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

9/3/2019

Acq - Fin

$99M

2

Date

9/3/2019

Exit

Acq - Fin

Companies

Valuation

$99M

Acquirer

Sources

2

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