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Investments

8

Funds

1

About Hambrecht Ducera Growth Ventures

HDGV is a venture capital firm led by Bill Hambrecht, Mike Kramer and Thomas Thurston that uses data science to identify early-stage disruptive growth companies.

Hambrecht Ducera Growth Ventures Headquarter Location

499 Park Avenue Suite 1600

New York, New York, 10022,

United States

212-671-9734

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Latest Hambrecht Ducera Growth Ventures News

Tasso Secures $17 Million Series A Financing to Scale Production of At-Home Blood Collection Systems and Capitalize on Growing Demand for Remote Diagnostic Testing

Feb 20, 2021

Funding round led by Hambrecht Ducera Growth Ventures and included Foresite Capital, Merck Global Health Innovation Fund, Vertical Venture Partners, Techstars, and Cedars-Sinai July 22, 2020 08:02 AM Eastern Daylight Time SEATTLE–( BUSINESS WIRE )– Tasso Inc ., a pioneer in clinical-grade, at-home, self-sampling blood collection, today announced it has completed an oversubscribed $17 million Series A financing round. The company will use the proceeds to scale manufacturing and operations to meet the increased demand for its line of innovative Tasso OnDemand devices, which enable people to collect their own blood using a virtually painless process from anywhere at any time. These fast and easy-to-use products are being adopted by leading academic medical institutions, government agencies, comprehensive cancer centers, and pharmaceutical organizations around the world. The Series A financing round was led by Hambrecht Ducera Growth Ventures and included participation from  Foresite Capital ,  Merck Global Health Innovation Fund ,  Vertical Venture Partners ,  Techstars , and  Cedars-Sinai . As part of the investment, Elizabeth Hambrecht, Partner at Hambrecht Ducera Growth Ventures, has joined Tasso’s Board of Directors. To date, Tasso has now raised a total of $38.6 million from grants, private investments, and co-development collaborations. “With its talented team and proven technology platform, Tasso is poised to transform the traditional, painful, in-person blood draw process, which has been the standard of care for the past six decades,” said Ms. Hambrecht. “Tasso continues to consistently exceed our expectations with all of its co-development collaborations, even amid these unprecedented market challenges. We look forward to supporting the Tasso team on its journey to realizing the full potential of its platform.” “The Merck Global Health Innovation Fund was established to enable companies like Tasso, to scale technology platforms with the potential to become integral parts of our global healthcare ecosystem in support of enhancing patient health outcomes,” said Muna Bhanji, Senior Vice President of Global Market Access at Merck. “An important area of focus is the need for innovations that provide more patient-centric approaches to enable collection of reliable and actionable clinical data.” The US telemedicine market was valued at  $6.61 billion in 2019 * and is expected to grow exponentially due to the coronavirus pandemic and rising needs for more efficient, patient-friendly, and remote solutions. Tasso’s OnDemand devices enable people to collect their own blood without any training, all from the comfort and privacy of their home. The samples are then mailed to a CLIA-certified, high-complexity clinical laboratory for analysis. The products are currently being validated for a wide variety of applications, including routine diagnostics, chronic disease monitoring, infectious disease surveillance, athletic and sports testing, virtual clinical trials, global health, and healthcare for under-served populations. “The coronavirus pandemic has underscored the surging demand for more diagnostic solutions that are patient-friendly and can be deployed easily at home,” said Ben Casavant, PhD, CEO and Co-founder of Tasso. “The Tasso OnDemand devices are enabling people to be tested for COVID-19 and many other routine diagnostic applications, from anywhere at any time. This funding round is a strong validation of our approach and will allow us to build on our recent successes and enhance the platform with new value-added services in the future.” About Tasso Tasso is an emerging healthcare company that is transforming the traditional blood collection process with a more convenient and virtually painless approach that focuses on the patient. The company’s OnDemand devices allow people to collect blood with the push of a button from the comfort and privacy of their home, and then mail the samples back to a qualified laboratory for analysis. Headquartered in Seattle, Tasso is privately held and funded by grants from the Defense Advanced Research Projects Agency, Defense Threat Reduction Agency, and the National Institutes of Health, by investments from Hambrecht Ducera Growth Ventures, Merck Global Health Innovation Fund, Foresite Capital, Vertical Venture Partners, Techstars, and Cedars Sinai, and by co-development deals with various industry leaders. For more information, please visit  www.tassoinc.com  and follow  @tassoinc . Tasso, the Tasso logo, and Tasso OnDemand are trademarks of Tasso Inc. All other brands may be trademarks of their respective holders.

Hambrecht Ducera Growth Ventures Investments

8 Investments

Hambrecht Ducera Growth Ventures has made 8 investments. Their latest investment was in Proov as part of their Series A on July 7, 2021.

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Hambrecht Ducera Growth Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/7/2021

Series A

Proov

$6.75M

Yes

1

2/9/2021

Growth Equity

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$99M

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10

11/10/2020

Series C

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$99M

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10

8/19/2020

Series A - II

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$99M

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10

7/22/2020

Series A

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$99M

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10

Date

7/7/2021

2/9/2021

11/10/2020

8/19/2020

7/22/2020

Round

Series A

Growth Equity

Series C

Series A - II

Series A

Company

Proov

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Amount

$6.75M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

1

10

10

10

10

Hambrecht Ducera Growth Ventures Fund History

1 Fund History

Hambrecht Ducera Growth Ventures has 1 fund, including Hambrecht Ducera Healthcare Growth Venture Fund I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

1/9/2019

Hambrecht Ducera Healthcare Growth Venture Fund I

$25M

1

Closing Date

1/9/2019

Fund

Hambrecht Ducera Healthcare Growth Venture Fund I

Fund Type

Status

Amount

$25M

Sources

1

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