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Venture Capital
hlmvp.com

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Investments

221

Portfolio Exits

71

Funds

11

Partners & Customers

1

About HLM Venture Partners

HLM Venture Partners is a venture capital health care investor that focuses on investments in medical-device and healthcare information technology firms. It seeks investment opportunities in private companies that focus on improving the quality of health care while reducing overall costs. Its expertise include (1) Information technology solutions that automate administrative processes, (2) Technologies that reduce medical errors and improve patient outcomes, (3) Solutions to the shortage of qualified medical professionals, (4) Specialty services, particularly solutions for Medicaid, Medicare and uninsured populations, (5) Human capital management and employee self-service solutions, (6) Drug and medical device combinations that improve patient outcomes and compliance, (7) Personalized therapies, aimed particularly at cancer, central nervous system and other chronic diseases, (8) Diagnostic and therapeutic product combinations that confirm the presence of disease and guide therapeutic interventions.

HLM Venture Partners Headquarter Location

116 Huntington Avenue 9th Floor

Boston, Massachusetts, 02116,

United States

617-266-0030

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Latest HLM Venture Partners News

mPulse Mobile Receives Growth Investment; Acquires HealthCrowd

Jan 10, 2022

mPulse Mobile , a Los Angeles, CA-based leader in conversational AI and digital engagement solutions for the healthcare industry, received a growth investment of undisclosed amount. Backers included PSG, Optum Ventures, OCA Ventures, HLM Venture Partners, Echo Health Ventures, SJF Ventures and Bonfire Ventures. Mark Emkjer, former CEO of WebMD, will be joining the board as Chairman, and Scott Heimes, former CMO of Zipwhip, recently acquired by Twillio will be joining as a board member. The new funding will aim to accelerate mPulse’s go-to-market expansion, enable innovation across its health engagement solutions and accelerate organic and inorganic growth opportunities. The company also acquired HealthCrowd, a communications platform-as-a-service innovator focused primarily on the Medicaid market. The combined company has health engagement capabilities across a number of measurements to transform how healthcare organizations improve both outcomes and the consumer experience through digital touchpoints. Led by Chris Nicholson, CEO, mPulse Mobile provides a healthcare Conversational AI platform that combines with health education for the streaming age to deliver tailored digital health engagement that nurtures, educates, and activates healthcare consumers. The company has 150+ healthcare customers and 500 million conversations annually. HealthCrowd is a consumer engagement company that seeks to orchestrate healthcare communications to drive healthy actions and consumer satisfaction while managing compliance. Its technology platform enables organizations across the healthcare spectrum to control, coordinate and analyze all communications to their members and patients. FinSMEs 10/01/2022

HLM Venture Partners Investments

221 Investments

HLM Venture Partners has made 221 investments. Their latest investment was in Blue Rabbit Ventures as part of their Series B on January 1, 2022.

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HLM Venture Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/20/2022

Series B

Blue Rabbit Ventures

$13.64M

Yes

1

1/10/2022

Series D

mPulse Mobile

No

1

9/28/2021

Series D

Wayspring

$75M

Yes

14

7/21/2021

Series B

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$99M

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10

6/7/2021

Series D

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$99M

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10

Date

1/20/2022

1/10/2022

9/28/2021

7/21/2021

6/7/2021

Round

Series B

Series D

Series D

Series B

Series D

Company

Blue Rabbit Ventures

mPulse Mobile

Wayspring

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Amount

$13.64M

$75M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

1

1

14

10

10

HLM Venture Partners Portfolio Exits

71 Portfolio Exits

HLM Venture Partners has 71 portfolio exits. Their latest portfolio exit was mPulse Mobile on January 10, 2022.

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

1/10/2022

Acq - Fin

1

11/2/2021

Merger

6

10/21/2021

Acquired

$99M

5

10/7/2021

Acquired

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10

10/13/2020

Corporate Majority

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10

Date

1/10/2022

11/2/2021

10/21/2021

10/7/2021

10/13/2020

Exit

Acq - Fin

Merger

Acquired

Acquired

Corporate Majority

Companies

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Valuation

$99M

Acquirer

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Sources

1

6

5

10

10

HLM Venture Partners Acquisitions

3 Acquisitions

HLM Venture Partners acquired 3 companies. Their latest acquisition was U.S. Medical Management on November 03, 2021.

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

11/3/2021

$99M

Acq - Fin

1

10/1/2013

Other Venture Capital

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$99M

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10

10/13/2005

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$99M

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0

Date

11/3/2021

10/1/2013

10/13/2005

Investment Stage

Other Venture Capital

Companies

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Valuation

$99M

$99M

$99M

Total Funding

Note

Acq - Fin

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Sources

1

10

0

HLM Venture Partners Fund History

11 Fund Histories

HLM Venture Partners has 11 funds, including HLM Venture Partners V.

Closing Date

Fund

Fund Type

Status

Amount

Sources

5/13/2020

HLM Venture Partners V

Multi-Stage Venture Capital

Open

$64.23M

2

12/29/2015

HLM Venture Partners IV

Multi-Stage Venture Capital

Closed

$63.7M

3

5/20/2011

HLM Venture Partners III LP

Multi-Stage Venture Capital

Closed

$83M

1

11/30/2006

HLM Venture Partners II LP

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$99M

10

10/15/2002

HLM Venture Partners LP

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$99M

10

Closing Date

5/13/2020

12/29/2015

5/20/2011

11/30/2006

10/15/2002

Fund

HLM Venture Partners V

HLM Venture Partners IV

HLM Venture Partners III LP

HLM Venture Partners II LP

HLM Venture Partners LP

Fund Type

Multi-Stage Venture Capital

Multi-Stage Venture Capital

Multi-Stage Venture Capital

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Status

Open

Closed

Closed

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Amount

$64.23M

$63.7M

$83M

$99M

$99M

Sources

2

3

1

10

10

HLM Venture Partners Partners & Customers

1 Partners and customers

HLM Venture Partners has 1 strategic partners and customers. HLM Venture Partners recently partnered with Phreesia on September 9, 2007.

Date

Type

Business Partner

Country

News Snippet

Sources

9/17/2007

Partner

United States

Phreesia - The Patient Check-in Company Phreesia Secures $10.25M Series B Funding. Investment from Polaris Venture Partners and HLM Venture Partners Underscores Phenomenal Success of Phreesia in the Physician's Waiting Room.

The DEMO conferences have earned their reputation for consistently identifying tomorrow 's cutting-edge technologies , and have served as launch pad events for companies such as Palm , E * Trade , Handspring , and U.S. Robotics , helping them to secure venture funding , establish critical business relationships , and influence early adopters .

1

Date

9/17/2007

Type

Partner

Business Partner

Country

United States

News Snippet

Phreesia - The Patient Check-in Company Phreesia Secures $10.25M Series B Funding. Investment from Polaris Venture Partners and HLM Venture Partners Underscores Phenomenal Success of Phreesia in the Physician's Waiting Room.

The DEMO conferences have earned their reputation for consistently identifying tomorrow 's cutting-edge technologies , and have served as launch pad events for companies such as Palm , E * Trade , Handspring , and U.S. Robotics , helping them to secure venture funding , establish critical business relationships , and influence early adopters .

Sources

1

HLM Venture Partners Team

12 Team Members

HLM Venture Partners has 12 team members, including current Managing Partner, Ed Cahill.

Name

Work History

Title

Status

Ed Cahill

Managing Partner

Current

Teo Forcht Dagi

General Partner

Current

Steven F. Tolle

General Partner

Current

Erica V Mawn

Controller

Former

Dana Niles

YankeeTek Ventures

Controller

Former

Name

Ed Cahill

Teo Forcht Dagi

Steven F. Tolle

Erica V Mawn

Dana Niles

Work History

YankeeTek Ventures

Title

Managing Partner

General Partner

General Partner

Controller

Controller

Status

Current

Current

Current

Former

Former

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