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Venture Capital
FINANCE | Investment Firms & Funds
plymouthgp.com

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Investments

45

Portfolio Exits

7

Funds

5

About Plymouth Growth Partners

Plymouth Growth Partners invests in growth stage businesses throughout the Great Lakes region.

Plymouth Growth Partners Headquarter Location

555 Briarwood Circle Suite 210

Ann Arbor, Michigan, 48108,

United States

734.747.9401

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Latest Plymouth Growth Partners News

09:35 ET C2Dx Announces the Acquisition of Hemostatix and its Thermal Scalpel System

Mar 9, 2022

C2Dx enters the surgical suite with the first and only device of its kind for tissue dissection. News provided by Share this article Share this article KALAMAZOO, Mich., March 8, 2022 /PRNewswire/ -- C2Dx, a privately held medical device company, announced its acquisition of Hemostatix Medical Technologies LLC (Hemostatix) effective on January 1, 2022. This latest expansion aligns with C2Dx's strategy to invest in and refine the delivery of valuable niche products to propel their growth and accessibility worldwide. The acquisition of Hemostatix will mean the integration of the thermal scalpel system, employees, and customer contracts all operating under C2Dx. Product manufacturing and distribution will remain in the Memphis region of Tennessee. The Hemostatix Thermal Scalpel is the third product line for C2Dx, joining its previous acquisitions of the STIC Intra-Compartmental Pressure Monitor and T/Pump Localized Temperature Therapy system. Next generation Hemostatix scalpel handle and blade system, newly redesigned featuring blade hub to eliminate contact with blade. C2Dx makes third acquisition in three years, providing growth opportunities for the thermal scalpel. The Hemostatix Thermal Scalpel seals blood vessels as they are incised—effectively cutting and coagulating simultaneously. The surgically sharp blade enables surgeons to make precise anatomical dissection and achieve immediate hemostasis resulting in maximum visualization and superior surgical control. Featuring a 5-layer laminate composition of copper and stainless steel, with the Hemostatix Thermal Scalpel in hand, surgeons can prioritize surgical safety with no muscle excitation, reduced blood loss, and contribute to the move toward a smoke-free operating room. Founded in early 2019 by CEO Kevin McLeod and Plymouth Growth, C2Dx is led by a team of medical device industry experts who have over a century of combined experience managing growth-oriented teams across the globe. "Our leadership team has extensive experience leading all phases of medical device manufacturing. We have seen great success with both the STIC and T/Pump and are looking forward to applying our innovative strategy to this new product line," said Kevin. "The latest acquisition of Hemostatix offers an exciting chance for us to expand our product offering and grow our team as we further pursue C2Dx's mission." Brad Beale, former co-owner of Hemostatix said, "C2Dx's acquisition of Hemostatix provides a great growth opportunity for the product as well as our team. We are looking forward to providing extended service offerings to our customers as we develop the product through the combined expertise of these two companies." Brad joins C2Dx as General Manager of the Hemostatix operations. The expanded business will serve new specialties and procedures across the U.S. and internationally. About C2Dx C2Dx is a Kalamazoo, MI-based medical device company that invests in and refines the delivery of valuable, niche products to propel their growth and accessibility worldwide. Started in early 2019 and founded by industry experts, C2Dx is committed to providing leading medical products and superior customer service while continually evolving to ensure that healthcare providers have the devices and technology they need. Visit C2Dx at www.c2dx.com . About Plymouth Growth Plymouth Growth Partners invests in growth stage businesses throughout the Great Lakes region. With over 100 years of combined investing experience, Plymouth takes a flexible approach to partnering with management teams, helping to drive growth, build value and realize full potential. Plymouth focuses on B2B product and services companies that have scalable technology and proven growth. Based in Ann Arbor, Michigan, Plymouth Growth Partners has over $150 million under management and is actively investing out of its fourth fund. Visit www.plymouthgp.com . SOURCE C2Dx

Plymouth Growth Partners Investments

45 Investments

Plymouth Growth Partners has made 45 investments. Their latest investment was in Deck Commerce as part of their Series A on October 10, 2021.

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Plymouth Growth Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/12/2021

Series A

Deck Commerce

$7.8M

Yes

3

7/20/2021

Series A - II

Algo

Yes

2

2/19/2021

Unattributed VC - II

Allied Payment Network

$2.5M

No

1

12/28/2020

Unattributed VC

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$99M

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10

3/16/2020

Unattributed VC - II

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$99M

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10

Date

10/12/2021

7/20/2021

2/19/2021

12/28/2020

3/16/2020

Round

Series A

Series A - II

Unattributed VC - II

Unattributed VC

Unattributed VC - II

Company

Deck Commerce

Algo

Allied Payment Network

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Amount

$7.8M

$2.5M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

3

2

1

10

10

Plymouth Growth Partners Portfolio Exits

7 Portfolio Exits

Plymouth Growth Partners has 7 portfolio exits. Their latest portfolio exit was Able on January 11, 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

1/11/2022

Acquired

$99M

1

12/24/2020

Acq - Fin

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$99M

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10

2/25/2020

Acquired

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$99M

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10

1/31/2020

Acq - Fin

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$99M

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10

1/17/2019

Acq - Fin

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$99M

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10

Date

1/11/2022

12/24/2020

2/25/2020

1/31/2020

1/17/2019

Exit

Acquired

Acq - Fin

Acquired

Acq - Fin

Acq - Fin

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

10

10

10

10

Plymouth Growth Partners Acquisitions

1 Acquisition

Plymouth Growth Partners acquired 1 company. Their latest acquisition was KnowledgeLake on June 28, 2018.

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

6/28/2018

Debt

$99M

$1.5M

Acq - Fin

1

Date

6/28/2018

Investment Stage

Debt

Companies

Valuation

$99M

Total Funding

$1.5M

Note

Acq - Fin

Sources

1

Plymouth Growth Partners Fund History

5 Fund Histories

Plymouth Growth Partners has 5 funds, including Plymouth Growth Partners IV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/30/2017

Plymouth Growth Partners IV

Late-Stage Venture Capital

Open

$40M

1

12/31/2014

Plymouth Venture Partners I LP

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$99M

10

7/17/2014

Plymouth Venture Partners III

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$99M

10

9/16/2011

Plymouth Venture Partners II LP

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$99M

10

Plymouth Growth Partners V

10

Closing Date

6/30/2017

12/31/2014

7/17/2014

9/16/2011

Fund

Plymouth Growth Partners IV

Plymouth Venture Partners I LP

Plymouth Venture Partners III

Plymouth Venture Partners II LP

Plymouth Growth Partners V

Fund Type

Late-Stage Venture Capital

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Status

Open

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Amount

$40M

$99M

$99M

$99M

Sources

1

10

10

10

10

Plymouth Growth Partners Team

4 Team Members

Plymouth Growth Partners has 4 team members, including current Chief Executive Officer, Mark Horne.

Name

Work History

Title

Status

Mark Horne

Chief Executive Officer

Current

Christopher Frick

Chief Financial Officer

Current

Robert M. Platek

Founder

Former

Ariel Sacerdoti

Senior Vice President

Former

Name

Mark Horne

Christopher Frick

Robert M. Platek

Ariel Sacerdoti

Work History

Title

Chief Executive Officer

Chief Financial Officer

Founder

Senior Vice President

Status

Current

Current

Former

Former

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