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Venture Capital
prismventure.com

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Investments

306

Portfolio Exits

60

Funds

8

Service Providers

1

About Prism VentureWorks

Founded in 1995 with $1.25 billion under management over five investment funds, Prism VentureWorks is a venture capital firm focused on investments in information technology, life sciences and digital living. The firm has 14 investment professionals and maintains offices in Massachusetts (Needham) and California (Venice).

Prism VentureWorks Headquarter Location

117 Kendrick Street Suite 200

Needham, Massachusetts, 02494,

United States

781.302.4000

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Latest Prism VentureWorks News

Xlumena Closes $25M in Series C Financing

Dec 3, 2013

By FinSMEs Xlumena , a Mountain View, CA-based developer of advanced endoscopic devices, closed $25m in Series C financing. The round was led by Third Point, with participation from existing investors Prism VentureWorks, Charter Life Sciences, Ascent Biomedical Ventures and Aperture Venture Partners. In conjunction with the funding, Jason Hong Ph.D. of Third Point LLC, will join Xlumena’s Board of Directors. The company intends to use the funds to expand global commercialization efforts for its AXIOS family of devices and continue to bring its platform to the US interventional endoscopy community. Led by Greg Patterson, President and CEO, Xlumena provides the AXIOS Stent and Delivery System, which obtained a CE mark designation in Europe in 2012 and is available in a select number of centers. The AXIOS Stent, a fully-covered, dual-flanged stent, is delivered under endoscopic ultrasound guidance and designed to create a secure drainage pathway between the gastrointestinal tract and the common bile duct, gallbladder or pseudocyst. The HOT AXIOS, also available in Europe, incorporates cautery into the delivery system, enabling access and stent delivery in a single device. The AXIOS devices have been used in the treatment of acute cholecystitis, biliary inflammation associated with strictures or stones in the bile duct, and pancreatic pseudocysts. FinSMEs

Prism VentureWorks Investments

306 Investments

Prism VentureWorks has made 306 investments. Their latest investment was in ClearIt as part of their Unattributed VC on July 7, 2022.

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Prism VentureWorks Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/28/2022

Unattributed VC

ClearIt

$0.03M

Yes

1

11/3/2020

Series B

Neuros Medical

$38.5M

No

3

9/24/2020

Series A

Babson Diagnostics

$13.7M

Yes

11

8/3/2020

Unattributed VC

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$99M

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10

1/9/2020

Series B

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$99M

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10

Date

7/28/2022

11/3/2020

9/24/2020

8/3/2020

1/9/2020

Round

Unattributed VC

Series B

Series A

Unattributed VC

Series B

Company

ClearIt

Neuros Medical

Babson Diagnostics

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Amount

$0.03M

$38.5M

$13.7M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

1

3

11

10

10

Prism VentureWorks Portfolio Exits

60 Portfolio Exits

Prism VentureWorks has 60 portfolio exits. Their latest portfolio exit was Venus Concept (Merged with Restoration Robotics) on November 07, 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

11/7/2019

Merger

$99M

5

2/14/2019

IPO

$99M

Public

3

2/12/2019

Acquired

$99M

2

11/8/2017

Acquired

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$99M

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10

9/8/2017

Acquired

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$99M

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10

Date

11/7/2019

2/14/2019

2/12/2019

11/8/2017

9/8/2017

Exit

Merger

IPO

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

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Sources

5

3

2

10

10

Prism VentureWorks Acquisitions

2 Acquisitions

Prism VentureWorks acquired 2 companies. Their latest acquisition was Epicon on June 18, 1998.

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

6/18/1998

Other

$99M

$30M

Acquired

1/1/1970

Other Venture Capital

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$99M

$99M

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0

Date

6/18/1998

1/1/1970

Investment Stage

Other

Other Venture Capital

Companies

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Valuation

$99M

$99M

Total Funding

$30M

$99M

Note

Acquired

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Sources

0

Prism VentureWorks Fund History

8 Fund Histories

Prism VentureWorks has 8 funds, including Prism Venture Partners V LP.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/19/2005

Prism Venture Partners V LP

Early-Stage Venture Capital

Closed

$172M

1

5/4/2005

Prism Venture Partners V-A LP

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$99M

10

2/28/2002

Prism Venture Partners II-A

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$99M

10

1/31/2002

Prism Venture Partners IV LP

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$99M

10

3/27/2000

Prism Venture Partners III LP

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$99M

10

Closing Date

6/19/2005

5/4/2005

2/28/2002

1/31/2002

3/27/2000

Fund

Prism Venture Partners V LP

Prism Venture Partners V-A LP

Prism Venture Partners II-A

Prism Venture Partners IV LP

Prism Venture Partners III LP

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

$172M

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

Prism VentureWorks Service Providers

1 Service Provider

Prism VentureWorks has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

General Counsel

Partnership data by VentureSource

Prism VentureWorks Team

13 Team Members

Prism VentureWorks has 13 team members, including current Controller, Renee Anderson.

Name

Work History

Title

Status

John L Brooks III

Founder

Current

Renee Anderson

Controller

Current

Gordon Nye

Managing General Partner

Current

Jim Counihan

Managing Director, General Partner

Current

Woody Benson

General Partner

Current

Name

John L Brooks III

Renee Anderson

Gordon Nye

Jim Counihan

Woody Benson

Work History

Title

Founder

Controller

Managing General Partner

Managing Director, General Partner

General Partner

Status

Current

Current

Current

Current

Current

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