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Venture Capital
tvm-lifescience.com

Investments

151

Portfolio Exits

50

Funds

12

Partners & Customers

4

About TVM Capital Life Science

TVM Capital Life Science is providing venture capital to the international pharmaceutical, biopharmaceutical and medical technology industries with more than 30-years of transatlantic investment track record and in excess of US$1.3bn under management. The life science team boasts more than 120 investments and over 90 exits in the last 30 years, including more than 40 initial public offerings on all major U.S. and European stock exchanges, and combines long-standing international investment and company building experience with their track record of dedicated board work, extensive global networks in the world of life science research and product development and a direct knowledge of the local markets. TVM Capital Life Science currently invests from its 7th fund generation, TVM Life Science Ventures VII, with an integrated team of investment professionals. Fund generations III to VI are managed by managing partners, Dr. Helmut M. SchA¼hsler and Dr. Hubert Birner out of the Munich office.

Headquarters Location

Ottostraße 4

Munich, D-80333,

Germany

+49 (89) 998 992-0

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Latest TVM Capital Life Science News

TVM Capital Life Science to participate in LSI USA ’23 Emerging Medtech Summit 2023

Mar 17, 2023

Ottostraße GERMANY MONTREAL and MUNICH, Germany, March 17, 2023 (GLOBE NEWSWIRE) -- TVM Capital Life Science (“TVM”), a leading international venture capital firm focused on investments in life sciences innovation, today announced that Dr. Luc Marengère, Managing Partner, and Dr. Sascha Berger, General Partner of TVM, will participate in the upcoming LSI USA ’23 Emerging Medtech Summit 2023, which brings together leading innovators, active investors and committed strategics from the medtech industry to partner and build next-generation healthcare technologies. The conference will take place March 20-23, 2023, in Dana Point, California, USA. “Medtech innovation plays a pivotal role in the healthcare ecosystem and has the potential to revolutionize the industry by improving patient outcomes, increasing efficiency, and reducing costs. One key component of our strategy is to invest in disruptive, breakthrough, commercial-stage technologies that map essential future trends and significantly transform current standard-of-care. In addition to connecting with fellow investors and dealmakers to discuss market opportunities and needs, we look forward to meeting young, highly innovative companies at the LSI Summit to further expand TVM’s strong medtech portfolio,” said Dr. Luc Marengère. TVM pursues a unique two-pronged strategy, investing in differentiated medical technologies with commercial proof-of-concept and late clinical-stage therapeutics as well as financing innovative early-stage therapeutics through a single asset company approach (Project-Focused Company, PFC) that leverages TVM’s strategic relationship with global pharmaceutical firm, Eli Lilly and Company. With its late-stage medtech investments, the Company focuses on innovative businesses from North America or the EU working to transform medical practice with their groundbreaking devices and technologies. Dr. Sascha Berger added: “TVM’s track record of successful collaboration highlights our partnership and value-building approach with innovators. As true partners, we work closely with our portfolio companies, striving to understand their ideas, and find ways to advance their innovations to accelerate growth, facilitate market expansion and ultimately help them become or continue to be a leader in their respective markets. With our current fund TVM Life Science Innovation II, we continue to expand our strategy, that has been validated through a number of companies in both Fund I and II, to build a portfolio of differentiated products with strong leadership teams.” Investment highlights from TVM’s medtech commercial-stage portfolio include: Access Vascular Inc. has developed and commercializes award-winning intravenous catheters addressing the most common and costly complications of intravenous therapy: infection, thrombosis, and phlebitis. Engineered to mimic the body’s natural chemistry, Access Vascular catheters are designed to evade foreign body response and related complications. Egg Medical has developed and commercializes a lab radiation protection system that dramatically reduces scatter radiation exposure during interventional angiographic procedures. During an X-ray, radiation reflects off a patient and scatters to anyone else in the room. This results in an increased risk of cancer chromosomal abnormalities, skin damage and eye injury for healthcare professionals in this field. EGGNEST™ reduces scatter radiation exposure by 91% for the entire team without interrupting the workflow. Emovi’s technologies and AI solutions address clinical challenges that exist through the continuum of care for patients with knee pain and pathology. The Company has developed the only FDA cleared, Health Canada licensed and CE Marked medical device to assess the 3D motion of the knee and understand what is happening in patient’s knee in order to better identify causes of symptoms and propose a successful care plan. Kent Imaging, a leading innovator in near-infrared tissue oxygenation imaging, develops, manufactures, and markets medical technology that supports real-time decision-making in wound care, vascular and surgical subspecialties and tracks the healing process. Kent Imaging targets limb preservation and reconstructive surgical markets - areas with clear unmet need, as non-healing wounds are a major burden to patients and the healthcare system. Panthera Dental, a world leader in CAD/CAM implant solutions and dental sleep appliances, has successfully combined creativity, science and know-how to bring to market its proprietary innovative technology to offer next-generation products to the dental industry as well as a novel innovation to treat sleep apnea. The Company just recently launched a new product: The Magnet-XTM, the world’s first removable magnetic implant bar offering stable forces, lateral guidance and stability and easy handling for patients with less dexterity.

TVM Capital Life Science Investments

151 Investments

TVM Capital Life Science has made 151 investments. Their latest investment was in Esperas Pharma as part of their Series B on February 2, 2023.

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TVM Capital Life Science Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/21/2023

Series B

Esperas Pharma

No

3

2/8/2023

Seed VC

LAmAb Biologics

Yes

3

2/1/2023

Seed VC

Recurv

Yes

3

2/28/2022

Series A

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$99M

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10

2/1/2022

PIPE

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$99M

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10

Date

2/21/2023

2/8/2023

2/1/2023

2/28/2022

2/1/2022

Round

Series B

Seed VC

Seed VC

Series A

PIPE

Company

Esperas Pharma

LAmAb Biologics

Recurv

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Amount

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

3

3

3

10

10

TVM Capital Life Science Portfolio Exits

50 Portfolio Exits

TVM Capital Life Science has 50 portfolio exits. Their latest portfolio exit was Rapid Micro Biosystems on July 16, 2021.

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

7/16/2021

IPO

$99M

Public

4

7/30/2020

Reverse Merger

$99M

3

11/7/2019

IPO

$99M

Public

3

5/14/2018

Acquired

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$99M

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10

4/13/2018

Acquired

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$99M

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10

Date

7/16/2021

7/30/2020

11/7/2019

5/14/2018

4/13/2018

Exit

IPO

Reverse Merger

IPO

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

Public

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Sources

4

3

3

10

10

TVM Capital Life Science Acquisitions

2 Acquisitions

TVM Capital Life Science acquired 2 companies. Their latest acquisition was Aspen Technology on October 25, 1994.

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

10/25/1994

Growth Equity

$99M

$4M

IPO

1

5/27/1993

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$99M

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10

Date

10/25/1994

5/27/1993

Investment Stage

Growth Equity

Companies

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Valuation

$99M

$99M

Total Funding

$4M

Note

IPO

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Sources

1

10

TVM Capital Life Science Fund History

12 Fund Histories

TVM Capital Life Science has 12 funds, including TVM Life Science Innovation II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/28/2020

TVM Life Science Innovation II

$478M

2

10/14/2020

TVM Life Science Ventures VIII

$368.95M

2

4/13/2015

China BioPharma Capital I

$50M

1

10/6/2014

TVM Life Science Ventures VlI

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$99M

10

9/30/2005

TVM Life Science Ventures VI

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$99M

10

Closing Date

10/28/2020

10/14/2020

4/13/2015

10/6/2014

9/30/2005

Fund

TVM Life Science Innovation II

TVM Life Science Ventures VIII

China BioPharma Capital I

TVM Life Science Ventures VlI

TVM Life Science Ventures VI

Fund Type

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Status

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Amount

$478M

$368.95M

$50M

$99M

$99M

Sources

2

2

1

10

10

TVM Capital Life Science Partners & Customers

4 Partners and customers

TVM Capital Life Science has 4 strategic partners and customers. TVM Capital Life Science recently partnered with Eli Lilly and Company, and Neurimmune on October 10, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

10/16/2019

Partner

United States, and Switzerland

Neurimmune and TVM Capital Life Science Announce the Initiation of AL-S Pharma’s Phase 1 Study of AP-101 for the Treatment of ALS

He added : `` We highly value our unique partnership with TVM Capital Life Science and Eli Lilly 's Chorus .

2

12/7/2016

Partner

Switzerland

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10

Partner

South Korea

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10

Partner

United States

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10

Date

10/16/2019

12/7/2016

Type

Partner

Partner

Partner

Partner

Business Partner

Country

United States, and Switzerland

Switzerland

South Korea

United States

News Snippet

Neurimmune and TVM Capital Life Science Announce the Initiation of AL-S Pharma’s Phase 1 Study of AP-101 for the Treatment of ALS

He added : `` We highly value our unique partnership with TVM Capital Life Science and Eli Lilly 's Chorus .

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Sources

2

10

10

10

TVM Capital Life Science Team

22 Team Members

TVM Capital Life Science has 22 team members, including current Chief Financial Officer, Stefan Fischer.

Name

Work History

Title

Status

Stefan Fischer

Chief Financial Officer

Current

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Name

Stefan Fischer

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Work History

Title

Chief Financial Officer

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Status

Current

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