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Venture Capital
usvp.com

Investments

943

Portfolio Exits

225

Funds

16

Service Providers

2

About U.S. Venture Partners

U.S. Venture Partners (USVP) is a Silicon Valley venture capital firm, partnering with entrepreneurs to transform their ideas into world-changing companies. USVP has invested in over 400 companies spanning four decades. USVP focuses on early-stage start-ups that transform cybersecurity, enterprise software, consumer, and healthcare. The USVP team consists of former entrepreneurs, technologists, corporate executives, and financial professionals who assist with strategy, scaling, team building, product development, and business development. USVP is based in Menlo Park, California.

Headquarters Location

1460 El Camino Real Suite 100

Menlo Park, California, 94025,

United States

650-854-9080

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Expert Collections containing U.S. Venture Partners

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find U.S. Venture Partners in 1 Expert Collection, including The Edge Computing Landscape.

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The Edge Computing Landscape

113 items

Edge computing companies facilitate workload deployment in addition to providing data processing and storage at the farthest reaches of the network. These edge computing companies range from data centers at the edge to workload management tools designed to orchestrate edge deploy

Latest U.S. Venture Partners News

Surgical Safety Technologies Furthers its Mission of Improving Operating Room Safety and Efficiency With $15 Million in Series A...

May 6, 2023

VCPro Database 2023 26th Edition — a downloadable and searchable venture capital database with 6,900+ venture capital and private equity firms worldwide. The most reliable, up-to-date and affordable venture capital directory of its kind. VCPro Database is available in both Windows and macOS versions. It has been published since 1998. Surgical Safety Technologies Furthers its Mission of Improving Operating Room Safety and Efficiency With $15 Million in Series A Funding Investment will fuel adoption of the company's signature OR Black Box® technology, which is already used by leading academic healthcare centers across North America and Europe TORONTO and NEW YORK, May 4, 2023-- Surgical Safety Technologies (SST), a medical technology company that engineered the OR Black Box® platform for hospitals, has today announced $15 Million in Series A funding. The round was led by U.S. Venture Partners and Santé Ventures, and will be used to accelerate the company's automation initiatives and commercial efforts. SST's platform leverages AI both to inform real-time decision making and provide analytical insight in the areas of safety, compliance and efficiency, which drastically improves patient outcomes and reduces hospital costs. SST has nearly 60 employees across its Toronto and New York offices and operates with a single mission in mind: to make healthcare safer globally through improved knowledge of clinical practices. The company currently has its Black Box® platform and analytic products deployed in critical interventional hospital environments such as surgical operating rooms, trauma centers and simulation centers - powering better analytics, benchmarking and process improvement. The various Black Box technologies are in use within many of the leading academic healthcare providers in the United States, Canada, and Western Europe, and provide novel insights that result in reduced errors, improved safety, and significant cost savings. "I am honored to have this support and confidence as we continue our mission of making healthcare safer and more cost-effective," noted Teodor Grantcharov, founder of Surgical Safety Technologies. "Raising this round of financing offers incredible validation for our approach as a company, but most importantly, it helps get this technology into more operating rooms where it is needed most. There is more work yet to be done and we hope that our technology continues to play a direct role in saving many more lives in the future." Dafina Toncheva, General Partner at U.S. Venture Partners, adds that "USVP is thrilled to partner with SST as it grows its commercial footprint. SST's novel enterprise software and analytic platform provides unique insights which are utilized by major hospitals across North America and Europe to improve patient outcomes and increase operating efficiency. It is our expectation that every hospital will need SST's solutions for continuous improvement in surgical, trauma and interventional procedural outcomes to compete effectively and to secure accreditation in the future." Clinical studies have demonstrated that use of the OR Black Box® platform significantly improves compliance to standard operating procedures (such as the World Health Organization's surgical safety checklist) as well as clinical performance, and has resulted in dramatic reduction of never events and improved patient safety outcomes. Initial results have also demonstrated opportunities for significant cost reductions as a consequence of equipment standardization, and data-driven scheduling and OR utilization. "We are pleased to support SST and bring their extraordinary technology into more operating rooms across the country," noted Dennis McWilliams, partner at Santé Ventures. "We have been following a number of companies in this space, and found SST to be a leader in both technology and business model given their unique value proposition to hospital systems. Surgical Safety Technologies is developing the operating room of the future, with products that are consistent with Santé's mission of investing in health technologies making meaningful patient impact." For more information about SST and how the company is improving surgical outcomes for patients across the world, please visit www.surgicalsafety.com. About Surgical Safety Technologies Surgical Safety Technologies Inc. (SST) is a mission-driven organization that utilizes disruptive technologies to make healthcare safer globally. SST is the developer of The Black Box platform for healthcare and a suite of software and analytic products, necessary for continuous quality improvement and delivery of value-based care. SST's products have been deployed in the leading healthcare centers in North America and Europe and high-quality evidence has demonstrated their effectiveness in reducing costs and improving patient outcomes. More information can be found at www.surgicalsafety.com. About US Venture Partners U.S. Venture Partners (USVP) is a leading Silicon Valley venture capital firm, partnering with entrepreneurs to transform their ideas into world-changing companies. USVP has invested in over 500 companies spanning four decades, including: Arkose Labs, Box, Carrot Fertility, Cato Networks, Check Point Software, Guidewire, Happy Returns, HeartFlow, HotelTonight, Human Interest, Imperva, Inari Medical, Inspire Medical Systems, Intersect ENT, Kenna, Medigate, Omada Health, Pluto TV, Standard Bariatrics, ThreatMetrix, Trunk Club, Trusteer, Yammer and Zerto. USVP focuses on early-stage start-ups that transform cybersecurity, enterprise software, consumer and healthcare. The USVP team consists of former entrepreneurs, technologists, corporate executives, and financial professionals who assist with strategy, scaling, team building, product development, and business development. USVP is based in Menlo Park, California. More information can be found at www.usvp.com. About Santé Ventures Founded in 2006, Santé Ventures is a specialized healthcare and life sciences investment firm with roughly $800M in capital under management. The firm invests in early-stage companies developing innovative new medical technologies, biotechnologies, and digitally enabled healthcare services. Recent Santé successes include Farapulse (Boston Scientific), Claret Medical (Boston Scientific), TVA Medical (Becton Dickinson), Millipede Medical (Boston Scientific), Molecular Templates (MTEM), AbVitro (Celgene), and Explorys (IBM Corp). Santé invests nationally and has offices in Austin, TX, and Boston, MA. For more information, please visit www.sante.com. Contact:

U.S. Venture Partners Investments

943 Investments

U.S. Venture Partners has made 943 investments. Their latest investment was in Surgical Safety Technologies as part of their Series A on May 5, 2023.

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U.S. Venture Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/4/2023

Series A

Surgical Safety Technologies

$15M

Yes

5

4/6/2023

Series F - II

HeartFlow

$215M

No

3

3/1/2023

Series H

Quantifind

$23M

No

4

2/22/2023

Series D

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$99M

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10

1/20/2023

Series E

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$99M

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10

Date

5/4/2023

4/6/2023

3/1/2023

2/22/2023

1/20/2023

Round

Series A

Series F - II

Series H

Series D

Series E

Company

Surgical Safety Technologies

HeartFlow

Quantifind

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Amount

$15M

$215M

$23M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Sources

5

3

4

10

10

U.S. Venture Partners Portfolio Exits

225 Portfolio Exits

U.S. Venture Partners has 225 portfolio exits. Their latest portfolio exit was Standard Bariatrics on August 22, 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

8/22/2022

Acquired

$99M

16

5/13/2022

IPO

$99M

Public

4

1/19/2022

Acquired

$99M

5

12/8/2021

Acquired

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$99M

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10

9/23/2021

Acquired

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$99M

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10

Date

8/22/2022

5/13/2022

1/19/2022

12/8/2021

9/23/2021

Exit

Acquired

IPO

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

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Sources

16

4

5

10

10

U.S. Venture Partners Acquisitions

3 Acquisitions

U.S. Venture Partners acquired 3 companies. Their latest acquisition was Houston Biotechnology on April 30, 1992.

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

4/30/1992

Series A

$99M

$3.3M

Leveraged Buyout

1

1/1/1991

Growth Equity

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$99M

$99M

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10

12/1/1983

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$99M

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10

Date

4/30/1992

1/1/1991

12/1/1983

Investment Stage

Series A

Growth Equity

Companies

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Valuation

$99M

$99M

$99M

Total Funding

$3.3M

$99M

Note

Leveraged Buyout

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Sources

1

10

10

U.S. Venture Partners Fund History

16 Fund Histories

U.S. Venture Partners has 16 funds, including U.S. Venture Partners XIII.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/13/2022

U.S. Venture Partners XIII

$400M

1

2/3/2020

U.S. Venture Partners XII

Early-Stage Venture Capital

Closed

$340M

6

7/11/2019

U.S. Venture Partners XII-A

$16.3M

3

12/15/2015

U.S. Venture Partners XI

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$99M

10

12/31/2008

US Venture Partners X Affiliates

$99M

10

Closing Date

12/13/2022

2/3/2020

7/11/2019

12/15/2015

12/31/2008

Fund

U.S. Venture Partners XIII

U.S. Venture Partners XII

U.S. Venture Partners XII-A

U.S. Venture Partners XI

US Venture Partners X Affiliates

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

$400M

$340M

$16.3M

$99M

$99M

Sources

1

6

3

10

10

U.S. Venture Partners Service Providers

2 Service Providers

U.S. Venture Partners has 2 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

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Service Provider

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Associated Rounds

Provider Type

Counsel

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Service Type

General Counsel

Partnership data by VentureSource

U.S. Venture Partners Team

24 Team Members

U.S. Venture Partners has 24 team members, including current Chief Financial Officer, Controller, Dale Holladay.

Name

Work History

Title

Status

Dale Holladay

Chief Financial Officer, Controller

Current

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Name

Dale Holladay

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Work History

Title

Chief Financial Officer, Controller

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Status

Current

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