Heart rate on the monitor of an electrocardiogram. MUTLU KURTBAS ISTOCK GETTY IMAGES
Success with MedTech start-ups in Silicon Valley
The ‘MedTech Venture Capital Fund’ sees Picard Angst make it possible to undertake direct incubator investing in medical technology start-ups in Silicon Valley. Demographic development, market inefficiencies and technological progress will lead to strong structural growth over the next few years. Invest in the future of healthcare now and generate a sustainable impact for patients and your portfolio alike.
The fund was successfully launched on 17 November 2021 with a first closing of 20.7 million USD. There will be further opportunities to invest in this fund within the next year.
By 2030, more than 1 billion people will be aged over 65
We are spending increasing amounts of money on our health
More than 25% of healthcare costs are wasted
Portfolio
The Picard Angst MedTech Fund invests in start-ups developing disruptive solutions for the fields of cardio-circulatory medicine, ophthalmology, e-health and artificial intelligence, areas that are growing rapidly due to structural factors. Discover some examples.
Strategy reduces risk and accelerates ROI
The Picard Angst MedTech Fund pursues a consistent fast follower strategy to minimise risk compared to traditional venture capital investment and accelerate value creation. This strategy has seen impressive success: 6 exits, each in under 5 years, and a five-fold return on investment.
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Which treatment methods have substantial room for improvement?
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Which business models and solutions promise speedy success?
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Which providers could be interested in taking on new solutions?
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Research and development phase: design, tests, patent protection, production etc.
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Sale of the company with the new solution to a large provider.
The Picard Angst MedTech Venture Capital Fund finances start-ups in the R&D phase, which generally lasts 1-3 years and is followed by the exit phase, which can also last 1-3 years.
‘This investment has a sustainable impact on patients’ lives.’
Peter Pilavachi, Partner and Portfolio Manager
Product information
The Picard Angst MedTech Venture Capital Fund is a risk capital fund that makes direct investment in the most promising MedTech start-ups in Silicon Valley. Thanks to its consistent fast follower strategy, it offers high potential returns and minimised risk, compared to traditional VC investments.
MedTech Venture Capital Fund
| Key data | |
| Investors | Professional/institutional investors |
| Fund volume | USD 50 to 100 million |
| Minimum investment | USD 500’000 |
| Investment criteria | Large medical market/fast follower opportunity |
| Sectors | Cardiology, e-health, ophthalmology |
| Stage | Early stage, pre-revenue |
| Investment steps | 2 – 3, series A, B and sometimes C |
| Exit strategy | After around 2-5 years |
| Returns | 3 to 5 times the investment |
| Fund term | 5 years + 1 + 1 |
| Fund launch date | successfully launched 17.11.2021 |
| Sales authorisation | CH, MEA |
| ISIN | LU2377360529, LU2401175760 |
| Costs | |
| Management fee (p.a.) | 2% |
| Performance fee | 20% |
| Organisation | |
| Investment manager | Picard Angst AG |
| Management company | Notz Stucki (LU) |
| Custodian bank | UBS |
| Legal structure | Reserved Alternative Investment Fund (RAIF) |
MedTech incubation hub in Silicon Valley
The Picard Angst MedTech Fund is based on a collaboration with the MedTech incubation hub Shifamed, based in Silicon Valley. It was set up in 2009 by MedTech entrepreneur Amr Salahieh and has already delivered six successful exist. On the state-of-the-art campus, the start-ups can benefit from six fully fitted research labs, cleanrooms and production facilities. The management team has more than 20 years of clinical, technical and marketing experience and has already registered more than 140 patents.
Six good reasons to invest
Demographics
Increasing ageing is leading to major structural growth for eye-related issues and coronary-circulatory illnesses.
Market
Making up 10% of global GDP, the healthcare sector is a huge market with enormous potential for optimisation.
Digitisation
The healthcare sector is at the start of its digitisation journey and is ripe with opportunity.
Impact
This investment will help save lives and safeguard medical progress.
Returns
Our fund offers the opportunity for three to five-fold return on investment in under five years.
Risk
Our fund minimises risk compared to other venture capital investments.
Your contact
Peter Pilavachi
Senior Portfolio Manager MedTech VC
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