Intuitive Ventures raises $150M for minimally invasive care startups

"Intuitive Ventures closed a $150 million funding round to support early-stage minimally invasive care companies.

Surgical robotics pioneer Intuitive Surgical launched Intuitive Ventures with $100 million in funding more than three years ago. The early-stage fund earmarked its latest round of funding, labeled “Fund II,” for three areas of investment focus. It wants to support improved access and coordination, precision diagnostics and interventions and secure, enriched digital ecosystems.

Intuitive Ventures said it aims to lower the barriers to care with efficient, cost-effective, accessible care. By leveraging the intersection of medtech, life sciences and therapeutics, it believes it can support diagnostics and interventions, too. The fund also hopes to use the potential of novel healthcare data to enhance minimally invasive care.

“We are proud of the strides achieved by the Ventures team over the past three years. They have been instrumental in accelerating innovation in minimally invasive care and diligent in advising their portfolio companies,” said Gary Guthart, CEO of Intuitive Surgical. “The Ventures team is a key member of our future forward group, who identify and foster innovations in minimally invasive care. Fund II deepens Intuitive’s commitment to the broad ecosystem of innovators working to improve patient outcomes.”

Source: The Robot Report