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Fountain Healthcare Partners

North America, New York, United States, New York

Description

Fountain Healthcare Partners is a prominent life science venture capital fund with offices in Dublin, Ireland, and New York, USA. Established as a leading Irish-based investor in the sector, the firm exclusively focuses on companies within biotechnology, pharmaceuticals, medical devices, and diagnostics. Their strategic presence in both Europe and the United States allows them to identify and support innovative life science companies across key global hubs, leveraging a deep understanding of the complex regulatory and commercial landscapes unique to the industry.

The firm employs a hands-on investment approach, typically targeting companies from late-seed to Series B stages. Fountain Healthcare Partners aims to be a significant partner, often leading or co-leading investment rounds. They seek out companies with robust scientific foundations, clear clinical development pathways, and strong management teams capable of executing on ambitious growth strategies. Their investment philosophy emphasizes long-term value creation through active portfolio management, providing strategic guidance, operational support, and access to their extensive network of industry experts.

Fountain Healthcare Partners has demonstrated a strong commitment to the life science sector through multiple successful funds. Their most recent fund, Fund IV, closed in 2022 with commitments totaling €178 million, equivalent to approximately $194 million. This substantial capital base enables them to make meaningful investments in the capital-intensive life science space. While their total investment per company over the life of an investment typically ranges between €5 million and €15 million (approximately $5.4 million to $16.3 million), their initial cheque sizes are tailored to the specific needs of early-stage life science ventures, reflecting the significant upfront capital required for research, development, and clinical trials.

The firm has a proven track record of supporting companies through critical development milestones and achieving successful exits. Notable examples include the acquisition of Inflazome by Roche and the IPO of Mainstay Medical, underscoring their ability to identify and nurture high-potential ventures that deliver significant returns. Their disciplined investment strategy, combined with deep sectoral expertise, positions Fountain Healthcare Partners as a key player in advancing medical innovation.

Investor Profile

Fountain Healthcare Partners has backed more than 47 startups, with 2 new investments in the last 12 months alone. The firm has led 20 rounds, about 43% of its total and boasts 9 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series B, Series C rounds (top funding stages).
  • Majority of deals are located in Ireland, United States, Italy.
  • Strong thematic focus on Health Care, Biotechnology, Medical.
  • Led 1 rounds in the past year.
  • Typical check size: $2.5M – $8M.

Stage Focus

  • Series A (38%)
  • Series B (34%)
  • Series C (15%)
  • Private Equity (4%)
  • Post Ipo Equity (4%)
  • Series D (4%)

Country Focus

  • Ireland (55%)
  • United States (17%)
  • Italy (6%)
  • France (6%)
  • Belgium (6%)
  • United Kingdom (6%)
  • Switzerland (2%)

Industry Focus

  • Health Care
  • Biotechnology
  • Medical
  • Medical Device
  • Therapeutics
  • Pharmaceutical
  • Biopharma
  • Clinical Trials
  • Emergency Medicine
  • Robotics
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Fountain Healthcare Partners frequently co-invest with?

OrbiMed
North America, New York, United States, New York
Co-Investments: 6
Novartis Venture Fund
Europe, Basel-Stadt, Switzerland, Basel
Co-Investments: 4
Canaan Partners
North America, California, United States, Menlo Park
Co-Investments: 4
Panakes Partners
Europe, Lombardia, Italy, Milano
Co-Investments: 7
RA Capital Management
North America, Massachusetts, United States, Boston
Co-Investments: 4
Andera Partners
Europe, Ile-de-France, France, Paris
Co-Investments: 4
Enterprise Ireland
Europe, Dublin, Ireland, Dublin
Co-Investments: 5
V-Bio Ventures
Europe, Oost-Vlaanderen, Belgium, Gent
Co-Investments: 4
Longitude Capital
North America, California, United States, Menlo Park
Co-Investments: 5
EQT Life Sciences
Europe, Noord-Holland, The Netherlands, Amsterdam
Co-Investments: 5

What are some of recent deals done by Fountain Healthcare Partners?

Neuromod Devices

Dublin, Dublin, Ireland

Neuromod Devices has developed LENIRE® (www.lenire.com) a non-invasive bimodal neuromodulation therapy for tinnitus.

BiotechnologyClinical TrialsHealth CareMedicalMedical Device
Series BMar 11, 2025
Amount Raised: $10,853,438
XyloCor Therapeutics

King Of Prussia, Pennsylvania, United States

XyloCor Therapeutics is a biopharmaceutical company intended to develop gene therapy for people with coronary artery disease.

BiotechnologyHealth CarePharmaceutical
Series BJan 7, 2025
Amount Raised: $67,500,000
Mainstay Medical

Dublin, Dublin, Ireland

Mainstay Medical is a global medical device company that is developing devices to deliver innovative therapies.

BiotechnologyEmergency MedicineHealth CareMedicalMedical Device
Private EquityFeb 26, 2024
Amount Raised: $125,000,000
MMI

Pisa, Toscana, Italy

MMI is focused on advancing robotic technology for soft tissue open surgery with the world's smallest wristed instruments.

Health CareMedicalMedical DeviceRobotics
Series CFeb 21, 2024
Amount Raised: $110,000,000
Corteria Pharmaceuticals

Paris, Ile-de-France, France

Corteria Pharmaceuticals develops first-in-class drugs in heart failure subpopulations.

BiotechnologyPharmaceuticalTherapeutics
Series ASep 7, 2023
Amount Raised: $69,538,574
Dualyx

Ghent, Oost-Vlaanderen, Belgium

Dualyx engages in the discovery and development of biologicals for the treatment of autoimmune and rare diseases.

BiotechnologyHealth CareMedical
Series AMay 15, 2023
Amount Raised: $43,494,004
Neuromod Devices

Dublin, Dublin, Ireland

Neuromod Devices has developed LENIRE® (www.lenire.com) a non-invasive bimodal neuromodulation therapy for tinnitus.

BiotechnologyClinical TrialsHealth CareMedicalMedical Device
Series BApr 13, 2023
Amount Raised: $16,577,920
MMI

Pisa, Toscana, Italy

MMI is focused on advancing robotic technology for soft tissue open surgery with the world's smallest wristed instruments.

Health CareMedicalMedical DeviceRobotics
Series BJul 20, 2022
Amount Raised: $75,000,000
Ermium Therapeutics

Paris, Ile-de-France, France

Ermium Therapeutics is a biotech company developing innovative therapies for auto-immune diseases.

BiotechnologyHealth CarePharmaceutical
Series AJun 30, 2022
Amount Raised: $6,287,068
Vivasure Medical

Galway, Galway, Ireland

Medical device company developing a closure device for vascular access procedures.

BiopharmaHealth CareMedical Device
Series DMay 17, 2022
Amount Raised: $23,000,000