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HLM Venture Partners

North America, Massachusetts, United States, Boston

Description

HLM Venture Partners is a well-established venture capital firm based in Boston, Massachusetts, with a specialized focus on growth equity investments within the dynamic healthcare sector. Since its inception in 1987, the firm has primarily targeted companies leveraging technology to innovate and transform healthcare delivery, efficiency, and patient outcomes. Their investment scope broadly covers healthcare information technology, digital health solutions, and various healthcare services, seeking out businesses poised for significant expansion and market disruption.

The firm typically engages with companies at their growth stages, providing capital to scale operations, expand market reach, and accelerate product development. HLM Venture Partners is known for deploying initial checks that generally range from $5 million to $20 million, often participating in larger funding rounds alongside co-investors. Their portfolio reflects a commitment to companies that are not only technologically advanced but also possess strong management teams and clear pathways to market leadership. For instance, their HLM Venture Partners VII fund, closed in 2017, secured $200 million, underscoring their substantial capital base for these investments.

Beyond financial backing, HLM Venture Partners emphasizes a hands-on approach, leveraging its extensive industry expertise and deep network to support portfolio companies. The team comprises professionals with significant operational and investment experience in healthcare, offering strategic guidance, business development support, and access to key industry relationships. This value-add approach aims to foster sustainable growth and maximize the potential for successful exits. Over its history, the firm has made over 100 investments and facilitated more than 30 exits, demonstrating a consistent track record in the healthcare investment landscape.

Investor Profile

HLM Venture Partners has backed more than 133 startups, with 0 new investments in the last 12 months alone. The firm has led 38 rounds, about 29% of its total and boasts 47 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series Unknown, Series C, Series B rounds (top funding stages).
  • Majority of deals are located in United States, Canada, Denmark.
  • Strong thematic focus on Health Care, Medical, Information Technology.
  • Typical check size: $5M – $20M.

Stage Focus

  • Series Unknown (26%)
  • Series C (23%)
  • Series B (17%)
  • Series D (15%)
  • Series A (11%)
  • Series E (3%)
  • Debt Financing (2%)
  • Seed (2%)
  • Post Ipo Equity (1%)
  • Pre Seed (1%)

Country Focus

  • United States (96%)
  • Canada (2%)
  • Denmark (1%)
  • India (1%)

Industry Focus

  • Health Care
  • Medical
  • Information Technology
  • Software
  • Biotechnology
  • Hospital
  • Medical Device
  • Mhealth
  • Pharmaceutical
  • Enterprise Software
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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 HLM Venture Partners frequently co-invest with?

SV Health Investors
North America, Massachusetts, United States, Boston
Co-Investments: 7
Trident Capital
North America, California, United States, Palo Alto
Co-Investments: 7
The Blue Venture Fund
North America, Illinois, United States, Chicago
Co-Investments: 6
.406 Ventures
North America, Massachusetts, United States, Boston
Co-Investments: 6
Optum Ventures
North America, Massachusetts, United States, Boston
Co-Investments: 7
Sigma Partners
North America, Massachusetts, United States, Boston
Co-Investments: 10
Ascension Ventures
North America, Missouri, United States, Clarkton
Co-Investments: 6
OCA Ventures
North America, Illinois, United States, Chicago
Co-Investments: 7
Excel Venture Management
North America, Massachusetts, United States, Boston
Co-Investments: 8
LRVHealth
North America, Massachusetts, United States, Boston
Co-Investments: 14

Which angels does HLM Venture Partners often collaborate with?

John Livingston
North America, British Columbia, Canada, Vancouver
Shared Deals: 1
CP
North America, Colorado, United States, Denver
Shared Deals: 1
LB
North America, California, United States, San Francisco
Shared Deals: 1
Shared Deals: 1
MH
North America, Florida, United States, Miami Beach
Shared Deals: 2
CS
North America, Washington, United States, Kirkland
Shared Deals: 1
TF
North America, California, United States, San Jose
Shared Deals: 1

What are some of recent deals done by HLM Venture Partners?

Wayspring

Nashville, Tennessee, United States

Wayspring is a healthcare company focused on addressing substance use disorder (SUD) and other behavioral health issues.

Developer PlatformHealth CareRehabilitationSoftwareWellness
Series DMay 21, 2024
Amount Raised: $45,000,000
HealthEC

Edison, New Jersey, United States

HealthEC develops and delivers end-to-end technology solutions for exchanging healthcare information and managing population health.

AnalyticsConsultingHealth CareInformation TechnologyInternetSaaSSoftware
Series UnknownOct 24, 2023
Yuvo Health

New York, New York, United States

Yuvo Health is a leading solution to give community health centers an advantage in value-based care.

CommunitiesHealth CareMedical
Series AJun 7, 2023
Amount Raised: $20,200,000
Censinet

Boston, Massachusetts, United States

Censinet is a SaaS company in healthcare cybersecurity providing a two-sided network platform for third-party risk assessments.

Cyber SecurityHealth CareRisk ManagementSaaS
Series UnknownJan 11, 2023
Amount Raised: $9,000,000
Array Behavioral Care

Mount Laurel, New Jersey, United States

Array Behavioral Care telepsychiatry service provider with a mission to transform access to quality and timely behavioral health care.

Health Care
Series CJan 6, 2023
Amount Raised: $25,000,000
Hazel Health

San Francisco, California, United States

Hazel Health is a healthcare company that improves the health and well-being of students by increasing access to healthcare.

EducationHealth Care
Series COct 27, 2022
Amount Raised: $51,500,000
Tebra

Corona Del Mar, California, United States

Tebra provide independent healthcare practices with digital tools and support to thrive in a new era of healthcare.

Electronic Health Record (EHR)Health CareMedical
Series BJul 6, 2022
Amount Raised: $72,000,000
CareBridge

Nashville, Tennessee, United States

CareBridge is a provider of medicare and medicaid healthcare systems for patients and caregivers.

Health CareHome Health CareMedical
Series CJun 8, 2022
Amount Raised: $140,000,000
mPulse Mobile

Encino, California, United States

MPulse Mobile specializes in conversational AI and digital engagement solutions for the healthcare industry.

AnalyticsHealth CaremHealthMobile
Series UnknownJan 10, 2022
HarmonyCares

Troy, Michigan, United States

HarmonyCares is a home-based health care provider for adults and for those with complex medical issues.

Assisted LivingElder CareHealth CareHome Health CareNursing and Residential Care
Series UnknownNov 3, 2021