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Safeguard Scientifics

North America, Pennsylvania, United States, Radnor

Description

Safeguard Scientifics, historically a unique publicly traded company (NYSE: SFE), has operated as a growth-stage investor, providing capital and operational support to innovative healthcare and technology companies. Unlike traditional venture capital firms, its public listing allowed a different funding mechanism for its investment activities. For decades, Safeguard focused on identifying and nurturing promising businesses, aiming to drive their growth and eventual exits. Its investment philosophy centered on taking significant minority stakes in companies it believed had high potential for market disruption and value creation.

During its active investment phase, Safeguard Scientifics typically deployed initial capital commitments ranging from $5 million to $25 million per company. This strategic funding was directed towards growth-stage enterprises within sectors such as digital health, healthcare IT, enterprise software, and fintech. Beyond capital, Safeguard prided itself on providing hands-on operational guidance, leveraging its extensive network and expertise to help portfolio companies scale, refine their business models, and navigate market challenges. Historically, Safeguard has invested in over 200 companies since its inception, demonstrating a long-standing commitment to fostering innovation.

However, Safeguard Scientifics has undergone a significant strategic transformation in recent years. The company has shifted its focus from making new investments to monetizing its existing portfolio and returning capital to shareholders. This strategic pivot means that Safeguard is no longer actively deploying new capital into growth-stage companies. Instead, its current operations are primarily centered on managing and divesting its remaining portfolio assets, a process that has seen a substantial reduction in the number of its holdings and a significant return of capital to investors.

Therefore, while Safeguard Scientifics historically played a notable role in the growth equity landscape, its current operational model is one of strategic divestment rather than new venture investment. Its past investment range of $5 million to $25 million reflects a period when it was an active participant in funding innovative growth-stage companies.

Investor Profile

Safeguard Scientifics has backed more than 129 startups, with 0 new investments in the last 12 months alone. The firm has led 74 rounds, about 57% of its total and boasts 41 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series B, Series A, Series Unknown rounds (top funding stages).
  • Majority of deals are located in United States, Canada.
  • Strong thematic focus on Health Care, Software, Medical.
  • Typical check size: $5M – $25M.

Stage Focus

  • Series B (33%)
  • Series A (22%)
  • Series Unknown (17%)
  • Series C (13%)
  • Series D (9%)
  • Seed (3%)
  • Private Equity (2%)
  • Series F (1%)
  • Series E (1%)

Country Focus

  • United States (99%)
  • Canada (1%)

Industry Focus

  • Health Care
  • Software
  • Medical
  • Biotechnology
  • Analytics
  • Medical Device
  • Information Technology
  • Internet
  • Saas
  • Health Diagnostics
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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 Safeguard Scientifics frequently co-invest with?

3M New Ventures
North America, Minnesota, United States, Saint Paul
Co-Investments: 4
Novitas Capital
North America, Pennsylvania, United States, Wayne
Co-Investments: 9
Hikma Ventures
Europe, England, United Kingdom, London
Co-Investments: 4
Ascension Ventures
North America, Missouri, United States, Clarkton
Co-Investments: 5
Merck Global Health Innovation Fund
North America, New Jersey, United States, Whitehouse Station
Co-Investments: 6
Social Capital
North America, California, United States, Menlo Park
Co-Investments: 7
Delphi Ventures
North America, California, United States, San Mateo
Co-Investments: 3
BioAdvance
North America, Pennsylvania, United States, Philadelphia
Co-Investments: 5
BioStar Capital
North America, Michigan, United States, Petoskey
Co-Investments: 4
Intel Capital
North America, California, United States, Santa Clara
Co-Investments: 3

Which angels does Safeguard Scientifics often collaborate with?

ML
North America, New York, United States, New York
Shared Deals: 1
David Pottruck
North America, California, United States, San Francisco
Shared Deals: 1
RH
North America, District of Columbia, United States, Washington
Shared Deals: 1
EL
North America, New Jersey, United States, Demarest
Shared Deals: 1

What are some of recent deals done by Safeguard Scientifics?

Prognos Health

New York, New York, United States

Prognos Health creates a healthcare analytics platform that uses patient-level data to generate clinical insights.

AnalyticsHealth CareHealth Diagnostics
Series UnknownMay 4, 2023
Amount Raised: $23,288,367
Syapse

San Francisco, California, United States

Syapse is a real-world evidence company dedicated to extinguishing the fear and burden of serious disease by advancing real-world care

Big DataBioinformaticsCloud ComputingHealth CareInformation ServicesInformation TechnologyPrecision Medicine
Series UnknownJul 27, 2022
Amount Raised: $35,000,000
Moxe Health

Madison, Wisconsin, United States

Moxe Health streamlines the bi-directional exchange of clinical data between health plans and provider systems.

Health CareHospitalMedicalWellness
Series BJun 1, 2022
Amount Raised: $30,000,000
Moxe Health

Madison, Wisconsin, United States

Moxe Health streamlines the bi-directional exchange of clinical data between health plans and provider systems.

Health CareHospitalMedicalWellness
Series UnknownJan 11, 2021
Syapse

San Francisco, California, United States

Syapse is a real-world evidence company dedicated to extinguishing the fear and burden of serious disease by advancing real-world care

Big DataBioinformaticsCloud ComputingHealth CareInformation ServicesInformation TechnologyPrecision Medicine
Series FMay 28, 2020
Amount Raised: $30,000,000
Trice Medical

Malvern, Pennsylvania, United States

Trice Medical specializes in providing solutions for orthopedic diagnostics.

Health CareHealth DiagnosticsMedicalMedical Device
Series CJan 14, 2019
Amount Raised: $18,300,000
InfoBionic

Billerica, Massachusetts, United States

InfoBionic is the leading Virtual Telemetry Platform with connected devices manufactured in the US

Artificial Intelligence (AI)BiotechnologyHealth CareHealth DiagnosticsMedical Device
Series UnknownSep 12, 2018
Amount Raised: $50,000,000
Zipnosis

Minneapolis, Minnesota, United States

Zipnosis is a hospital and healthcare company that specializes in online diagnosis and triage, telehealth, and virtual care.

Health CareInformation TechnologyMedicalmHealth
Series BAug 17, 2018
Amount Raised: $3,000,000
meQuilibrium

Boston, Massachusetts, United States

meQuilibrium offers individuals and employees online stress management solutions and measurements.

AnalyticsHealth CareHealth DiagnosticsInternetSoftware
Series CAug 14, 2018
Amount Raised: $7,000,000
Propeller Health

Madison, Wisconsin, United States

Propeller Health is a mobile platform that offers sensors, mobile apps, analytics, and services to support respiratory health management.

Health CareMedicalMedical DevicemHealth
Series DMay 30, 2018
Amount Raised: $20,000,000