TEXO Ventures, a venture capital firm focused on building innovative
healthcare companies through seed and early stage investment, announced
the official launch of their new investment approach.
“I
know and have worked alongside the founders of TEXO for many years. They
have a strong track record of identifying and growing successful
healthcare companies. What they will offer companies in the initial
stages of commercialization are vital counsel, capital and skills to
help entrepreneurs purposefully grow their companies.”
Founded by Philip Sanger, M.D., Jerry DeVries and Randall Crowder, TEXO
Ventures draws on its partners’ expertise in healthcare and business
development to create a new model for building innovative healthcare
companies. TEXO makes seed and early-stage investments up to $2 million
in healthcare companies led by passionate entrepreneurs.
Derived from the Latin word texo, meaning to build with great
care, TEXO Ventures recognizes that the key to a company’s long-term
success is making smart decisions from the very beginning. Working
side-by-side with our entrepreneurs, TEXO Ventures provides both the
capital and the collaboration needed for successful commercialization.
Jimmy Treybig, a successful entrepreneur and venture partner with New
Enterprise Associates, believes that “Texas is an attractive business
environment for healthcare companies. In particular, Austin has a strong
community of healthcare companies and professionals that continues to
grow and positively impact our local economy. The local healthcare
eco-system will truly benefit from having an investment firm like TEXO
Ventures, which proactively partners with and mentors young healthcare
companies after they invest.”
Joe Cunningham, M.D., a managing director at Sante Ventures adds, “I
know and have worked alongside the founders of TEXO for many years. They
have a strong track record of identifying and growing successful
healthcare companies. What they will offer companies in the initial
stages of commercialization are vital counsel, capital and skills to
help entrepreneurs purposefully grow their companies.”
Many healthcare start-ups chose Texas because of its business-friendly
environment, pool of human capital, and strategic location to some of
the largest medical centers in the country. TEXO Ventures recognizes
this unique environment as an opportunity to offer years of practical
business experience to successfully launch and grow healthcare companies.