Endeavour Vision today announced the closure of Endeavour Medtech Growth II (EMG II) LP at a total capital commitment of USD 375 million. The fund will follow the same approach as its predecessor, which was to help early-stage Medtech and digital health advances that advance the quality of care and improve healthcare system efficiencies. EMG II LP was funded by both current and returning investors, including public pension funds, multi-manager funds, family offices, and high-net-worth individuals. EMG II LP expands on Endeavour Vision's two decades of healthcare investment, which has resulted in over USD 500 million invested in 42 businesses, 21 of which have exited through acquisition or IPO.
The fund's closure comes as the world prepares for post-pandemic existence after more than a year in the hands of COVID-19, a crisis that has driven the introduction of emerging healthcare technologies, including innovative methods of providing remote patient treatment. Underlying factors such as aging populations, chronic diseases, and tightening healthcare budgets will continue to drive appetite for cost-effective solutions. As a result, healthcare advancement is expected to remain a long-term focus, generating attractive growth and a rich range of opportunities for investors.
The fund has now invested more than USD 100 million in seven companies: IntelyCare, CeQur, Rapid Micro Biosystems, SOPHiA GENETICS, Nalu Medical, Lumeon, and Relievant Medsystems.
Endeavor Vision is one of the world's leading Medtech and digital health investment teams. The firm collaborates with game-changing businesses, aggressively assisting them with strategic and organizational experience to encourage their global success beyond finance.
About Endeavour Vision
Endeavour Vision, established in 2000, is a venture capital and growth equity company that invests in early-stage Medtech and digital health businesses in Europe and the United States. Its foreign investment teams are located in two major healthcare hubs in Geneva, Switzerland, and Minneapolis.