MedTex Ventures has closed its first fund, Biotex Medical Device Fund I, which held its final close on 1 March with USD46.5 million in commitments.
The fund will invest in early-stage medical devices, with a focus on Seed and Series A rounds.
Since its initial close in March 2021, the Fund has made investments in ten device companies across various surgical, diagnostic and therapeutic applications. The Fund also offers co-investment opportunities to its limited partners, providing another source of capital for its portfolio companies, and raised USD2.5 million in its first co-invest vehicle last summer.
