Intuitive Ventures, a Sunnyvale, CA-based early-stage firm investing in companies reimagining the future of minimally invasive care, closed its second fund, at $150m.
With Fund II, Intuitive Ventures will invest in founders creating transformative value across three areas of investment focus:
- Improving access and coordination: lowering the barriers to care through driving efficient, cost-effective, accessible and coordinated care
- Precision diagnostics and interventions: leveraging the convergence of MedTech, life sciences, and therapeutics to drive precise diagnostics and interventions
- Secure, enriched digital ecosystems: unlocking the potential of novel healthcare data to enhance minimally invasive care
In 2020, Intuitive Surgical launched a separately-chartered entity, Intuitive Ventures, funding its inaugural $100m fund. Since launch, the team has invested in more than 10 transformative startups that have gained exciting momentum and created value across the care continuum. Fund II will continue this strategy and will invest in a brand new vintage of visionary startups while drawing on Intuitive Surgical’s network and corporate oversight.
Going forward, Intuitive Ventures Fund II will be led by Murielle Thinard McLane, who joined the team in early 2023. Thinard McLane is a seasoned operator and executive with over 20 years experience building and scaling organizations as an investor, entrepreneur and Fortune 500 executive. She takes over the role of Managing Partner and Head of Intuitive Ventures from Oliver Keown MD, who has decided to pursue a new chapter in entrepreneurship as a startup founder and CEO. Keown will continue his support of new and existing investments as a Venture Partner with the firm.