Investment Summary

SightLine Partners Invests In Verax Biomedical

On October 14, 2005, growth capital firm SightLine Partners invested in test/measurement equipment company Verax Biomedical

Investment Highlights
  • This is SightLine Partners’ 1st transaction in the Test/Measurement Equipment sector.
  • This is SightLine Partners’ 2nd transaction in the United States.
  • This is SightLine Partners’ 2nd transaction in Massachusetts.

Investment Summary
Date 2005-10-14
Target Verax Biomedical
Sector Test/Measurement Equipment
Investor(s) SightLine Partners
Deal Type Venture

Target

Verax Biomedical

Marlborough, Massachusetts, United States
website
Verax Biomedical develops bacterial testing techniques intended to address key unmet medical and safety needs. Verax Biomedical was founded in 1999 and is based in Marlborough, Massachusetts.

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Investor(S) 1

Investor

SightLine Partners

Bloomington, Minnesota, United States

Investor Investor Investor Investor

website

Category Growth Capital Firm
Founded 2004
Size Small
Type Sector Focused
DESCRIPTION

SightLine Partners is a private investment firm that targets early to late stage investments in growing healthcare and medical technology companies. Depending on the maturity of the company, Sightline will invest between $2 and $8 million per transaction. SightLine prefers US based opportunities. SightLine Partners LLC was formed in 2004 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 2 of 5
Sector (Test/Measurement Equipment) 1 of 1
Type (Venture) 2 of 5
State (Massachusetts) 2 of 2
Country (United States) 2 of 5
Year (2005) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-16 Axya Medical

Beverly, Massachusetts, United States

Axya Medical, Inc. provides proprietary technology for the welding of surgical sutures and polymers for minimally invasive surgery and tissue approximation.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-09 Solarant Medical

Livermore, California, United States

Solarant Medical, Inc. provides innovative technology to cure female stress urinary incontinence.

Sell -
Mergr

Product

Company

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