Investment Summary

River Cities Capital Funds Invests In Standard Bariatrics

On June 1, 2021, venture capital firm River Cities Capital Funds invested in medical products company Standard Bariatrics

Investment Highlights
  • This is River Cities Capital Funds’ 6th transaction in the Medical Products sector.
  • This is River Cities Capital Funds’ 16th transaction in the United States.
  • This is River Cities Capital Funds’ 2nd transaction in Ohio.
Investment Fate
  • Standard Bariatrics was sold to a strategic buyer in 2022 for 170M USD.

Investment Summary

Date 2021-06-01
Target Standard Bariatrics
Sector Medical Products
Investor(s) River Cities Capital Funds
Deal Type Venture

Target

Standard Bariatrics

Cincinnati, Ohio, United States
Standard Bariatrics is a surgical procedure company focused on the innovative development and commercialization of medical devices. Driven by a passionate group of surgical innovators, the company continues to release surgical solutions designed to address significant market opportunities. Standard Bariatrics was founded in 2014 and is based in Cincinnati, Ohio.

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Investor(S) 1

Investor
DESCRIPTION

River Cities Capital Funds is a growth equity investment firm focused on healthcare services and information technology companies. River Cities seeks to invest $5 to $15 million in companies with at least $5 million in revenue. The Firm generally targets companies that pursue large, established markets with disruptive, “better, faster, cheaper” solutions. River Cities Capital Funds was established in 1994 and is headquartered in Cincinnati, Ohio.


DEAL STATS #
Overall 16 of 20
Sector: Medical Products M&A 6 of 7
Type: Venture M&A Deals 12 of 13
State: Ohio M&A 2 of 3
Country: United States M&A 16 of 20
Year: 2021 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-24 DialogTech

Chicago, Illinois, United States

DialogTech is an operator of voice-channel management platform providing insights on customer calls to data-driven organizations. DialogTech was founded in 2005 and is based in Chicago, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-18 SPR Therapeutics

Cleveland, Ohio, United States

SPR Therapeutics is a medical device company, providing patients with a non-opioid, minimally invasive pain treatment option. Our SPRINT® PNS System fulfills a critical unmet need for a drug-free, surgery-free option for millions who suffer from chronic pain. Backed by the largest body of clinical evidence, SPR has demonstrated commercial demand in untapped peripheral (shoulder and knee) and back pain markets and built an incredibly strong foundation for commercial growth. SPR Therapeutics is based in Cleveland, Ohio.

Buy -