Investment Summary

Telegraph Hill Partners and Ballast Point Ventures Invest In Carterra

On January 17, 2018, venture capital firm Telegraph Hill Partners and growth capital firm Ballast Point Ventures invested in medical products company Carterra

Investment Highlights
  • This is Telegraph Hill Partners’ 15th and Ballast Point Ventures’ 6th transaction in the Medical Products sector.
  • This is Telegraph Hill Partners’ 23rd and Ballast Point Ventures’ 33rd transaction in the United States.
  • This is Telegraph Hill Partners’ 1st and Ballast Point Ventures’ 1st transaction in Utah.

Investment Summary

Date 2018-01-17
Target Carterra
Sector Medical Products
Investor(s) Telegraph Hill Partners
Ballast Point Ventures
Deal Type Venture

Target

Carterra

Salt Lake City, Utah, United States
Carterra is a provider of innovative technologies designed to accelerate the discovery of novel therapeutic candidates. Carterra’s high throughput LSA™ instrument for monoclonal antibody (mAb) screening and characterization combines patented microfluidics technology with real-time High Throughput Surface Plasmon Resonance (HT-SPR) and industry-leading Kinetic and Epitope analysis and visualization software, delivering up to 100 times the throughput in 10% of the time while using only 1% of the sample compared to existing platforms. Carterra was founded in 2005 and is based in Salt Lake City, Utah.

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Investor(S) 2

Investor

Telegraph Hill Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 2001
Size Middle-Market
Type Sector Focused
DESCRIPTION

Telegraph Hill Partners is a specialist private equity firm focused on investing in later-stage life science, medical device, and healthcare companies. Prospective companies should be at or near profitability and demonstrate success. Other areas of interest within the healthcare sector include life science technologies, chemistry/reagent suppliers, and information management. Telegraph Hill Partners was formed in 2001 and is based in San Francisco, California.


DEAL STATS #
Overall 26 of 33
Sector (Medical Products) 15 of 17
Type (Venture) 15 of 20
State (Utah) 1 of 1
Country (United States) 23 of 30
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-24 Verogen

San Diego, California, United States

Verogen is a developer, manufacturer, and sells forensic genomics products and services, including for next-generation sequencing. Verogen was formed in 2017 and is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-02 Akoya Biosciences

Marlborough, Massachusetts, United States

Akoya Biosciences is a developer of technologies for life science researchers to enable spatially-resolved, quantitative tissue phenotyping at the cellular and subcellular level. The combined technologies of Phenoptics and CODEX are fueling advances in next-generation tissue analysis by providing comprehensive solutions including instrumentation, reagents, and software. Akoya Biosciences was founded in 2015 and is based in Marlborough, Massachusetts.

Buy -
Investor

Ballast Point Ventures

Tampa, Florida, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2001
PE ASSETS 550M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ballast Point Ventures is a private investment firm that targets growth businesses located in the South US. Ballast Point looks to commit $1 to $5 million of equity capital per transaction and looks for businesses in markets with annual revenues of at least $100 million. Sectors of interest include healthcare, information technology (IT), financial services, communications, business services, and consumer products/services. Ballast Point Ventures was formed in 2001 and is based in St. Petersburg, Florida.


DEAL STATS #
Overall 33 of 44
Sector (Medical Products) 6 of 8
Type (Venture) 10 of 18
State (Utah) 1 of 1
Country (United States) 33 of 44
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-27 Symphonic Distribution

Tampa, Florida, United States

Symphonic Distribution provides global digital music and video distribution through a comprehensive technology platform, marketing planning and strategy, including playlist support, and a comprehensive suite of services for artists, record labels, managers, and distributors. Symphonic Distribution was founded in 2006 and is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-25 PowerDMS

Orlando, Florida, United States

PowerDMS, Inc. is a cloud-based policy management software company. The application provides practical tools to organize and manage critical content and industry standards, train, and test employees, and uphold proof of compliance, thereby helping organizations reduce risk and liability. The company simplifies document management through powerful collaboration, process, and automation. PowerDMS was formed in 2001 and is based in Orlando, Florida.

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