Safeguard Scientifics

Company

Investment-firm

Last deal

$75M

Amount

Post-IPO Debt

Stage

12.05.2017

Date

1

all rounds

$75M

Total amount

Financing round

General

About Company
Safeguard Scientifics provides capital and operational support to growth-stage health care and technology companies.

Industry

Sector :

Subsector :

Keywords :

founded date

11.09.1953

Number of employees

Company Type

For Profit

Last funding type

Post-IPO Debt

IPO status

Private

Description

Safeguard Scientifics is a proven partner for entrepreneurs looking to accelerate growth and build long-term value in their businesses. They specialize in providing capital and relevant expertise to fuel the growth of technology-driven businesses in healthcare, financial services, and digital media. Safeguard targets companies that are capitalizing on the next wave of enabling technologies with a particular focus on the Internet of Everything, enhanced security and artificial intelligence. They typically invest between $5 million and $25 million over the course of its partnership with a company, initially investing in a Series A or B Round and opportunistically in a Seed Round.
Contacts

Contact Email

Phone number

Social url

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Financials

Funding Rounds
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Number of Funding Rounds

$75M

Money Raised

Their latest funding was raised on 12.05.2017. Their latest investor HPS Investment Partners. Their latest round Post-IPO Debt

Date 
Funding Round 
Investors 
Money Raised 
Lead 
HPS Investment Partners

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Sector

Closed End Investments

Subsector

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New York, NY, USA

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Co-Investors
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1

Number of lead investors

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Number of investors

Investor 
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Partners 
Yes
Post-IPO Debt
HPS Investment Partners

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People

Founders
2
Warren Musser
Warren Musser

Warren Musser

A veteran of the technology and financial industries, Pete Musser has been a leading figure in the business world as both an entrepreneur and a chief executive for more than 50 years. Pete is perhaps best known for his role at Safeguard Scientifics, Inc. As the Chairman of the Board and Chief Executive Officer from 1953 until 2001, he facilitated the formation and success of many of today’s top Fortune companies, including QVC, Comcast, Novell, Inc. and more. Today, Pete continues to serve as Chairman Emeritus of Safeguard, and is also the President and Chief Executive Officer of The Musser Group, a financial consulting company. He also remains active on a number of corporate boards as a Director of Internet Capital Group, Inc., NutriSystem, Inc., InfoLogix, Inc., and Health Benefits Direct Corp. Pete is a strong supporter of and contributor to the community at-large. He is a member of a variety of civic, educational, and charitable boards of directors, and serves as Chairman of Economics PA. Pete earned a B.S. in Industrial Engineering at Lehigh University.

current job

The Musser Group
The Musser Group

Warren Musser

Daniel M. Skovronsky
Daniel M. Skovronsky

Daniel M. Skovronsky

Dr. Daniel Skovronsky serves as Executive Vice President, Chief Scientific and Medical Officer, and President, Lilly Research Laboratories, and President of Lilly Immunology at Eli Lilly. He also serves as a Board Member at Eli Lilly and Company Foundation. Dr. Skovronsky serves as Executive Vice President, Chief Medical Officer & Chief Scientific Officer at Eli Lilly. He also serves as the President at Lilly Research Laboratories. He was the Founder and served as the President & Chief Executive Officer of Avid Radiopharmaceuticals. He also serves as an Advisor at Safeguard Scientifics. Dr. Skovronsky received his M.D. and Ph.D. from the University of Pennsylvania and did his undergraduate training in molecular biochemistry at Yale University. Dr. Skovronsky is the recipient of numerous scientific and business awards and was recently named by the Philadelphia Business Journal as one of their "Forty under Forty" business leaders in the region. Dr. Skovronsky recently received the Ernst & Young Entrepreneur Of The Year®; 2009 Award in the Emerging Company category in Greater Philadelphia, which recognizes outstanding entrepreneurs who are building and leading dynamic, growing businesses. [Source: Public Company Filing]

current job

Eli Lilly
Eli Lilly

organization founded

2

Daniel M. Skovronsky

Employee Profiles
76
Scott Snyder

Scott Snyder

Chief Technology and Innovation Officer

Tina Aufiero

Tina Aufiero

Managing Director

Caitlin Laird

Senior paralegal

Jason Acevedo

Jason Acevedo

Corporate Counsel

Seth Zuckerman

Seth Zuckerman

Senior Associate, Healthcare

Wanda Lee

Wanda Lee

Associate, Technology

Steven J. Grenfell

Steven J. Grenfell

SVP of Operations

Ming Fang

Ming Fang

Principal, Healthcare

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