ValenTx
Company

Last deal

$1.97M

Amount

Venture - Series Unknown

Stage

01.02.2019

Date

3

all rounds

$49.16M

Total amount

date founded

Financing round

General

About Company
ValenTx is a medical device company that develops minimally-invasive treatments for morbid obesity.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.2002

Number of employees

Company Type

For Profit

Last funding type

Venture - Series Unknown

IPO status

Private

Description

Founded in 2002 and based in Maple Grove, Minnesota, ValenTx focuses on developing therapies that address obesity-related metabolic disorders, including type-2 diabetes and hypertension. The company's innovative approach involves the use of medical devices that are designed to be less invasive than traditional surgical procedures, making them safer and more effective for patients. With a commitment to improving patient outcomes and quality of life, ValenTx is poised to become a leader in the field of minimally-invasive obesity treatments.
Contacts

Contact Email

Phone number

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Financials

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Number of Funding Rounds

$49.16M

Money Raised

Their latest funding was raised on 01.02.2019. Their latest round Venture - Series Unknown

Date 
Funding Round 
Investors 
Money Raised 
Lead 
01.02.2019
$1.97M
16.08.2018
$10.27M
07.10.2016
1
Co-Investors
Investors
8
2

Number of lead investors

8

Number of investors

Investor 
Lead 
Round 
Partners 
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Dave Schulte

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Dave has more than 15 years of experience, as an investor and investment banker, partnering with entrepreneurs to build innovative health care and technology businesses. He joined Kasier Permanente Ventures in 2003 and helped build KP's investment program. He is now responsible for managing the Fund's investment strategy and day to day activities. Prior to KP Ventures, Dave was a health care and software investment banker at J.P. Morgan, UBS, and Piper Jaffray. He serves or served as a Board Director or Observer for several companies: Atheromed, Baxano (sold to Trans1), Hemosphere (sold to Cryolife) , MetricStream, Nursefinders (sold to Goldman Sachs), Proteus Biomedical, Pulmonx, ValenTx, Valeritas and Xanitos. Dave is a graduate of St. John's University and earned a Master of Public Policy degree from Harvard University.

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People

Founders
1

Mitchell Dann

Mitchell Dann serves as the Principal and General Partner of Sapient Capital Management LLC. Mr. Dann is also employed at Sapient Capital, L.P., which he founded. He Co-founded Valentx, Inc. in 2002. He has spent over 20 years working with healthcare start-ups, serving as a venture capitalist, advisor, entrepreneur and executive. He is a Co-Founder of Urologix. He served as the Acting Chief Executive Officer on two separate occasions at Urologix. At Urologix, Mr. Dann also served as a Board Member for 14 years and as Chairman of the Board from 1993 to 2003. He joined Investment Advisers, Inc. (IAI) in 1982 as a buy side Analyst following emerging growth companies in the Upper Midwest. In 1983, Mr. Dann co-founded IAI Venture Capital Group. While at IAI Venture Capital Group, his investment focus was healthcare and was responsible for investments in 18 companies and several venture capital partnerships. Mr. Dann served as Vice President, Partner and anaging Partner and under his leadership, the funds under management grew to over $150 million from 1983 to 1991. He also was responsible for investments in Digital Microwave Corporation, International Healthcare Corporation; Mycogen, Inc. Quantum Health Resources, Inc., Tricare, Neurocare and several other companies. He serves as the Chairman of ValenTx, Inc. He served as its Chairman since February 25, 2008. Mr. Dann serves as a Director of Hemosphere, Inc. He served as a Lead Director of Urologix Inc., since August 2008. He served as a Director of TranS1, Inc. until June 23, 2011. He served as a Director of Mitralif. He was the Chairman of Oncotherapeutics, Inc. and a Director of Endotherapeutics, Inc., Endosonics, Inc., Teltech, Inc., and Delphax Technologies, Inc. Mr. Dann serves on the Advisory Board of the Medical Technology Leadership Forum. He received a B.Sc. Degree in Engineering.

current job

ValenTx
ValenTx

organization founded

1

Mitchell Dann

Employee Profiles
2

Mitchell Dann

Founder & Chairman of The Board

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