Recently, NHCV’s own J. Burner Crew and Rem Harris spoke with Crain’s Cleveland Business about our debut fund. Topics included, why the firm is choosing to invest in the Midwest healthcare sector and why the focus is on funding growing companies in need of early-stage (Late-Seed and Series A) capital.
“We have all these health care systems and higher education systems that spawn all kinds of early-stage tech” said Crew. “But there comes a time to commit and keep those companies here. And that is where we saw opportunity.” Harris adds,
If there is more risk capital here, the best opportunities get funded, and they won’t have to leave. That’s an issue we hear with companies across the board that say it’s hard to raise money here, but if they go to Silicon Valley, they can raise there.”
Crew goes on to highlight NHVC’s powerhouse advisory board and consulting physicians as two factors that “separate it from the pack.”
We are here to make a statement, not just about the Midwest but about the expertise embedded in the Midwest,” he said. “Our knowledge. Our team. Our experience. That is what differentiates us.”
To read the full article at Crain’s Cleveland Business (subscription required), go to: https://www.crainscleveland.com/finance/cleveland-founded-nirvana-healthcare-ventures-targeting-midwest-startups