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BioStar Capital

North America, Michigan, United States, Petoskey

Description

BioStar Ventures is a specialized venture capital firm based in Petoskey, United States, dedicated to investing in early to later-stage medical device companies. The firm's core focus lies in breakthrough technologies within the cardiovascular and orthopedic medicine sectors, aiming to support innovations that address significant unmet clinical needs and improve patient outcomes. With a deep understanding of the regulatory landscape and market dynamics in the medical device industry, BioStar Ventures provides not only capital but also strategic guidance and operational support to its portfolio companies.

The firm's investment strategy is characterized by its commitment to long-term partnerships, often participating in multiple funding rounds as companies mature. BioStar Ventures typically targets initial investments ranging from $5 million to $15 million, demonstrating a preference for substantial early-stage commitments that can significantly propel a company's development. While their initial checks fall within this range, the firm has the capacity to invest up to $25 million over the lifecycle of a single portfolio company, underscoring their dedication to supporting successful ventures through various growth phases.

BioStar Ventures has built a robust track record, having raised over $250 million in capital commitments across four distinct funds. This substantial capital base enables them to be a significant player in the medical device investment landscape. As of recent data, the firm has made over 40 investments and successfully achieved 16 exits, validating their expertise in identifying and nurturing promising medical technology companies. Their portfolio reflects a diverse range of innovations, from novel surgical instruments to advanced diagnostic tools, all aligned with their mission to advance healthcare.

Investor Profile

BioStar Capital has backed more than 47 startups, with 0 new investments in the last 12 months alone. The firm has led 13 rounds, about 28% of its total and boasts 12 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series B, Series C, Series D rounds (top funding stages).
  • Majority of deals are located in United States, Israel, Italy.
  • Strong thematic focus on Medical Device, Health Care, Medical.
  • Typical check size: $5M – $15M.

Stage Focus

  • Series B (38%)
  • Series C (19%)
  • Series D (11%)
  • Series A (11%)
  • Post Ipo Equity (6%)
  • Series F (4%)
  • Debt Financing (4%)
  • Series Unknown (4%)
  • Private Equity (2%)

Country Focus

  • United States (89%)
  • Israel (6%)
  • Italy (4%)

Industry Focus

  • Medical Device
  • Health Care
  • Medical
  • Biotechnology
  • Manufacturing
  • Health Diagnostics
  • Robotics
  • Wellness
  • Therapeutics
  • Pharmaceutical
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does BioStar Capital frequently co-invest with?

Hudson Executive Capital
North America, New York, United States, New York
Co-Investments: 3
Domain Associates
North America, California, United States, San Diego
Co-Investments: 3
Safeguard Scientifics
North America, Pennsylvania, United States, Radnor
Co-Investments: 4
Triventures
Asia, Tel Aviv, Israel, Herzliya
Co-Investments: 4
Essex Woodlands Healthcare Partners
North America, California, United States, Palo Alto
Co-Investments: 3
Edwards Lifesciences
North America, California, United States, Irvine
Co-Investments: 3
Deerfield
North America, New York, United States, New York
Co-Investments: 4
Morgenthaler Ventures
North America, California, United States, Menlo Park
Co-Investments: 3
Pontifax
Asia, Tel Aviv, Israel, Herzliya
Co-Investments: 3
MF
North America, California, United States, Irvine
Co-Investments: 4

What are some of recent deals done by BioStar Capital?

Field Medical

Cardiff By The Sea, California, United States

Field Medical helps physicians, cardiologists, and patients to achieve the best possible outcomes during cardiac ablation procedures.

ManufacturingMedicalMedical Device
Series BJul 1, 2025
Amount Raised: $35,000,000
Nectero Medical

Tempe, Arizona, United States

Nectero Medical develops a novel treatment to stabilize growth and prevent rupture of mid-sized abdominal aortic aneurysms.

BiotechnologyHealth CareHealth DiagnosticsMedical Device
Series DApr 11, 2024
Amount Raised: $96,000,000
MMI

Pisa, Toscana, Italy

MMI is focused on advancing robotic technology for soft tissue open surgery with the world's smallest wristed instruments.

Health CareMedicalMedical DeviceRobotics
Series CFeb 21, 2024
Amount Raised: $110,000,000
Amplitude Vascular Systems

Ann Arbor, Michigan, United States

Amplitude Vascular Systems is a medical device company focused on safely and effectively treating severely calcified arterial disease.

Health CareMedicalMedical Device
Series BApr 4, 2023
Amount Raised: $8,800,000
Amplitude Vascular Systems

Ann Arbor, Michigan, United States

Amplitude Vascular Systems is a medical device company focused on safely and effectively treating severely calcified arterial disease.

Health CareMedicalMedical Device
Series BJan 5, 2023
Amount Raised: $20,000,000
Amplitude Vascular Systems

Ann Arbor, Michigan, United States

Amplitude Vascular Systems is a medical device company focused on safely and effectively treating severely calcified arterial disease.

Health CareMedicalMedical Device
Series AOct 26, 2022
Amount Raised: $1,240,000
REVA Medical

San Diego, California, United States

REVA Medical develops bioresorbable polymers for vascular applications.

BiotechnologyHealth CareMedicalWellness
Series BAug 9, 2022
Amount Raised: $45,000,000
MMI

Pisa, Toscana, Italy

MMI is focused on advancing robotic technology for soft tissue open surgery with the world's smallest wristed instruments.

Health CareMedicalMedical DeviceRobotics
Series BJul 20, 2022
Amount Raised: $75,000,000
Ablative Solutions

Wakefield, Massachusetts, United States

Ablative Solutions is a medical device firm that offers an alternative to surgical renal denervation for treating hypertension.

BiotechnologyHealth CareMedical Device
Series DJun 13, 2022
Amount Raised: $91,400,000
Foldax

Salt Lake City, Utah, United States

Foldax is engages in synthetic heart valve development to deliver non-thrombogenic aortic and mitral valves at dramatically lower cost.

Developer PlatformManufacturingMedical Device
Series DJun 22, 2020
Amount Raised: $20,000,000