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Tullis Health Investors

North America, Connecticut, United States, Stamford

Description

Tullis Health Investors is a well-established private equity firm dedicated exclusively to the healthcare sector, operating from Stamford, Connecticut. The firm distinguishes itself by focusing on middle-market companies across a broad spectrum of healthcare sub-sectors, including healthcare services, medical devices, diagnostics, and specialty pharmaceuticals. Their investment approach is flexible, encompassing growth equity, recapitalizations, buyouts, and structured equity investments, allowing them to tailor solutions to the specific needs of their portfolio companies.

The firm typically targets companies with revenues ranging from $10 million to $100 million and EBITDA between $2 million and $15 million, indicating a preference for businesses with established operations and proven profitability. Tullis Health Investors aims to deploy a significant amount of capital into each transaction, with a typical equity investment ranging from $10 million to $30 million. They also possess the capacity to facilitate larger investments through co-investments with partners, demonstrating their ability to support substantial growth initiatives.

Since its inception, Tullis Health Investors has built a robust track record, having raised over $500 million in capital across multiple funds. This substantial capital base has enabled them to complete more than 50 investments throughout their history, showcasing their deep experience and consistent activity within the healthcare investment landscape. Their long-standing presence and specialized focus underscore their commitment to fostering growth and value creation in the dynamic healthcare industry.

Investor Profile

Tullis Health Investors has backed more than 40 startups, with 0 new investments in the last 12 months alone. The firm has led 13 rounds, about 33% of its total and boasts 17 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series Unknown, Series B, Series A rounds (top funding stages).
  • Majority of deals are located in United States.
  • Strong thematic focus on Health Care, Biotechnology, Therapeutics.
  • Typical check size: $10M – $30M.

Stage Focus

  • Series Unknown (25%)
  • Series B (20%)
  • Series A (18%)
  • Series D (15%)
  • Series C (13%)
  • Debt Financing (5%)
  • Series F (5%)

Country Focus

  • United States (95%)

Industry Focus

  • Health Care
  • Biotechnology
  • Therapeutics
  • Medical
  • Health Diagnostics
  • Life Science
  • Genetics
  • Medical Device
  • Pharmaceutical
  • Manufacturing
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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 Tullis Health Investors frequently co-invest with?

Oakwood Medical Investors
North America, Missouri, United States, St Louis
Co-Investments: 2
Pacific Horizon Ventures
North America, Washington, United States, Seattle
Co-Investments: 2
Sun Mountain Capital
North America, New Mexico, United States, Santa Fe
Co-Investments: 8
Cottonwood Technology Fund
North America, New Mexico, United States, Santa Fe
Co-Investments: 7
EPIC Ventures
North America, Utah, United States, Salt Lake City
Co-Investments: 6
MV
North America, California, United States, San Diego
Co-Investments: 4
vSpring Capital
North America, Utah, United States, Salt Lake City
Co-Investments: 3
Split Rock Partners
North America, Minnesota, United States, Minneapolis
Co-Investments: 2
Affinity Capital Management
North America, Minnesota, United States, Minneapolis
Co-Investments: 2
Prism Venture Management
North America, Massachusetts, United States, Needham
Co-Investments: 3

Which angels does Tullis Health Investors often collaborate with?

Shared Deals: 2

What are some of recent deals done by Tullis Health Investors?

Exagen

Vista, California, United States

Exagen is a patient focused, discovery-driven life science company serving patients affected by autoimmune rheumatic diseases.

BiotechnologyGeneticsHealth CareHealth DiagnosticsLife ScienceMedicalTherapeutics
Series UnknownJul 16, 2019
Amount Raised: $22,600,000
TriSalus Life Sciences

Westminster, Colorado, United States

TriSalus Life Sciences develops novel infusion systems for the interventional radiology market.

BiotechnologyDeveloper PlatformHardwareMedical
Series CDec 2, 2015
Amount Raised: $15,047,357

CareSync is the leading provider of software and services for chronic disease management.

Health CareInformation TechnologymHealthSoftware
Series BOct 7, 2015
Amount Raised: $18,000,000
OrthoSensor

Dania, Florida, United States

OrthoSensor is a medical device company developing devices and data services for the orthopedic sector.

Health CareMedicalMedical DeviceSensor
Series CMar 23, 2015
Amount Raised: $19,000,000

CareSync is the leading provider of software and services for chronic disease management.

Health CareInformation TechnologymHealthSoftware
Series AOct 21, 2014
Amount Raised: $4,250,000
Exagen

Vista, California, United States

Exagen is a patient focused, discovery-driven life science company serving patients affected by autoimmune rheumatic diseases.

BiotechnologyGeneticsHealth CareHealth DiagnosticsLife ScienceMedicalTherapeutics
Debt FinancingJul 21, 2014
Amount Raised: $3,950,000
Exagen

Vista, California, United States

Exagen is a patient focused, discovery-driven life science company serving patients affected by autoimmune rheumatic diseases.

BiotechnologyGeneticsHealth CareHealth DiagnosticsLife ScienceMedicalTherapeutics
Debt FinancingNov 4, 2013
Amount Raised: $25,000,000
Exagen

Vista, California, United States

Exagen is a patient focused, discovery-driven life science company serving patients affected by autoimmune rheumatic diseases.

BiotechnologyGeneticsHealth CareHealth DiagnosticsLife ScienceMedicalTherapeutics
Series CSep 10, 2012
Amount Raised: $5,300,000
Estech

San Ramon, California, United States

ESTECH is a medical device manufacturing and distribution company offering products for cardiac surgery.

Health CareManufacturingMedical Device
Series UnknownJul 1, 2012
Amount Raised: $122,000
Exagen

Vista, California, United States

Exagen is a patient focused, discovery-driven life science company serving patients affected by autoimmune rheumatic diseases.

BiotechnologyGeneticsHealth CareHealth DiagnosticsLife ScienceMedicalTherapeutics
Series UnknownFeb 16, 2012
Amount Raised: $34,100,000