Devices & Diagnostics, Health IT, Startups

HLM Venture Partners aiming at $150M for fourth investment fund

Medtech and health IT startups, listen up: Boston-based HLM Venture Partners is raising money for a fourth fund, […]

Medtech and health IT startups, listen up: Boston-based HLM Venture Partners is raising money for a fourth fund, with aims to bring in up to $150 million, a regulatory filing indicates.

The venture capital firm, which also has offices in San Francisco, declined to comment on what kinds of investments it’ll pursue with this latest fund.

However, this is the latest HLM fund since its third in 2010, where it raised about $91.6 million. Since, it’s invested in a number of device and diagnostics startups, and in health IT companies that either enhance patient engagement and care coordination, or manage risk.

Perhaps its most noteworthy portfolio company is Teladoc, a telemedicine provider that last fall attracted a $50.2 million investment round.

Other portfolio companies are:

Tandem Diabetes Care, a San Diego maker of a smartphone-like insulin pump that IPO’d a bit more than a year ago

Medicalis, a San Francisco software company that helps radiologists with workflow and scheduling

CombiMatrix Diagnostics, an Irvine diagnostics company that provides microarray testing for miscarriage analysis, hematology and oncology.

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