$100M sweet spot round size
Most of their 3 investments are in rounds between $30M and $100M
Heron Therapeutics, Inc. raised $30M on July 24, 2023
Investors: Hercules Capital, Inc. and Velan Capital
InspireMD raised $114M on May 15, 2023
Investors: LifeSci Capital, LLC, OrbiMed Advisors, Soleus Capital Management, L.P., Marshall Wace and Velan Capital
Jasper Therapeutics raised $100M on September 27, 2021
Investors: Qiming Venture Partners USA, Avego Healthcare Capital, Kingdon Capital Management, Metalmark Capital, Woodline Partners LP, Apeiron Investment Group and Velan Capital