Profile
MB Venture Partners is a venture capital firm based in Memphis, Tennessee, founded by Gary Stevenson and Joseph R. “Pitt” Hyde III. The firm primarily focuses on life sciences and medical devices sectors, particularly in companies addressing musculoskeletal diseases. They have been instrumental in the establishment and ongoing hosting of the Musculoskeletal New Ventures Conference for over 20 years. The team consists of seasoned professionals with deep industry expertise and strategic connections, differentiating themselves by offering strategic direction alongside capital investment.
The firm invests in start-ups across all stages of development, with a particular emphasis on medical devices. Their geographic focus is predominantly within North America. The firm has a strong track record of successful exits, with portfolio companies being acquired by major players such as Johnson and Johnson, Medtronic, Smith + Nephew, Zimmer Biomet, and Wright Medical, now part of Stryker.
Notable investments include companies such as Medtronic - medical devices, Smith + Nephew - surgical systems, and Wright Medical - musculoskeletal devices. Their approach is characterized by a strategic involvement intended to foster innovation and bring medical solutions to market more effectively.
Industry
MB Venture Partners Funds
| Name | Type |
|
|
|
Size | AUM | Launch date |
|---|---|---|---|---|---|---|---|
|
Memphis Biomed Ventures I
|
Venture Capital (VC)
|
Biotechnology
Healthcare Services
Medical Devices
Life Sciences
HealthTech
|
Pre-seed
Seed
|
North America
|
$5-10 m
|
$22 M
|
November 2001
|
Contacts
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