TEXO Ventures

General contacts
Investor type

PE / VC

Founded

2009

AUM

-

Location

Austin, Texas, United States

Investment Ticket

$5-10 m

Investment Stage

Series A Seed Series B Late Stage (Series C+)

Region of investment

North America
Investor profile last updated: 13 August, 2026

Profile

TEXO Ventures is a healthcare-focused venture capital firm based in Texas. It was founded by Dr. Philip Sanger, who boasts over 25 years of experience as a pulmonary and critical care specialist. With a strong team that includes partner Jerry DeVries, the firm brings decades of operational and investment expertise in healthcare startups. Their distinctive approach focuses on technology-enabled health services that are scalable and require less capital to commercialize.

The firm invests in the sectors of Health IT and Health Services, targeting technology-enabled health services businesses. These companies benefit from the firm's extensive experience navigating regulatory approvals and market entry strategies. TEXO Ventures generally operates in North America and invests in early stages, typically in Series A and B rounds. No specific fund sizes or total assets under management have been disclosed.

Notable investments made by the firm include OpenMarkets, a SaaS-based purchasing platform for healthcare providers; Wenzel Spine, which focuses on spinal surgery technologies; and Ortho Kinematics, which innovates spinal imaging diagnostics. The firm leverages strategic partnerships and collaborations to drive growth and optimize returns.

Industry

HealthTech Software SaaS Medical Devices IT Services Healthcare Services Business Services (B2B)

Contacts

Name
Title
Email
Social Networks
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Philip Sanger Managing Partner
Managing Partner
-
LinkedIn
avatar
Randall Crowder Managing Partner
Managing Partner
-
LinkedIn
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FAQs about TEXO Ventures

TEXO Ventures is a venture capital and private equity firm. It backs companies at Series A, Seed, Series B and Late Stage (Series C+), writing tickets of $5-10 m.
TEXO Ventures is located in Austin, Texas, United States.
TEXO Ventures was founded in 2009.
TEXO Ventures invests in companies and startups in HealthTech, Software, SaaS, Medical Devices, IT Services, Healthcare Services, Business Services (B2B).
TEXO Ventures invests in companies and startups in North America.
TEXO Ventures invests in companies and startups at Series A, Seed, Series B, Late Stage (Series C+).
TEXO Ventures usually invests $5-10 m on average.
TEXO Ventures can be reached through its website texoventures.com, its LinkedIn page and its X account. Its general enquiries address is [email protected]. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for TEXO Ventures — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.
Yes. Every field on this page — profile, funds, investment criteria, portfolio and investment-team contacts — is available programmatically through the Private Equity List REST API and MCP server, so AI assistants such as Claude and ChatGPT can query TEXO Ventures directly instead of scraping this page. One subscription covers both the web app and machine access — see API & MCP.
Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 13 August, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.