Friday, March 29, 2024 Mar 29, 2024
61° F Dallas, TX
Advertisement
News

Green Park Marks Progress On $30 Million Startup Investment Fund

Green Park and Golf Ventures, a Dallas-based healthcare investment firm, says it has closed on a third of its $30 million follow-on investment fund.
By Olivia Nguyen |

Green Park and Golf Ventures, a Dallas-based healthcare investment firm, says it has closed on a third of its $30 million follow-on investment fund. The new fund will select companies from the company’s portfolio of 40 healthcare seed and early-stage startups and increase its investment for those that are most promising.

According to GPG, this will allow the company to make investments in the best-suited companies in its pipeline– specifically, those that are “currently raising money to complete pivotal studies of safety and effectiveness.”

Investments will be with groups that have presented innovative products that are believed to positively impact the healthcare industry. Fifteen to 20 investments over the next four to five years will be made in healthcare devices, medical technology, therapeutics, and healthcare services.

Dr. Clay Heighten, founding partner of GPG, said the company has seen “very strong successes within our existing portfolio, and [is] eager to continue to expand and invest in our best performing healthcare startups.”

GPG anticipates the full follow-on fund will close by December.

Related Articles

Image
Arts & Entertainment

Here’s Who Is Coming to Dallas This Weekend: March 28-31

It's going to be a gorgeous weekend. Pencil in some live music in between those egg hunts and brunches.
Image
Arts & Entertainment

Arlington Museum of Art Debuts Two Must-See Nature-Inspired Additions

The chill of the Arctic Circle and a futuristic digital archive mark the grand opening of the Arlington Museum of Art’s new location.
By Brett Grega
Image
Arts & Entertainment

An Award-Winning SXSW Short Gave a Dallas Filmmaker an Outlet for Her Grief

Sara Nimeh balances humor and poignancy in a coming-of-age drama inspired by her childhood memories.
By Todd Jorgenson
Advertisement