Company Background

Overview
TEXO Ventures is a venture capital firm in Austin, Texas, that invests in and builds innovative healthcare companies by providing both the capital and collaboration needed for successful commercialization. The co-founders of TEXO Ventures represent a complementary combination of operational and investment experience gained in wide-ranging healthcare areas over the past two decades. TEXO Ventures has specific expertise in areas such as regulatory approval pathways, clinical performance studies, intellectual property review and fortification, technical marketing strategies, and capital structure creation—all areas critical to a company’s launch.

Vision
TEXO Ventures view entrepreneurial tenacity as a driving force in the economy with the potential to positively shape the new healthcare landscape. TEXO Ventures is excited about the unprecedented prospects over the next decade to invest in companies changing the face of healthcare.

Founders
Randall Crowder, Jerry DeVries, and Philip Sanger, M.D. have over 50 years of combined healthcare industry experience, having spent the majority of their careers in areas such as medical devices, healthcare IT, imaging, health maintenance organizations, general orthopedics and spine. The co-founders were involved in starting or investing with such companies as Healthspring, Path4 Ventures, Santé Health Ventures, Spinal Restoration, Intercede Health, Ortho Kinematics, Order Optimizer, and many other innovative healthcare companies.

Collaborative Approach
TEXO Ventures adds value by utilizing significant entrepreneurial and investment experience along with an extensive network of clinicians, researchers, developers, analysts, and support personnel in many areas of healthcare. When TEXO Ventures invests with a company, they often provide many of the management services critical to launching the company towards successful commercialization. This level of collaboration demonstrates an intense commitment to the investment—a commitment appreciated by the limited partners and the entrepreneurs alike.

Investment Focus
TEXO Ventures is focused on early-stage investments in Health IT, Technology-enabled Services, Home Healthcare, Managed Care, Chronic Disease Management, Medical Devices, Functional Diagnostics and Imaging, Personalized Medicine. An ideal company has a strong, committed leadership team and an “idea” that improves the way healthcare is delivered. TEXO Ventures does not typically invest in consumer health services and devices, pharmaceutical development, oncology products, or pre-revenue biotechnology concepts.

Although we typically do not invest in these capital intensive sectors, we will consider funding breakthrough innovations led by all-star entrepreneurs on a case-by-case basis.

Current investments

Alafair Biosciences: Alafair Biosciences is developing a proprietary composite, dual-functioning material to be placed at the interface between healing tissues and the surrounding tissues in order to provide improved anti-adhesive biomaterial barriers that aid in wound healing and the modulation of the inflammatory response.

www.alafairbiosciences.com 

National Surgery Network: National Surgery Network (NSN) is the Next Generation Provider Network based on case rates for medical procedures. NSN integrates directly with existing health plans and allows plan members to access top quality providers in every geographic region of the U.S. NSN’s technology features total payment and billing systems that manage the case rate payment process; reporting tools to demonstrate actual savings, outcomes, and quality measures; and a full discharge adherence management system.

www.nationalsurgerynetwork.com 

Precedent Health: Precedent Health was founded by industry veterans with a passion to help physicians, hospitals and payers provide high quality patient care in a cost-effective manner. The company’s services include the development and management of comprehensive provider networks which will be positioned to succeed under healthcare reform. This includes accountable care organizations, health exchanges and other payment reform arrangements and development of single specialty physician networks which will improve the delivery of care.

www.precedenthealth.com 

Ortho Kinematics: Ortho Kinematics has partnered with leading scientists and spine surgeons to revolutionize spine motion analysis and improve spine care by commercializing KineGraph VMA Technology – a simple and inexpensive hardware add-on to standard fluoroscopy imaging that works in conjunction with proprietary image recognition software and the patented Motion Normalizer™ to provide surgeons with a wealth of information to assist them in diagnosing and treating back and neck pain.

www.orthokinematics.com 

Waldo Health: Waldo Health is developing the 510(k) cleared Waldo Health Remote Patient Monitor, a low-cost, easy-to-use system for home health care and remote monitoring applications. With an experienced staff of physicians, software developers, hardware engineers, prototype specialists and computer artists, Waldo Health is leading the way to simpler, more reliable and more cost effective home and mobile telehealth products with far more features that deliver value to health networks, home healthcare agencies, assisted living residences, insurance companies, and of course patients.

www.waldohealth.com 

Wenzel Spine: Wenzel Spine offers the patented and 510(k) cleared VariLift® Interbody Fusion System and VariGrip® Laminar Hook System as stand-alone solutions for stabilizing the spine in the treatment of disorders that include disc herniation, degenerative disc disease, adjacent level disease, and spondylolisthesis. Its products are designed to help surgeons simplify and shorten spine fusion surgery, while providing excellent clinical outcomes for patients. Wenzel Spine is dedicated to reducing the total cost to health care providers by reducing the cost of surgery, and post-operative / long-term patient care.

www.wenzelspine.com