Health Evolution Partners Spectrum Fund

Health Evolution Partners Spectrum Fund is a diversified portfolio of healthcare investments that captures various stages, geographies and sectors. These investments are made directly by Health Evolution Partners and indirectly through a partnership between HEP and leading health care investment funds. In addition to making capital commitments to our partner funds, the Spectrum Fund works closely with partner funds to create a dynamic ecosystem in which innovative health care companies can excel. Health Evolution Partners also selectively co-invests directly into companies alongside Spectrum Fund partners.  

Health Evolution Partners Spectrum Fund has invested in the following funds: 

Cardinal Partners
Cardinal Partners has been one of the leading venture capital partnerships focused exclusively on health care investing since 1996. Cardinal specializes in early stage financing rounds, usually as the lead investor in the initial financing round of a growth company. Since 1997, companies funded by Cardinal have a cumulative market valuation exceeding $6 billion. Cardinal currently manages funds totaling $330 million. 

Chrysalis Ventures
Chrysalis Ventures was founded in 1993 to provide equity capital for young growth companies in the Midwest and South. Chrysalis invests primarily in early stage and expansion stage companies in health care services and technology, media and communications, and business services. With headquarters in Louisville, Kentucky and a second office in Cleveland, Ohio, Chrysalis has $375 million under management and has made investments in over 55 companies. Health Evolution Partners participates only in the health care services and technology investments made by Chrysalis. 

Physic Ventures
Physic Ventures was founded in 2007 to provide capital and support to entrepreneurs focused on building exceptional science-based, consumer-directed health and sustainable living companies. Physic’s strategy is to make early stage investments to capitalize on major economic, social and political trends shaping the landscape of personal and planetary health, including the rapid migration toward a consumer-driven, prevention-oriented “self-care” paradigm. 

Psilos Group
Founded in 1998, Psilos Group is a health care focused venture capital firm which invests in the health care services, health care information technology and medical technology sectors. With more than $500 million under management, Psilos invests in companies that demonstrate the ability to reduce health care system costs while improving quality of care, and the ability to align the incentives of patients, payers and providers.