At Netra Health, our mission is to connect early-stage healthcare innovation with investors, advisors, and experts who share our passion for transformative impact. We strive to identify and support promising ventures that have the potential to bring about meaningful advancements in healthcare and support them with capital, guidance, and our network.
Founding and Pivot
Founded in 2014, Netra Health was originally envisioned to set out with the goal of develop algorithms and harnessing the power of wearable devices and predictive analytics for well-being. Along the way and as we got to meet the broader ecosystem, especially in North Texas, As we grew, we discovered Netra’s ability to provide guidance as well as our ability to mentor, identify and fill gaps for early-stage healthcare startups, helping them succeed. Additionally, as we shared the journey with our friends and colleagues, we met investors who desired access to these early-stage companies that we had built relationships with and had invested in personally. Recognizing the need to bridge the gap between promising startups and passionate investors, Netra Health's value proposition evolved, adhering to our original vision statement.
Everyone should have a seat at the table.
Healthcare is a broad category, and we strive to invest in companies that overlap with our expertise. Additionally, we have made an effort to evaluate businesses run by underrepresented entrepreneurs because we are aware that the playing field remains uneven.
Our team, consisting of experts in clinical care, biomedical engineering, medical devices, regulatory, and marketing, has developed a rigorous 4-6 month proprietary and tested diligence process, encompassing 50 categories in 12 key areas. This comprehensive process involves understanding the problem at hand, exploring the competitive landscape, doing a deep dive into the company’s solution and roadmap, interviewing key members of the company, and engaging key opinion leaders in our network, resulting in a detailed memo to investors outlining our thoughts on the company, including pros, cons, risks, mitigation assessments, and potential return on investment. As a result of our quality diligence process, we maintain an investment rate of 5%. Over the past decade, we have invested in about 50 out of approximately 1,000 deals presented to us.
More than just an Investor
One of the unique aspects of Netra Health is that any company we present to our investors is one that we invest in as well. Moreover, many companies value our experience and strategic advice and offer us an advisory role, further reducing risk for our investors as we actively contribute to the success of these startups.
“Netra Health truly understands the needs and challenges of early-stage healthcare startups. Their investment approach is not just about financial backing but also about providing comprehensive support and industry expertise. We have especially appreciated their input on hospital and clinic operations, clinical study design strategies, and the overall reimbursement process. It's been a pleasure partnering with them on our mission to improve healthcare outcomes."- Daniel Powell, CEO, Spark Biomedical
Exit Track Records
Our portfolio's 80% profitable exit rate, coupled with impressive returns, demonstrates our capacity to identify and align with companies toward mutually successful outcomes.
Netra Health is strategically focused on working with startup companies that reside in a promising "sweet zone," a strategic juncture where they have progressed beyond being mere ideas on a napkin (e.g., prototypes and early data exist) and are at an inflection point to generating but have yet to generate significant revenue. This unique positioning empowers us to leverage our extensive expertise to assist in shaping effective company strategies. From an investment perspective, these companies tend to have valuations slightly below or precisely at an inflection point, strategically positioning ourselves to capitalize on the high growth potential and impressive multiples on return on investment that follow. Our approach allows us to support companies in their pivotal growth phases and enables our investors to gain optimal value from their investments.
Your Success is Our Success
At Netra Health, we're not just here for the short-term gains; we're committed to the long haul. We understand that the journey of a startup is a marathon, not a sprint. Our partnership is built on a foundation of enduring support, dedicated to seeing your vision through every phase of growth.
“Netra Health has been a value-add investor from day one. Manan and Puneet immediately opened up their networks with other investors, customers, researchers, and partners. They regularly dig into strategy. With their respective background, we get unique insights and feedback on our go-to-market strategy (e.g. on things like pricing, distribution, and more.) I can't speak highly enough about having Netra Health as an investor and partner.”
- Quin Sadler, CEO, Plantiga
We believe that investing in healthcare innovation holds the potential for profound and positive impacts on people's lives while being financially rewarding. If you share our vision and would like to explore investment opportunities with Netra Health, we would be delighted to connect with you further.