New Portfolio Company: Precision Ventures

RVI has added a new company to it's portfolio; Precision Ventures. 

Precision Ventures

Precision Ventures is a series of funds that develop and license a defined collection of "small ball" medical and consumer products. The founding team features an engineer (Josh Wiesman) and physician (Hari Sundram) with strong track records of invention, development, and deal making. To date, combined, Josh and Hari have 6 successful license deals with a royalty stream over $2MM annually* on ~$735K initial investment.

Unfortunately for us the round was oversubscribed and so there were strict limits on how much we could put into the round. Three RVI members wound up investing in the deal.