|RVI has added a new company to it's portfolio; 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.
The River Valley Investors (RVI) is Western Massachusetts's angel investor network. We are successful entrepreneurs and executives dedicated to helping each other find, evaluate, and profitably invest in exciting companies with significant growth potential. When we invest, we prefer to do so in companies where we have relevant domain expertise and connections so that we can help our entrepreneurs achieve success.
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