Pragmatic currently invests out of its Seed Fund I. By 2021 investment metrics, we make ‘pre-seed’ investments in early stage companies that have a clearly identified problem in our investment focus area (see Approach and Thesis) a clearly defined and viable solution and/or a working prototype or solution. We consider ourselves ‘smart money’ in the healthcare IT space, which means we will not only be your first investor (in many cases), but also active advisors, advocates and connectors for future capital raises.
Pragmatic
Venture
Fund
Approach and Thesis
We believe that best solutions not only stand the test of scrutiny, but the test of time. Thus, we invest in companies that provide solutions that not only address a problem today, but one that will still be relevant ten years from now. This requires an understanding of the problem, but beyond that, of the macro-environment, which includes legislative and regulatory changes, technology evolution, evolving business models, competitive forces and consumer/patient behavior.
Our thesis is that some of the most important, impactful and rewarding investment opportunities exist in the payer (health plan) and the healthcare data ecosystem (how data flows between healthcare stakeholders). We have a clear idea of where the white space is (what problems need solving). And we have a framework to evaluate startups against our thesis and the macro environment. Where we invest is based on clearly identified needs. How we do it is based on research and data.
In other words, our approach is very PRAGMATIC.
Entrepreneurs
If you are a passionate, inventive founder (team) with a clear vision for how to solve a problem in healthcare, we want to hear from you. We are difference on purpose. And we appreciate if you’re different from the typical startup crowd.
We believe that some of the best ideas and businesses don’t necessarily look ‘sexy’ on first glance. We value substance over bluster and experience over ego. Even if you have been turned down elsewhere, we want to hear from you!
Contact us with a brief description of your startup/idea.
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The Team
The Pragmatic Fund Management team understands the payer business and the healthcare data ecosystem extremely well. Between the partners, we have managed small and billion dollar funds, built, grown and run companies, built and scaled software and SaaS, scaled and optimized operations, facilitated billions of dollars in M&A, been deep in healthcare policies & regulations for many years and believe that the best opportunities to make a meaningful change to the US healthcare system are upon is in this decade.
Each of the partners brings a unique set of experiences and a zest and passion for helping build successful businesses while having a tangible positive impact on the US healthcare system.
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