Combining the resources and skills of an incubator and venture fund, with contacts in two of the most important medical device communities, Minneapolis-based St. Paul Ventures and West Coast-based The Foundry are joining forces, as St. Paul becomes an investor in The Foundry and Allan Will, founder of the incubator, joins the venture firm as a general partner. St. Paul recently raised a new $1 billion fund, of which one-quarter of the proceeds will go to health care, and 80% of its health care investments will be in medical devices.
St. Paul and the Foundry Team Up
Combining the resources and skills of an incubator and venture fund, with contacts in two of the most important medical device communities, Minneapolis-based St. Paul Ventures and West Coast-based The Foundry are joining forces.
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