New Hampshire is home to over 770 healthcare companies, generating more than $9 billion in annual revenue.
In such a competitive space, building a healthcare startup isn’t easy.
From medical devices and AI diagnostic tools to patient-focused SaaS platforms, one challenge remains the same:
Access to capital!
But not just any capital. What healthcare startups need is smart capital: investors who understand the terrain, believe in your vision and offer more than just a check.
So, are there VC firms in New Hampshire that can help you bring your healthcare innovation to life?
Yes, and we’ve already done the research for you.
In this post, we’re breaking down the top 8 VC firms in New Hampshire actively investing in healthcare. Let’s get started.
Find Out The Top 8 VC Firms in New Hampshire (Healthcare Special)
Here’s a quick table to summarize the list:
| Investor Name | Focused Sectors | Funding Stages | Notable Investments | Investment Range |
|---|---|---|---|---|
| Alumni Ventures | Technology, healthcare, enterprise software | Pre-seed to pre-IPO (focus: Seed/Series A) | Wheels Up, SimpliSafe, Sunbit | $100,000 – $10M |
| Wasabi Ventures | SaaS, mobile, artificial intelligence | Pre-seed, Seed, Series A | RightNow Technologies, Ustream | ~$1M |
| Borealis Ventures | Technology, digital health, life sciences | Seed and Series A | Adimab, Avitide, Credo, Pwnie Express, Dicerna Pharma | $100,000 – $2M |
| North Atlantic Capital | Tech infrastructure, software, some healthcare | Growth-stage, venture debt | IDEXX Labs, WEX Inc., Zignal Labs, Appia, Synacor | Varies; later-stage focus |
| Millworks II Fund | Technology, manufacturing, cleantech | Seed and early-stage | CleanFiber, Datanomix | $100,000 – $1M |
| Bascom Ventures | Sector-agnostic (UW-Madison alumni-linked; strong in AI/healthtech) | Early to late-stage (including pre-IPO) | Axiom Space, Mythical Games, Heal, Solsten | Up to $20M |
| York IE | B2B SaaS, software, healthtech, cybersecurity | Pre-seed to Series A | VidMob, Adweek, Forecastr, Crayon, Stygian Labs | ~$500,000 |
Alumni Ventures
- Website: av.vc
Focused Sectors: technology, healthcare, and enterprise software - Funding Stages: Backs companies from seed to late-stage, with an emphasis on initial investments at Seed and Series A rounds
- Notable Investments: Wheels Up, SimpliSafe, Sunbit
- Total Investments: Over 1,200 portfolio companies
Alumni Ventures, founded in 2014 by Michael Collins, has come up as an active player in the venture capital landscape.
Headquartered in Manchester, New Hampshire, the firm has raised over $1.3 billion and invested in more than 1,000 unique portfolio companies since its inception. As of early 2025, Alumni Ventures has achieved approximately 162 successful exits.
When investing, the firm values startups working on modern technological challenges, such as AI-driven diagnostics, telemedicine platforms, and personalized medicine solutions. They want to aim to revolutionize patient care and address pressing healthcare needs.
Moreover, Alumni Ventures adopts a broad investment strategy when targeting healthcare startups. They invest in stages through various stages, from pre-seed to pre-IPO, with check sizes ranging from $100,000 to $10 million.
Wasabi Ventures
- Website: wasabiventures.com
- Focused Sectors: : Early-stage technology companies, especially in SaaS, mobile, and artificial intelligence domains
- Funding Stages: : Seed and Series A focused (operates as a venture incubator and early-stage investor)
- Notable Investments: RightNow Technologies, Ustream
- Total Investments: : Involved with 200+ startups
Wasabi Ventures, established in 2003 by Chris Yeh and Tom "TK" Kuegler, is a venture capital firm with a strong presence in Manchester, New Hampshire. The firm specializes in building, financing, and advising early-stage technology startups, having engaged with over 200 startups since its inception.
CB Insights
Wasabi Ventures has made approximately 109 investments and achieved around 7 exits to date.
Investors usually look for startups that have experienced founders who have strong ambitions. Wasabi Ventures is interested in ventures addressing modern technological challenges, such as AI-driven diagnostics and telemedicine platforms.
The firm mostly engages in pre-seed, seed, and Series A funding rounds, with an average investment size of approximately $1M.
Borealis Ventures
- Website: : borealisventures.com
Focused SectorsTechnology and life sciences, with a focus on healthcare innovation - Funding Stages: Early-stage investor (typically Seed and Series A rounds)
- Notable Investments: Adimab, Avitide, Credo, Pwnie Express, Dicerna Pharmaceuticals
- Total Investments: : Has invested in over 50 companies since inception
Borealis Ventures, founded in 2002 by Philip Ferneau, Jesse Devitte, and Matt Harris, is a venture capital firm based in Hanover. The firm specializes in early-stage investments, focusing on sectors such as life sciences, digital health, and animal health.
Since its inception, Borealis Ventures has made 83 investments and achieved 39 exits.
The firm mostly invests between $100,000 and $2 million in seed and early-stage companies. They partner with exceptional entrepreneurs to build market-defining companies that can define the future of healthcare.
In 2018, Borealis Ventures also launched Building Ventures, an early-stage investor committed to innovation in the built environment. This initiative also focuses on active healthcare and tech companies.
North Atlantic Capital
- Website: northatlanticcapital.com
- Focused Sectors: Technology companies (IT infrastructure, software) and some healthcare ventures
- Funding Stages: Primarily growth-stage expansion capital (including structured venture debt)
- Notable Investments: IDEXX Laboratories, WEX Inc.
, Synacor, Zignal Labs, Appia (all exited), and Boost Payment Solutions - Total Investments: Over 80 companies funded to date
Founded in 1986 by Greg Peters and David Coit, North Atlantic Capital is a venture capital firm based in Portland. The firm specializes in providing growth capital to innovative companies across the US.
Over the years, North Atlantic Capital has made over 80 investments, contributing to the creation of approximately 3,000 jobs. The firm has achieved 44 portfolio exits, with notable examples including Appia and Fibertech Networks.
North Atlantic Capital looks for businesses that can generate 5-10x ROI and are led by well-experienced founders. They also expect startups to come up with strong and capable management teams that can manage a growing business.
North Atlantic Capital targets high-growth, later-stage technology businesses with annual revenues exceeding $10 million.
Millworks II Fund
- Website: millworksfund.com
- Focused Sectors: Innovative startups in technology, manufacturing, and cleantech fields
- Funding Stages: Seed and early-stage funding
- Notable Investments: CleanFiber, and Datanomix (NH manufacturing analytics startup backed in a $1M seed round)
- Total Investments: 17
Millworks Fund Series II (Millworks II), established in 2017, is an investment fund that is always on the hunt to invest in New Hampshire's startup ecosystem. The fund consists of 40 individual investors from diverse sectors, including development, banking, investment, accounting, legal, healthcare, and high-tech communities.
Since its inception, Millworks II has committed to investing $600,000 annually over three years, totaling $1.8 million, to support early-stage New Hampshire startups.
They focus on seed-stage investments, typically ranging from $100,000 to $1 million.
Bascom Ventures
- Website: bascomventures.com
- Focused Sectors: Sector-agnostic – invests in Wisconsin (UW-Madison) alumni-connected startups across diverse industries
- Funding Stages: Primarily early-stage venture investments, with some later-stage (pre-IPO) opportunities as part of Alumni Ventures’ network
- Notable Investments: Axiom Space (commercial space station startup), Mythical Games (gaming tech), and Wheels Up (private aviation service)
- Total Investments: 85+ portfolio companies to date
Bascom Ventures, founded in 2017 by Greg Baker, is a venture capital fund affiliated with Alumni Ventures. The fund focuses on investing in companies with connections to the University of Wisconsin-Madison (UW-Madison) alumni network.
Bascom Ventures has made approximately 24 investments, with an average round size of $11 million. The fund's portfolio has around 20 companies, including notable names such as Heal and Solsten.
Bascom Ventures seeks to build a diversified venture portfolio by co-investing alongside established venture capital firms like Sequoia, Greylock, and Andreessen Horowitz. The fund invests across various stages, including early, growth, late, opportunistic, and seed stages, aiming to provide investors with exposure to a broad range of ventures.
For healthcare startups in New Hampshire, Bascom Ventures prefers to invest in startups that are dealing with modern technological challenges. They invest in companies that are improving patient care through AI and giving personalized medicine solutions.
The investment range of Bascom Ventures can range up to $20M, depending upon the startup.
York IE
- Website: york.ie
- Focused Sectors: B2B SaaS and software technology companies
- Funding Stages: Early-stage focus – provides funding from pre-seed up to Series A rounds
- Notable Investments: Stygian Labs (software startup), VidMob (marketing tech unicorn), Adweek (media company), Forecastr (financial modeling SaaS), and Crayon (market intelligence platform)
- Total Investments: 100+ investments (has backed 102 companies over ~6 years)
York IE, founded by Kyle York, Joe Raczka, and Adam Coughlin, is a venture capital and advisory firm headquartered in Manchester, New Hampshire. The firm specializes in early-stage investments, focusing on B2B SaaS companies.
As for their investments, York IE has made approximately 127 investments, maintaining an active portfolio of around 72 companies. The firm has achieved 39 successful exits.
When investing, the firm looks for startups that have:
- Entrepreneurs with deep industry experience and insight.
- Tech innovation with experienced founders. They take an interest in companies across health-tech and cybersec.
- Operation in underserved markets with favorable macroeconomic trends.
The investment range of Bascom Ventures is around $500,000.
Wrap-Up:
Breaking into healthcare is hard. Breaking into it with funding is even harder.
But if New Hampshire proves one thing, it’s this: innovation can thrive anywhere with the right people behind it.
From early-stage VCs like York IE to experienced players like Borealis and Alumni Ventures, the state is brimming with capital, mentorship, and opportunity for founders bold enough to build.
So do your homework. Get your deck tight. Reach out.
