# HLM Investment Partners: portfolio, investments and team > HLM Investment Partners is a vc firm based in United States. 69 investments on record, latest Aug 2017. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/hlm-investment-partners (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # HLM Investment Partners Last cheque observed Aug 2017. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Email Quiet New fund $230M, Sept 2021 VC firm Venture Series C Series A Healthcare Services Healthcare Technology Follow HLM Investment Partners and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fhlm-investment-partners) Cheques on record **0%** of best year **0** **cheques in 12 months**, 69 on record Since the last cheque **3356** days **00** hrs **00** min **00** sec Median round **$12M** Rounds led **0 of 69** Sole investor **5 rounds** Exits **14 from the portfolio** Mostly in **United States, 95%** Pitch HLM Investment Partners ## HLM Investment Partners highlights - 01 69 rounds on record - 02 Mostly Venture and Series C: 50% of its rounds - 03 Sole investor in 5 rounds, median $6.7M - 04 14 exits from the portfolio ## What they do > HLM only invests in healthcare. From their own website - **Type:** VC firm - **Cheque size:** Not stated - **Sectors:** Healthcare Services Healthcare Technology - **Based in:** Waltham, United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **69 appearances** - **2017** 3 rounds - **Aug** **[AbleTo](https://millionrounds.com/company/ableto)** US · FinSMEs **$39M** With 3 others - **Jun** **[Regroup Therapy](https://millionrounds.com/company/regroup-therapy)** Series A · US · FinSMEs **$6.0M** With 4 others - **Apr** **[ClearDATA](https://millionrounds.com/company/cleardata)** US · FinSMEs **$12M** With 5 others - **2015** 5 rounds - **Sept** **[Binary Fountain, Inc.](https://millionrounds.com/company/binary-fountain-inc)** Series A · US **$16M** With 2 others - **Jun** **[AbilTo](https://millionrounds.com/company/abilto)** Series C · US **$12M** With 3 others - **May** **[ClearDATA](https://millionrounds.com/company/cleardata)** Series C · US **$25M** With 5 others - **Feb** **[Imagine Health](https://millionrounds.com/company/imagine-health)** Series A · US **$21M** With 1 other - **Feb** **[Aventura](https://millionrounds.com/company/aventura)** Series C · US **$14M** With 4 others - **2014** 4 rounds - **Oct** **[Phreesia](https://millionrounds.com/company/phreesia)** Series E · US **$30M** With 2 others - **Sept** **[Teladoc](https://millionrounds.com/company/teladoc)** Series C · US **$50M** With 9 others - **Jun** **[Spinal Kinetics](https://millionrounds.com/company/spinal-kinetics)** Venture · US **$34M** With 4 others - **Feb** **[OnShift](https://millionrounds.com/company/onshift)** Series C · US **$7.0M** With 1 other - **2013** 6 rounds - **Oct** **[MedSave USA](https://millionrounds.com/company/medsave-usa)** Growth · US · medsaveusa.com **Undisclosed** With 1 other - **Sept** **[Aventura](https://millionrounds.com/company/aventura)** Series B · US · finsmes.com **$4.3M** With 5 others - **Aug** **[Change Healthcare](https://millionrounds.com/company/change-healthcare)** Series D · US · gigaom.com **$15M** With 7 others - **Jun** **[Direct Vet Marketing](https://millionrounds.com/company/direct-vet-marketing)** Seed · US · sec.gov **$6.5M** Sole investor - **Apr** **[Medicalis](https://millionrounds.com/company/medicalis)** Venture · CA **$2.5M** Sole investor - **Jan** **[Linkwell Health](https://millionrounds.com/company/linkwell-health)** Series C · US · techcrunch.com **$11M** With 2 others - **2012** 5 rounds - **Aug** **[Medicalis](https://millionrounds.com/company/medicalis)** Venture · CA · google.com **$9.8M** Sole investor - **Jun** **[Aidin](https://millionrounds.com/company/aidin)** Venture · US · techcrunch.com **$600K** With 4 others - **Jan** **[Silverlink Communications](https://millionrounds.com/company/silverlink-communications)** Series D · US · masshightech.com **$2.0M** With 1 other - **Jan** **[Transcend Medical](https://millionrounds.com/company/transcend-medical)** Series B · US · onbiovc.com **$16M** With 8 others - **Jan** **[Casenet](https://millionrounds.com/company/casenet)** Venture · US · masshightech.com **$3.0M** With 1 other - **2011** 6 rounds - **Sept** **[Aventura](https://millionrounds.com/company/aventura)** Series A · US · finsmes.com **$13M** With 2 others - **Sept** **[Teladoc](https://millionrounds.com/company/teladoc)** Series A · US **$18** With 4 others - **Sept** **[Teladoc](https://millionrounds.com/company/teladoc)** Venture · US · finsmes.com **$19M** With 4 others - **Sept** **[Valeritas](https://millionrounds.com/company/valeritas)** Series C · US · finsmes.com **$150M** With 8 others - **Apr** **[CombiMatrix](https://millionrounds.com/company/combimatrix)** Venture · US · investor.combimatrix.com **$6.7M** Sole investor - **Jan** **[Teladoc](https://millionrounds.com/company/teladoc)** Venture · US · freshnews.com **$4.0M** With 1 other - **2010** 6 rounds - **Dec** **[TyRx Pharma](https://millionrounds.com/company/tyrx-pharma)** Venture · US · tyrx.com **$20M** With 2 others - **Jul** **[MedVentive](https://millionrounds.com/company/medventive)** Series C · US · onbiovc.com **$2.8M** With 3 others - **May** **[Phreesia](https://millionrounds.com/company/phreesia)** Series D · US · businessinsider.com **$16M** With 5 others - **Apr** **[Casenet](https://millionrounds.com/company/casenet)** Debt · US · sec.gov **$3.5M** With 1 other - **Mar** **[SensAble Technologies](https://millionrounds.com/company/sensable-technologies)** Venture · US · freshnews.com **$8.0M** With 1 other - **Mar** **[Seahorse Bioscience](https://millionrounds.com/company/seahorse-bioscience)** Series D · US · onbiovc.com **$5.0M** With 6 others - **2009** 8 rounds - **Dec** **[Teladoc](https://millionrounds.com/company/teladoc)** Series A · US · fis.dowjones.com **$9.0M** With 2 others - **Sept** **[MedVentive](https://millionrounds.com/company/medventive)** Series C · US · onbiovc.com **$7.2M** With 3 others - **Jul** **[Interlace Medical](https://millionrounds.com/company/interlace-medical)** Series C · US · onbiovc.com **$20M** With 2 others - **Jun** **[Transcend Medical](https://millionrounds.com/company/transcend-medical)** Series B · US · fiercebiotech.com **$35M** With 5 others - **May** **[Sanovia Corporation](https://millionrounds.com/company/sanovia-corporation)** Series C · US · chrysalisventures.com **$8.0M** With 2 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **8 named** EL **Edward Louis Cahill** Managing member of HLM Venture Associates III, LLC, the General Partner i Filing they signed EJ **Enrico J. Picozza** Managing member i Filing they signed MR **Martin R Felsenthal** Managing member of HLM Venture Associates III, LLC, the General Partner i Filing they signed MG **Michael Gin Wing Wong** Chief Compliance Officer i Form ADV PJ **Peter J. Grua** Managing member of HLM Venture Associates III, LLC, the General Partner i Filing they signed RT **Russell T Ray** Managing member of HLM Venture Associates III, LLC, the General Partner i Filing they signed SJ **Steven J. Tolle** Managing Member i Filing they signed VJ **Vincent J. Fabiani** Managing Member i Filing they signed We also hold **18** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **$411M** assets it manages Oct 2026 **Registered** investment adviser full reporting to the SEC - **Legal name:** HLM Management Co., LLC - **SEC number:** CRD 162337 Funds on its Form ADV **4** private funds, **$437M** in gross assets · filed Mar 2024 - HLM Strategic Investment Fund, L.P. *Venture* 19 investors $268M - HLM Venture Partners V, L.P. *Venture* 31 investors $88M - HLM Venture Partners IV, L.P. *Venture* 22 investors $51M - HLM Venture Partners III, L.P. *Venture* 23 investors $30M ## What they claim to have backed From their own portfolio page (on their website) **19** of 37 we have independently watched raise [Ableto](https://millionrounds.com/company/ableto)[Aktana](https://millionrounds.com/company/aktana)[Censinet](https://millionrounds.com/company/censinet)[Cleardata](https://millionrounds.com/company/cleardata)[Diameterhealth](https://millionrounds.com/company/diameter-health)[Harmonycares](https://millionrounds.com/company/harmonycares)[Linkwellhealth](https://millionrounds.com/company/linkwell-health)[Mpulsemobile](https://millionrounds.com/company/mpulse-mobile)[Neuroflow](https://millionrounds.com/company/neuroflow)[Oceanshealthcare](https://millionrounds.com/company/oceans-healthcare)[Phreesia](https://millionrounds.com/company/phreesia)[Rubiconmd](https://millionrounds.com/company/rubiconmd)[Shiftkey](https://millionrounds.com/company/shiftkey)[Tebra](https://millionrounds.com/company/tebra)[Teladoc](https://millionrounds.com/company/teladoc)[Vaxcare](https://millionrounds.com/company/vaxcare)[Vida](https://millionrounds.com/company/vida-health)[Wayspring](https://millionrounds.com/company/wayspring)[Yuvohealth](https://millionrounds.com/company/yuvo-health) Arraybc Binaryfountain Carebridgehealth Careoptionsforkids Covetrus Fuzehealth Hazel Healthec Icanbwell Innovacarehealth Leonmedicalcenters Mainstreetruralhealth Mytownhealthpartners Nordicwi Persivia Unifiedgrowthpartners Vivamasmedicalcenter Wedgewood Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded. ## Exits from the portfolio Companies it backed that were later bought or listed **14 in all** **[Silverlink Communications](https://millionrounds.com/company/silverlink-communications)** Bought by Welltok **Undisclosed** Dec 2015 **[Seahorse Bioscience](https://millionrounds.com/company/seahorse-bioscience)** Bought by [Agilent Technologies](https://millionrounds.com/fund/agilent-technologies) **$235M** Sept 2015 **[Cord Blood Registry](https://millionrounds.com/company/cord-blood-registry)** Bought by AMAG Pharmaceuticals **$700M** Jun 2015 **[Sanovia Corporation](https://millionrounds.com/company/sanovia-corporation)** Bought by Health Information Designs **Undisclosed** Dec 2014 **[Change Healthcare](https://millionrounds.com/company/change-healthcare)** Bought by Emdeon **$135M** Nov 2014 **[Summit Microelectronics](https://millionrounds.com/company/summit-microelectronics)** Bought by [Qualcomm Incorporated](https://millionrounds.com/fund/qualcomm-incorporated) **Undisclosed** Jun 2014 **[Fieldglass](https://millionrounds.com/company/fieldglass)** Bought by [SAP](https://millionrounds.com/fund/sap) **Undisclosed** Mar 2014 **[TyRx Pharma](https://millionrounds.com/company/tyrx-pharma)** Bought by [Medtronic](https://millionrounds.com/fund/medtronic) **$160M** Jan 2014 **[Aperio Technologies](https://millionrounds.com/company/aperio-technologies)** Bought by Leica Microsystems **Undisclosed** Aug 2012 **[SensAble Technologies](https://millionrounds.com/company/sensable-technologies)** Bought by Geomagic **Undisclosed** Apr 2012 **[Pathway Medical Technologies](https://millionrounds.com/company/pathway-medical-technologies)** Bought by MEDRAD **Undisclosed** Sept 2011 **[Interlace Medical](https://millionrounds.com/company/interlace-medical)** Bought by Hologic **$125M** Jan 2011 **[Phase Forward](https://millionrounds.com/company/phase-forward)** Bought by [Oracle Corporation](https://millionrounds.com/fund/oracle) **$685M** Apr 2010 **[BioProcessors](https://millionrounds.com/company/bioprocessors)** Bought by Seahorse Bioscience **Undisclosed** Mar 2009 An exit counts when it came after the firm's first round in the company. From historical deal records. New fund on file **$230M** raised in Sept 2021 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Venture Series C Series A Median round joined **$12M** the round, not its cheque Alone, median **$6.7M** Led 0 of 69 rounds **0%** - **Sole investor:** 5 rounds - **Last cheque:** Aug 2017 - **Exits:** 14 from the portfolio Rounds by stage said on their site - Venture *16* - Series C *15* - Series A *11* - Series B *10* - Series D *10* Cheques by year Led Joined 2000 2017 Often in the room with - [Sigma Partners](https://millionrounds.com/fund/sigma-partners) 9 - [Long River Ventures](https://millionrounds.com/fund/long-river-ventures) 7 - [Trident Capital](https://millionrounds.com/fund/trident-capital) 7 - [Excel Venture Management](https://millionrounds.com/fund/excel-venture-management-llc) 5 - [Globespan Capital Partners](https://millionrounds.com/fund/globespan-capital-partners) 4 - [Greylock](https://millionrounds.com/fund/greylock-partners) 4 **Pitching HLM Investment Partners?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as HLM Investment Partners. A count of rooms they were both in, not a relationship either has claimed. [**Sigma Partners** VC firm **9** rounds together](https://millionrounds.com/fund/sigma-partners)[**Long River Ventures** VC firm **7** rounds together](https://millionrounds.com/fund/long-river-ventures)[**Trident Capital** VC firm **7** rounds together](https://millionrounds.com/fund/trident-capital)[**Excel Venture Management** VC firm **5** rounds together](https://millionrounds.com/fund/excel-venture-management-llc)[**Globespan Capital Partners** VC firm **4** rounds together](https://millionrounds.com/fund/globespan-capital-partners)[**Greylock** VC firm **4** rounds together](https://millionrounds.com/fund/greylock-partners)[**Oxford Bioscience Partners** Growth equity **4** rounds together](https://millionrounds.com/fund/oxford-bioscience-partners)[**Sandbox Industries** Corporate VC **4** rounds together](https://millionrounds.com/fund/sandbox-industries)[**The Blue Venture Fund** Corporate VC **4** rounds together](https://millionrounds.com/fund/bluecross-blueshield-venture-partners)[**Ascension Ventures** Corporate VC **3** rounds together](https://millionrounds.com/fund/ascension-ventures)[**Cardinal Partners** Investment bank **3** rounds together](https://millionrounds.com/fund/cardinal-partners)[**GrandBanks Capital** VC firm **3** rounds together](https://millionrounds.com/fund/grandbanks-capital) ## Recently backed The latest companies HLM Investment Partners put money into. [**AbleTo** $39M · Aug 2017](https://millionrounds.com/company/ableto)[**ClearDATA** $12M · Apr 2017](https://millionrounds.com/company/cleardata) ## Quick answers about HLM Investment Partners ### What does HLM Investment Partners invest in? HLM Investment Partners invests most often at Venture and Series C (50% of the rounds on record), in sectors such as Healthcare Services and Healthcare Technology. ### How active is HLM Investment Partners? 69 investments on record, 0 of them in the last 12 months. The most recent was in Aug 2017. ### What has HLM Investment Partners invested in recently? Its most recent investments on record: AbleTo (Undisclosed round, Aug 2017), Regroup Therapy (Series A, Jun 2017) and ClearDATA (Undisclosed round, Apr 2017). ### How big are HLM Investment Partners's cheques? The median round it joins is $12M. ### Does HLM Investment Partners lead rounds? Rarely, if at all: none of its 69 investments on record names it as the lead. ### Where does HLM Investment Partners invest? Most of the companies it backs are in the United States (95%) and Canada (5%). ### Is HLM Investment Partners investing now? No investments in the last 12 months; the latest was in Aug 2017. ### Who does HLM Investment Partners invest alongside? Most often Sigma Partners (9 rounds together), Long River Ventures (7 rounds together) and Trident Capital (7 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=hlm-investment-partners) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=hlm-investment-partners)