# Spray Venture Partners: portfolio, investments and team

> Spray Venture Partners is a vc firm. 18 investments on record, latest Oct 2013. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/spray-venture-partners (Millionrounds; every figure on the page links to its filing or article)

[Investor](https://millionrounds.com/investors)

# Spray Venture Partners

Last cheque observed Oct 2013. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet VC firm

Series B Series C Venture Emerging Markets

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 18 on record

Since the last cheque **4771** days **00** hrs **00** min **00** sec

Median round **$20M** Rounds led **0 of 18** Sole investor **1 rounds** Exits **2 from the portfolio** Mostly in **United States, 100%**

Pitch Spray Venture Partners

## Spray Venture Partners highlights

- 01 18 rounds on record
- 02 Mostly Series B and Series C: 56% of its rounds
- 03 Sole investor in 1 rounds, median undisclosed
- 04 2 exits from the portfolio

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Emerging Markets
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **18 appearances**

- **2013** 2 rounds
- **Oct** **[Conventus Orthopaedics](https://millionrounds.com/company/conventus-orthopaedics)** Venture · US · sec.gov **$12M** With 2 others
- **Jan** **[Tryton Medical](https://millionrounds.com/company/tryton-medical)** Venture · US · pehub.com **$24M** With 2 others
- **2012** 2 rounds
- **Apr** **[Direct Flow Medical](https://millionrounds.com/company/direct-flow-medical)** Venture · US **$284K** With 8 others
- **Mar** **[Solace Therapeutics](https://millionrounds.com/company/solace-therapeutics)** Series B · US · masshightech.com **$7.0M** With 2 others
- **2011** 1 round
- **Jan** **[PneumRx](https://millionrounds.com/company/pneumrx)** Venture · US · finsmes.com **$33M** With 7 others
- **2010** 2 rounds
- **Sept** **[Tryton Medical](https://millionrounds.com/company/tryton-medical)** Series D · US · finsmes.com **$20M** With 3 others
- **May** **[TearScience](https://millionrounds.com/company/tearscience)** Series C · US · onbiovc.com **$45M** With 5 others
- **2009** 3 rounds
- **Nov** **[Facet Solutions](https://millionrounds.com/company/facet-solutions)** Series C · US · masshightech.com **$3.6M** With 2 others
- **Oct** **[Direct Flow Medical](https://millionrounds.com/company/direct-flow-medical)** Series C · US · deals.venturebeat.com **$40M** With 6 others
- **Jun** **[Facet Solutions](https://millionrounds.com/company/facet-solutions)** Debt · US **$4.1M** With 2 others
- **2007** 6 rounds
- **Oct** **[Direct Flow Medical](https://millionrounds.com/company/direct-flow-medical)** Series B · US **$27M** With 5 others
- **Sept** **[Intrinsic Therapeutics](https://millionrounds.com/company/intrinsic-therapeutics)** Series D · US **$21M** With 2 others
- **Aug** **[Leptos Biomedical](https://millionrounds.com/company/leptos-biomedical)** Series C · US **$20M** With 3 others
- **May** **[Interlace Medical](https://millionrounds.com/company/interlace-medical)** Series B · US **$3.0M** With 1 other
- **Mar** **[PneumRx](https://millionrounds.com/company/pneumrx)** Series B · US **$27M** With 5 others
- **Jan** **[Kolis Scientific](https://millionrounds.com/company/kolis-scientific)** Series B · US **$15M** With 1 other
- **2005** 1 round
- **Dec** **[Facet Solutions](https://millionrounds.com/company/facet-solutions)** Series B · US · healthpointcapital.com **$17M** With 2 others
- **2004** 1 round
- **Jan** **[Facet Solutions](https://millionrounds.com/company/facet-solutions)** Series A · US · healthpointcapital.com **Undisclosed** Sole investor

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

We hold **2** 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.

## Exits from the portfolio

Companies it backed that were later bought or listed **2 in all**

**[PneumRx](https://millionrounds.com/company/pneumrx)** Bought by [BTG](https://millionrounds.com/fund/btg) **$475M** Dec 2014

**[Interlace Medical](https://millionrounds.com/company/interlace-medical)** Bought by Hologic **$125M** Jan 2011

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Series B Series C Venture

Median round joined **$20M** the round, not its cheque Alone, median **-**

Led 0 of 18 rounds **0%**

- **Sole investor:** 1 rounds
- **Last cheque:** Oct 2013
- **Exits:** 2 from the portfolio

Rounds by stage said on their site

- Series B *6*
- Series C *4*
- Venture *4*
- Series D *2*
- Debt *1*
- Series A *1*

Cheques by year Led Joined

2004 2013

Often in the room with

- [De Novo Ventures](https://millionrounds.com/fund/de-novo-ventures) 5
- [New Leaf Venture Partners](https://millionrounds.com/fund/new-leaf-venture-partners) 4
- [EDF Ventures](https://millionrounds.com/fund/edf-ventures) 3
- [Johnson & Johnson Development Corporation (JJDC)](https://millionrounds.com/fund/johnson-and-johnson-development-corporation) 3
- [Pequot Capital](https://millionrounds.com/fund/pequot-capital) 3
- [VantagePoint Capital Partners](https://millionrounds.com/fund/vantagepoint-capital-partners) 3

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## Who they invest alongside

The investors most often in the same rounds as Spray Venture Partners. A count of rooms they were both in, not a relationship either has claimed.

[**De Novo Ventures** Growth equity **5** rounds together](https://millionrounds.com/fund/de-novo-ventures)[**New Leaf Venture Partners** VC firm **4** rounds together](https://millionrounds.com/fund/new-leaf-venture-partners)[**EDF Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/edf-ventures)[**Johnson & Johnson Development Corporation (JJDC)** VC firm **3** rounds together](https://millionrounds.com/fund/johnson-and-johnson-development-corporation)[**Pequot Capital** Growth equity **3** rounds together](https://millionrounds.com/fund/pequot-capital)[**VantagePoint Capital Partners** VC firm **3** rounds together](https://millionrounds.com/fund/vantagepoint-capital-partners)[**Adams Street Partners** VC firm **2** rounds together](https://millionrounds.com/fund/adams-street-partners)[**Alta Partners** VC firm **2** rounds together](https://millionrounds.com/fund/alta-partners)[**Foundation Medical Partners** Private equity **2** rounds together](https://millionrounds.com/fund/foundation-medical-partners)[**New Enterprise Associates** VC firm **2** rounds together](https://millionrounds.com/fund/new-enterprise-associates)[**PTV Sciences** VC firm **2** rounds together](https://millionrounds.com/fund/ptv-sciences)[**RiverVest** VC firm **2** rounds together](https://millionrounds.com/fund/rivervest-venture-partners)

## Quick answers about Spray Venture Partners

### What does Spray Venture Partners invest in?

Spray Venture Partners invests most often at Series B and Series C (56% of the rounds on record), in sectors such as Emerging Markets.

### How active is Spray Venture Partners?

18 investments on record, 0 of them in the last 12 months. The most recent was in Oct 2013.

### How big are Spray Venture Partners's cheques?

The median round it joins is $20M.

### Does Spray Venture Partners lead rounds?

Rarely, if at all: none of its 18 investments on record names it as the lead.

### Where does Spray Venture Partners invest?

Most of the companies it backs are in the United States (100%).

### Is Spray Venture Partners investing now?

No investments in the last 12 months; the latest was in Oct 2013.

### Who does Spray Venture Partners invest alongside?

Most often De Novo Ventures (5 rounds together), New Leaf Venture Partners (4 rounds together) and EDF Ventures (3 rounds together).

### What kind of investor is Spray Venture Partners?

Spray Venture Partners is a VC firm.

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