# The Vertical Group: portfolio, investments and team

> The Vertical Group is a vc firm based in United States. 37 investments on record, 1 in the last 12 months, latest Sept 2026.

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

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

# The Vertical Group

Last cheque observed Sep 2026; 37 cheques on record.

Email

Deploying now VC firm

Seed Series A Medical Technology Biotechnology

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Deploying now

**100%** of best year **1** **cheques in 12 months**, 37 on record

Since the last cheque **46** days **00** hrs **00** min **00** sec

Median round **$42M** Rounds led **0 of 37** Sole investor **4 rounds** Exits **9 from the portfolio** Mostly in **United States, 100%**

Pitch The Vertical Group

## The Vertical Group highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Series B and Venture: 47% of its rounds
- 03 Sole investor in 4 rounds, median $13M
- 04 9 exits from the portfolio

## What they do

> A venture capital firm that is focused on the fields of medical technology and biotechnology. From their own website

- **Type:** VC firm
- **Cheque size:** Not stated
- **Stages:** Seed Series A
- **Sectors:** Medical Technology Biotechnology
- **Based in:** Bernards, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **37 appearances**

- **2026** 1 round
- **Sept** **[ReEmerge, Inc.](https://millionrounds.com/company/reemerge-inc)** Series A · US · Firms' own news pages **$37M** With 6 others
- **2017** 3 rounds
- **Jul** **[Hinge Health](https://millionrounds.com/company/hinge-health)** Series A · US · TechCrunch **$8.0M** With 2 others
- **Jul** **[Silk Road Medical](https://millionrounds.com/company/silk-road-medical)** US · FinSMEs **$47M** With 2 others
- **May** **[Outset Medical](https://millionrounds.com/company/outset-medical)** Series C · US · FinSMEs **$77M** With 4 others
- **2015** 3 rounds
- **Oct** **[Silk Road Medical](https://millionrounds.com/company/silk-road-medical)** Venture · US **$57M** With 2 others
- **Jun** **[Outset Medical](https://millionrounds.com/company/outset-medical)** Series C · US **$51M** With 5 others
- **May** **[Outset Medical](https://millionrounds.com/company/outset-medical)** Series B · US **$60M** With 1 other
- **2014** 2 rounds
- **Nov** **[Monteris Medical](https://millionrounds.com/company/monteris-medical)** Series B · US **$30M** With 2 others
- **Apr** **[Omada Health](https://millionrounds.com/company/omada-health)** Series B · US **$23M** With 3 others
- **2013** 1 round
- **Apr** **[AtheroMed](https://millionrounds.com/company/atheromed)** Growth · US · sec.gov **$6.0M** With 3 others
- **2012** 3 rounds
- **Apr** **[Silk Road Medical](https://millionrounds.com/company/silk-road-medical)** Series B · US **$13M** Sole investor
- **Apr** **[AtheroMed](https://millionrounds.com/company/atheromed)** Growth · US **$13M** Sole investor
- **Apr** **[Silk Road Medical](https://millionrounds.com/company/silk-road-medical)** Growth · US **$21M** Sole investor
- **2010** 2 rounds
- **Oct** **[CellBiosciences](https://millionrounds.com/company/cellbiosciences)** Series F · US · xconomy.com **$20M** With 7 others
- **Aug** **[TetraLogic Pharmaceuticals](https://millionrounds.com/company/tetralogic-pharmaceuticals)** Series C · US · fiercebiotech.com **$32M** With 7 others
- **2009** 2 rounds
- **May** **[PhotoThera](https://millionrounds.com/company/photothera)** Series D · US · onbiovc.com **$50M** With 4 others
- **Apr** **[CellBiosciences](https://millionrounds.com/company/cellbiosciences)** Series C · US · pehub.com **$10M** With 6 others
- **2008** 2 rounds
- **Nov** **[OncoMed Pharmaceuticals](https://millionrounds.com/company/oncomed-pharmaceuticals)** Series B · US · biospace.com **$154M** With 8 others
- **Jun** **[Meritage Pharma](https://millionrounds.com/company/meritage-pharma)** Series A · US **$23M** With 2 others
- **2007** 4 rounds
- **Jun** **[Tepha](https://millionrounds.com/company/tepha)** Series B · US · tepha.com **$11M** With 3 others
- **May** **[Silk Road Medical](https://millionrounds.com/company/silk-road-medical)** Series A · US **$3.4M** Sole investor
- **Apr** **[Bacchus Vascular](https://millionrounds.com/company/bacchus-vascular)** Venture · US · deals.venturebeat.com **$6.5M** With 2 others
- **Feb** **[Narad Networks](https://millionrounds.com/company/narad-networks)** Growth · US **$10M** With 3 others
- **2006** 5 rounds
- **Dec** **[Galil Medical](https://millionrounds.com/company/galil-medical)** Venture · US · galil-medical.com **$52M** With 2 others
- **May** **[ViaCyte](https://millionrounds.com/company/viacyte)** Venture · US **$20M** With 7 others
- **Apr** **[PhotoThera](https://millionrounds.com/company/photothera)** Series C · US · highbeam.com **$31M** With 5 others
- **Apr** Seed **$42M** With 12 others
- **Jan** **[CellBiosciences](https://millionrounds.com/company/cellbiosciences)** Series B · US · bio-medicine.org **$27M** With 7 others
- **2005** 1 round
- **Oct** **[PhyFlex Networks](https://millionrounds.com/company/phyflex-networks)** Venture · US **$2.5M** With 2 others
- **2004** 3 rounds
- **Sept** **[Velocimed](https://millionrounds.com/company/velocimed)** Series B · US **$17M** With 3 others
- **Aug** **[BioSET](https://millionrounds.com/company/bioset)** Series B · US **$5.0M** With 5 others
- **Jan** **[PhyFlex Networks](https://millionrounds.com/company/phyflex-networks)** Series A · US **$18M** With 4 others
- **2003** 4 rounds
- **Oct** **[OsteoBiologics](https://millionrounds.com/company/osteobiologics)** Venture · US **$9.2M** With 2 others
- **Jul** **[Bacchus Vascular](https://millionrounds.com/company/bacchus-vascular)** Series D · US **$25M** With 2 others
- **Jul** **[Velocimed](https://millionrounds.com/company/velocimed)** Series C · US **$18M** With 2 others
- **Jan** **[Vascular Architects](https://millionrounds.com/company/vascular-architects)** Series D · US **$16M** With 8 others
- **2002** 1 round
- **Nov** **[Narad Networks](https://millionrounds.com/company/narad-networks)** Series B · US **$16M** With 9 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

We hold **11** 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 they claim to have backed

From their own portfolio page (on their website)

**8** of 16 we have independently watched raise

[Galil Medical](https://millionrounds.com/company/galil-medical)[Meritage Pharma](https://millionrounds.com/company/meritage-pharma)[Monteris Medical](https://millionrounds.com/company/monteris-medical)[Omada](https://millionrounds.com/company/omada-health)[Outset Medical](https://millionrounds.com/company/outset-medical)[Remedy Pharmaceuticals](https://millionrounds.com/company/remedy-pharmaceuticals)[Tepha](https://millionrounds.com/company/tepha)[ViaCyte](https://millionrounds.com/company/viacyte) Biosurface Technologies Inc. (BioSET) Custom Dynamics Oncomed Partner Portal Prevent ProteinSimple Silk Road Medical Tornier

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 **9 in all**

**[Meritage Pharma](https://millionrounds.com/company/meritage-pharma)** Bought by [Shire](https://millionrounds.com/fund/shire) **$245M** Feb 2015

**[CellBiosciences](https://millionrounds.com/company/cellbiosciences)** Bought by Bio-Techne **Undisclosed** Jun 2014

**[AtheroMed](https://millionrounds.com/company/atheromed)** Bought by Volcano Corporation **$117M** May 2014

**[OncoMed Pharmaceuticals](https://millionrounds.com/company/oncomed-pharmaceuticals)** Listed **$82M** Jul 2013

**[Bacchus Vascular](https://millionrounds.com/company/bacchus-vascular)** Bought by [Covidien](https://millionrounds.com/fund/covidien) **Undisclosed** Mar 2009

**[Vascular Architects](https://millionrounds.com/company/vascular-architects)** Bought by LeMaitre Vascular **Undisclosed** Sept 2007

**[PhyFlex Networks](https://millionrounds.com/company/phyflex-networks)** Bought by [Ciena](https://millionrounds.com/fund/ciena) **Undisclosed** Sept 2007

**[OsteoBiologics](https://millionrounds.com/company/osteobiologics)** Bought by [Smith & Nephew](https://millionrounds.com/fund/smith-and-nephew) **Undisclosed** Jul 2006

**[Velocimed](https://millionrounds.com/company/velocimed)** Bought by [St. Jude Medical](https://millionrounds.com/fund/st-jude-medical) **$74M** Feb 2005

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

## The cheque

Seed Series A

Median round joined **$42M** the round, not its cheque Alone, median **$13M**

Led 0 of 37 rounds **0%**

- **Sole investor:** 4 rounds
- **Last cheque:** Sept 2026
- **Exits:** 9 from the portfolio

Rounds by stage said on their site

- Series B *10*
- Venture *6*
- Series C *6*
- Series A said *5*
- Growth *4*
- Series D *3*
- Seed said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Warburg Pincus](https://millionrounds.com/fund/warburg-pincus) 10
- [Latterell Venture Partners](https://millionrounds.com/fund/latterell-venture-partners) 6
- [Domain Associates](https://millionrounds.com/fund/domain-associates) 5
- [De Novo Ventures](https://millionrounds.com/fund/de-novo-ventures) 4
- [Polaris Partners](https://millionrounds.com/fund/polaris-partners) 4
- [U.S. Venture Partners](https://millionrounds.com/fund/u-s-venture-partners-usvp) 4

**Pitching The Vertical Group?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

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

[**Warburg Pincus** Private equity **10** rounds together](https://millionrounds.com/fund/warburg-pincus)[**Latterell Venture Partners** VC firm **6** rounds together](https://millionrounds.com/fund/latterell-venture-partners)[**Domain Associates** VC firm **5** rounds together](https://millionrounds.com/fund/domain-associates)[**De Novo Ventures** Growth equity **4** rounds together](https://millionrounds.com/fund/de-novo-ventures)[**Polaris Partners** VC firm **4** rounds together](https://millionrounds.com/fund/polaris-partners)[**U.S. Venture Partners** VC firm **4** rounds together](https://millionrounds.com/fund/u-s-venture-partners-usvp)[**Argo Global Capital** Growth equity **3** rounds together](https://millionrounds.com/fund/argo-global-capital)[**CRG** Private equity **3** rounds together](https://millionrounds.com/fund/crg-lp)[**Delphi Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/delphi-ventures)[**Johnson & Johnson Development Corporation (JJDC)** VC firm **3** rounds together](https://millionrounds.com/fund/johnson-and-johnson-development-corporation)[**Kaiser Permanente Ventures** Corporate VC **3** rounds together](https://millionrounds.com/fund/kaiser-permanente-ventures)[**RBC Venture Partners** VC firm **3** rounds together](https://millionrounds.com/fund/rbc-venture-partners)

## Recently backed

The latest companies The Vertical Group put money into.

[**Hinge Health** $8.0M · Jul 2017](https://millionrounds.com/company/hinge-health)[**Outset Medical** $77M · May 2017](https://millionrounds.com/company/outset-medical)

## Quick answers about The Vertical Group

### What does The Vertical Group invest in?

The Vertical Group invests most often at Series B and Venture (47% of the rounds on record), in sectors such as Medical Technology and Biotechnology.

### How active is The Vertical Group?

37 investments on record, 1 of them in the last 12 months. The most recent was in Sept 2026.

### What has The Vertical Group invested in recently?

Its most recent investments on record: ReEmerge, Inc. (Series A, Sept 2026), Hinge Health (Series A, Jul 2017) and Silk Road Medical (Undisclosed round, Jul 2017).

### How big are The Vertical Group's cheques?

The median round it joins is $42M.

### Does The Vertical Group lead rounds?

Rarely, if at all: none of its 37 investments on record names it as the lead.

### Where does The Vertical Group invest?

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

### Is The Vertical Group investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### Who does The Vertical Group invest alongside?

Most often Warburg Pincus (10 rounds together), Latterell Venture Partners (6 rounds together) and Domain Associates (5 rounds together).

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