# Tullis Health Investors: portfolio, investments and team

> Tullis Health Investors is a private equity based in United States. 20 investments on record, latest Oct 2015. Portfolio, stages, co-investors and team.

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

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

# Tullis Health Investors

Last cheque observed Oct 2015. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet Private equity Website unconfirmed

Seed Series A Series B In Vitro Diagnostics Medical Devices Medtech

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 20 on record

Since the last cheque **4038** days **00** hrs **00** min **00** sec

Median round **$12M** Rounds led **0 of 20** Sole investor **1 rounds** Exits **5 from the portfolio** Mostly in **United States, 100%**

Pitch Tullis Health Investors

## Tullis Health Investors highlights

- 01 20 rounds on record
- 02 Mostly Series B and Series C: 50% of its rounds
- 03 Sole investor in 1 rounds, median $122K
- 04 5 exits from the portfolio

## What they do

- **Type:** Private equity (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth Pre-IPO
- **Sectors:** In Vitro Diagnostics Medical Devices Medtech
- **Based in:** North Palm Beach, United States
- **Cold pitches:** Not stated

A website was listed for this organisation, but we could not confirm it belongs to the firm that wrote these cheques. Either the site never mentions them, or it turned out to be a different company sharing the name. We show neither it nor anything read from it. [Tell us the right one](https://millionrounds.com/corrections?slug=tullis-health-investors).

## The record

Every round we can evidence, newest first **20 appearances**

- **2015** 2 rounds
- **Oct** **[CareSync](https://millionrounds.com/company/caresync)** Series B · US **$18M** With 6 others
- **Mar** **[OrthoSensor](https://millionrounds.com/company/orthosensor)** Series C · US **$19M** With 1 other
- **2014** 2 rounds
- **Oct** **[CareSync](https://millionrounds.com/company/caresync)** Series A · US **$4.3M** With 3 others
- **Jul** **[Exagen Diagnostics](https://millionrounds.com/company/exagen-diagnostics)** Debt · US **$4.0M** With 3 others
- **2013** 1 round
- **Nov** **[Exagen Diagnostics](https://millionrounds.com/company/exagen-diagnostics)** Debt · US · pehub.com **$25M** With 5 others
- **2012** 3 rounds
- **Sept** **[Exagen Diagnostics](https://millionrounds.com/company/exagen-diagnostics)** Series B · US · finsmes.com **$5.3M** With 4 others
- **Jul** **[Estech](https://millionrounds.com/company/estech)** Venture · US **$122K** Sole investor
- **Feb** **[Exagen Diagnostics](https://millionrounds.com/company/exagen-diagnostics)** Series C · US **$34M** With 2 others
- **2011** 3 rounds
- **Dec** **[Exagen Diagnostics](https://millionrounds.com/company/exagen-diagnostics)** Series A · US · sec.gov **$12M** With 2 others
- **May** **[Exagen Diagnostics](https://millionrounds.com/company/exagen-diagnostics)** Growth · US · sec.gov **$5.4M** With 4 others
- **Feb** **[Exagen Diagnostics](https://millionrounds.com/company/exagen-diagnostics)** Series B · US **$17M** With 4 others
- **2010** 2 rounds
- **Dec** **[Estech](https://millionrounds.com/company/estech)** Series D · US · finsmes.com **$8.5M** With 3 others
- **Mar** **[BioBehavioral Diagnostics](https://millionrounds.com/company/biobehavioral-diagnostics)** Series B · US · onbiovc.com **$10M** With 1 other
- **2009** 3 rounds
- **Oct** **[Synageva BioPharma](https://millionrounds.com/company/synageva-biopharma)** Series F · US · altassets.net **$12M** With 4 others
- **Oct** **[Coherex Medical](https://millionrounds.com/company/coherex-medical)** Series B · US · onbiovc.com **$17M** With 2 others
- **Apr** **[Synageva BioPharma](https://millionrounds.com/company/synageva-biopharma)** Series F · US · pehub.com **$30M** With 1 other
- **2008** 1 round
- **Apr** **[Aldagen](https://millionrounds.com/company/aldagen)** Series D · US **$18M** With 3 others
- **2007** 1 round
- **Sept** **[Aldagen](https://millionrounds.com/company/aldagen)** Series C · US · findarticles.com **$9.0M** With 3 others
- **2005** 2 rounds
- **Aug** **[Adiana](https://millionrounds.com/company/adiana)** Series D · US · allbusiness.com **$23M** With 8 others
- **Jun** **[Exagen Diagnostics](https://millionrounds.com/company/exagen-diagnostics)** Series B · US · highbeam.com **$7.0M** 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 **5 named**

DG **Darlene G Franze** Senior Vice President and Secretary of Tullis Health Investors of Florida, LLC i Form ADV

JL **James Luther Lyman Tullis** Chairman of Tullis Health Investors of Florida, LLC i Form ADV

JL **John Luther Tullis** Chief Executive Officer of Tullis Health Investors of Florida, LLC i Form ADV

LT **Linda Tullis** Member of the Tullis Health Investors of Florida, LLC i Form ADV

NM **Nora Mende** Chief Financial Officer i Form ADV

We also hold **9** 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

**$59M** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Tullis Health Investors Of Florida LLC
- **SEC number:** CRD 288036

## What they claim to have backed

From their own portfolio page (on their website)

**2** of 7 we have independently watched raise

[Cerene](https://millionrounds.com/company/channel-medsystems)[Electrocore](https://millionrounds.com/company/electrocore) Atecspine Docmatter Exagen Newton Trisaluslifesci

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 **5 in all**

**[Coherex Medical](https://millionrounds.com/company/coherex-medical)** Bought by Biosense Webster **Undisclosed** Nov 2015

**[Synageva BioPharma](https://millionrounds.com/company/synageva-biopharma)** Bought by [Alexion Pharmaceuticals](https://millionrounds.com/fund/alexion-pharmaceuticals) **$8.4B** May 2015

**[Estech](https://millionrounds.com/company/estech)** Bought by AtriCure **$60M** Dec 2013

**[Aldagen](https://millionrounds.com/company/aldagen)** Bought by Nuo Therapeutics **Undisclosed** Feb 2012

**[Adiana](https://millionrounds.com/company/adiana)** Bought by [Cytyc](https://millionrounds.com/fund/cytyc) **$215M** Feb 2007

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

## The cheque

Seed Series A Series B

Median round joined **$12M** the round, not its cheque Alone, median **$122K**

Led 0 of 20 rounds **0%**

- **Sole investor:** 1 rounds
- **Last cheque:** Oct 2015
- **Exits:** 5 from the portfolio

Rounds by stage said on their site

- Series B said *6*
- Series C *3*
- Series D *3*
- Debt *2*
- Series A said *2*
- Series F *2*
- Seed said *-*

Cheques by year Led Joined

2005 2015

Often in the room with

- [Sun Mountain Capital](https://millionrounds.com/fund/sun-mountain-capital) 7
- [Cottonwood Technology Fund](https://millionrounds.com/fund/cottonwood-technology-fund) 5
- [Mesa Verde Venture Partners](https://millionrounds.com/fund/mesa-verde-venture-partners) 4
- [Epic VC](https://millionrounds.com/fund/epic-ventures) 3
- [Baker Brothers Investments](https://millionrounds.com/fund/baker-brothers-investments) 2
- [CDH Solutions](https://millionrounds.com/fund/cdh-solutions) 2

**Pitching Tullis Health Investors?** 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 Tullis Health Investors. A count of rooms they were both in, not a relationship either has claimed.

[**Sun Mountain Capital** Private equity **7** rounds together](https://millionrounds.com/fund/sun-mountain-capital)[**Cottonwood Technology Fund** VC firm **5** rounds together](https://millionrounds.com/fund/cottonwood-technology-fund)[**Mesa Verde Venture Partners** VC firm **4** rounds together](https://millionrounds.com/fund/mesa-verde-venture-partners)[**Epic VC** VC firm **3** rounds together](https://millionrounds.com/fund/epic-ventures)[**Baker Brothers Investments** Growth equity **2** rounds together](https://millionrounds.com/fund/baker-brothers-investments)[**CDH Solutions** VC firm **2** rounds together](https://millionrounds.com/fund/cdh-solutions)[**Clearwell Group** Family office **2** rounds together](https://millionrounds.com/fund/clearwell-group)[**Cottonwood Technology Fund** VC firm **2** rounds together](https://millionrounds.com/fund/cottonwood-technology-fund-2)[**Epic Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/epic-ventures-2)[**Harbert Growth Partners** Asset manager **2** rounds together](https://millionrounds.com/fund/harbert-growth-partners)[**Intersouth Partners** VC firm **2** rounds together](https://millionrounds.com/fund/intersouth-partners)[**Travis Bond** Angel **2** rounds together](https://millionrounds.com/fund/travis-bond)

## Quick answers about Tullis Health Investors

### What does Tullis Health Investors invest in?

Tullis Health Investors invests most often at Series B and Series C (50% of the rounds on record), in sectors such as In Vitro Diagnostics, Medical Devices and Medtech.

### How active is Tullis Health Investors?

20 investments on record, 0 of them in the last 12 months. The most recent was in Oct 2015.

### How big are Tullis Health Investors's cheques?

The median round it joins is $12M.

### Does Tullis Health Investors lead rounds?

Rarely, if at all: none of its 20 investments on record names it as the lead.

### Where does Tullis Health Investors invest?

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

### Is Tullis Health Investors investing now?

No investments in the last 12 months; the latest was in Oct 2015.

### Who does Tullis Health Investors invest alongside?

Most often Sun Mountain Capital (7 rounds together), Cottonwood Technology Fund (5 rounds together) and Mesa Verde Venture Partners (4 rounds together).

### What kind of investor is Tullis Health Investors?

Tullis Health Investors is a private equity firm based in North Palm Beach, United States.

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