DeNovo Ventures

What DeNovo Ventures does

DeNovo Ventures is a privately held venture capital firm founded in 2000 and based in Saratoga, California. According to its firmographic profile, the firm was formed by seasoned investors and experienced medical device entrepreneurs who sought to share the lessons of operating in the medical device sector, indicating a thematic specialization in medical device and healthcare investing rather than generalist venture investing.

The firm operates with a small, partner-led team of one to ten employees. Its leadership comprises co-founders and managing directors David M. Mauney and Richard Ferrari, managing directors Frederick Dotzler, Jay Watkins, and Joe Mandato, and Paul Cioni as Executive Vice President of Operations and CTO. The combination of investor and former-operator backgrounds is positioned as the firm's core differentiation.

The business model follows standard venture capital economics: the firm raises capital from limited partners and invests in early-stage medical device companies, generating revenue primarily through management fees and, when successful, carried interest on portfolio realizations. The firm's own web presence is minimal — its public site consists of a tracking pixel and a privacy opt-out link — providing no additional disclosure on fund size, portfolio composition, AUM, or recent investment activity.

Name

DeNovo Ventures

Website

https://denovovc.com

Company type

Private

Founded year

2000

Headcount range

251–500 employees

Short description

DeNovo Ventures is a small, privately held venture capital firm founded in 2000 in Saratoga, California that invests in medical device companies, leveraging the operating and investing experience of its six-person partner team.

Ownership category

akta.pro rank

Product category

Venture Capital — Medical Device Investment

NAICS

Management Consulting Services (54161), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Services-Management Consulting Services (8742), Investment Advice (6282)

akta.pro primary industry

Corporate Innovation & Technology Scouting Units (with investment mandate) (FSANAHAI)

Keywords

• Venture capital
• Medical device investing
• Early-stage funding
• Growth equity
• Healthcare venture capital

Headquarters

HQ city

Saratoga

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations

Core offering

DeNovo Ventures is a venture capital firm that invests in medical device companies. Founded in 2000 by seasoned investors and experienced medical device entrepreneurs, the firm provides equity capital and operational guidance to early-stage and growth-stage medical device businesses. It is based in Saratoga, United States, and operates with a small team of professionals.

Differentiator

Problem solved

Functional benefit

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves2 records

Expansion highlights2 records

Direct peers

• Domain Associates: Long-standing healthcare and medical device venture firm. Direct comparable to DeNovo in terms of sector specialization and historical vintage span.
• OrbiMed Advisors: Healthcare-dedicated venture capital firm investing across medical devices, biopharma, and diagnostics. Closest comparable to DeNovo given its healthcare-specialist thesis and multi-stage investment approach.
• Versant Ventures: Healthcare-focused venture firm with deep medical device and diagnostics investing experience. Operates as a specialist GP comparable in scope and orientation to DeNovo Ventures.
• SV Health Investors: Healthcare-dedicated venture and growth equity firm with long history of medical device and biotechnology investing. Directly comparable specialist GP to DeNovo.
• Vensana Capital: Venture and growth equity firm exclusively focused on medical technology and medical devices. Highly comparable specialist thesis and stage focus to DeNovo Ventures.
• SightLine Partners: Medical device-focused growth equity and venture firm. Similar specialist orientation, providing growth capital to commercial-stage medical technology companies.

Broad incumbents

• New Enterprise Associates (NEA): Large multi-stage venture firm with a substantial healthcare and medical device practice. A broader incumbent that competes for similar deals but operates across many sectors.
• Baird Capital: Multi-sector private equity and venture firm with an active healthcare practice. Overlaps with DeNovo in medical device deal sourcing but operates as a broader platform.
• Ascension Ventures: Healthcare-focused strategic investment platform affiliated with Ascension Health. Invests across medical devices and digital health, providing a corporate-strategic peer comparable to DeNovo's healthcare focus.

Regional players

• Sofinnova Partners: Europe-based healthcare and medtech venture firm. Comparable medtech-specialist thesis but primarily serves European entrepreneurs, with limited direct overlap with DeNovo's US-centric deal flow.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments103 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about DeNovo Ventures