Peppermint VenturePartners (PVP) is a private Venture Capital firm based in Berlin, Germany. Grown out of Peppermint Holding, a mid-sized industry group, we are dedicated to supporting outstanding entrepreneurs and innovative scientists in transforming life science.
Along the continuum of care, we invest in disruptive and novel solutions that bring increased efficiency, improved accessibility, cost containment, and digitization of the healthcare system and the life science industry.
Our Mission
Match excellence in technology with excellence in business execution.
Our Vision
Unlock the market potential and accelerate growth of technology-driven early-stage companies in the life science tools & services space.
Our Values
We firmly believe that investing in life science is much more than just providing funding for start-ups. Integrity, fairness, commitment, teamwork, diversity and complying with ESG are therefore strong pillars of our investment decisions.
Our Approach
We love working with dedicated founders and management teams in a collaborative way, supporting them with our unique experience and our strong network of relevant stakeholders in the life science sector.
Our Focus
We invest in life sciences companies – preliminary in Europe with a focus on disruptive innovations.
This is us
Our team combines a longstanding history in funding, mentoring and developing transformative Life Science companies with operational business expertise ranging from international C-Level to entrepreneurial business building.
Venture Team
Management
The combination of complementary skills and interdisciplinary technical expertise together with comprehensive national and international networks in the life science sector, allows PVP to support its portfolio companies in their development. The PVP team members have a track record working in various constellations on investments and exits of several start-ups in the field.
Entrepreneurs in Residence
Entrepreneurs in Residence
Hands-on management support to put companies on the right trajectory with the objective of building capabilities within the portfolio companies.
Advisory Board
Advisory Board
The PVP Advisory Board supports the team as a discussion partner on questions regarding the strategic development of the portfolio. It consists of experienced managers in the healthcare field, clinical experts and successful companies.
Partnerships
Partnerships
PVP has established longstanding relationships with leading research centers in Germany to support them in validating and translating their disruptive scientific ideas into medical solutions.
Since 2010 PVP has been collaborating with the Charité, one of the leading university clinics in Europe. PVP utilizes this relationship for its Peppermint Charité Biomedical Fund (CBF 1), which helps to promote translation of medical research into start-up ideas as well as provide access to a unique clinical research network for its portfolio companies.
In 2011 we started working with the Helmholtz Association, Germany’s largest research organization comprised of 18 centers with more than 43,000 employees and an annual budget of over € 5 billion.
Our sister company, PVP Advisors, carries out the external management of the Helmholtz Validation Fund (HVF), which funded 50 internal projects that bridge the gap between research results and their marketable applications.
In addition, PVP team members are deeply embedded as judges, mentors and coaches in a variety of relevant international start-ups initiatives, business plan competitions and funding networks like TechTour, EIT Health, EIC, etc.
Funds
VC 1
VC 1 was launched in 2000 by entrepreneurial Limited Partner with an industry background. With a volume of € 21 million, VC 1 built a portfolio of eight companies in ICT, industrial technologies and life sciences.
Within this portfolio, four investments were made in Life Sciences companies ranging from drug development to tools and services. Two of these companies were successfully exited.
One of these, Scienion AG, yielded a return of >13x for the fund.
VC 1 achieved a total return of >1.7x.
Investment Details
- Size: € 21 million
- Closing/ (Vintage): 2000
- Intervention: Early Stage
- Sectors: ICT, Industrial Technologies, Life Sciences
- Geography: Germany
- 8 investments
- Overall return: >1.7x
CBF 1
CBF 1 was launched in 2010 within the scope of the cooperation with Charité – Universitätsmedizin Berlin. With a volume of 30 million €, CBF 1 has built a portfolio of eight companies in the Healthcare sector. The focus of investments has been in the areas of ophthalmology and cardiology with four portfolio companies.
One company - Humedics GmbH - was created together with the Charité and three had clinical or business relationships during their development and validation.
The portfolio companies have attracted 185 million € from co-investors from all around the world leveraging CBF 1 investments by a factor of 9.4x.
Investment Details
- Size: € 30 million
- Closing/ (Vintage): 2011
- Intervention: Early Stage
- Sectors: MedTech, Digital Health, Pharma Platforms
- Geography: Europe with a focus on DACH
- 9 investments
- 6 active portfolio companies
LIIDO
LIIDO (Laboratory Intelligence Innovations Digitalization and Operations)
The LIIDO Fund, aimed to launch in 2024 will invest in Future Market Leaders in the Life Science Tools & Services Space. With a target volume of a 100 Mio EUR, LIIDO will focus on investments in technology-driven companies with market traction and initial revenues.
As founder teams frequently lack go-to-market and execution capabilities the LIIDO team is set up to fill those gaps with providing experts and know-how for capability building, thereby accelerating revenue growth and access to tier 1 customer institutions and global partners.
Investment Details
- Target Size: € 100 million
- Sectors: LabTech Tools & Services
- Geography: Europe with a focus on DACH, UK & Scandinavia
Active Portfolio
Exited
CELLACT Pharma GmbH
CellAct Pharma GmbH is a venture backed biotech company focused on the development of innovative therapeutics for the treatment of diseases with high unmet need for certain cancers. CellAct's drug candidate CAP7.1 was purchased by MundiPharma.
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News
labforward merges with LabTwin
Expanded possibilities for laboratory digitalization and connectivity
The two Berlin-based companies labforward and LabTwin, a subsidiary of the life science group Sartorius, are merging in order to be able to offer a significantly expanded portfolio of AI and voice-supported solutions for digitalization, connectivity and workflow optimization in the laboratory environment under the name labforward.
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