SAN
FRANCISCO, May 7, 2024 /PRNewswire/ -- HM Venture
Partners (HMVP), a global healthcare venture capital firm, is
thrilled to announce that Harry
Hoffman and David Herbert
have joined as Venture Partners. In their roles, Harry and David
will enrich team structure, broaden proprietary deal sourcing
capability, and enhance growth opportunities for portfolio
companies.
"We are extremely excited to welcome Harry and David to our
firm. I had the honor of working with them at the Mayo Clinic
for many years," said Robert Luo,
Founding and Managing Partner of HMVP. "Their profound insights and
knowledge of the medical market, rich investment experience,
excellent management capabilities, and deep healthcare market
relationships will greatly add to our team's broad global vision
and strong execution capabilities."
Harry Hoffman previously served
as Chief Investment Officer at Mayo Clinic, where he designed and
implemented a global multi-asset investment strategy and helped
Mayo achieve top tier long term performance. Harry also served as
Treasurer for Mayo where he oversaw issuance of debt, banking,
insurance, and risk management relationships.
David Herbert previously served
as Chief Administrative Officer of Mayo Clinic Laboratories, one of
the largest specialty medical reference laboratories in the world,
serving clients in over 100 countries. In addition, he led
the New Ventures and Technology Commercialization divisions at Mayo
Clinic Ventures and later served as Chair of Mayo Clinic Global
Business Solutions, which is charged with extending Mayo products
and services globally.
In 2021, Harry and David formed Southeast Minnesota Capital
Partners (SMCP), a seed and early-stage venture capital firm that
manages Southeast Minnesota Capital Funds I and II, which back high
potential Minnesota med tech and
life sciences start ups, including many with Mayo Clinic roots.
The Funds' investors include many Mayo Clinic physicians
and business leaders as well as high net worth individuals and
investment professionals from across the U.S.
"David and I are delighted to join the HMVP team and leverage
our long-term healthcare industry experience to continue to seek
and grow innovative and significant growth-oriented opportunities,"
said Harry Hoffman.
About HM Venture Partners
HM Venture Partners (HMVP) is a healthcare venture capital firm
that works with high growth medical and healthcare companies at all
stages to address unmet needs in huge markets and deliver
consistently strong results to investors. Established in 2019, HMVP
manages 3 funds with 60 portfolio companies and has approximately
$600 million in assets under
management. The team with over 25 professionals is based in
San Francisco, Rochester (MN), Beijing, and Shanghai. For more information, please
visit hmventurepartners.com.
Contact
Jane Lindner,
VP
Phone: (415) 740-2929
Email: jlindner@hmventurepartners.com
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SOURCE HM Venture Partners