BioAdvance is an evergreen fund that provides early-stage capital for companies in the mid-Atlantic region developing technologies to enhance human health. Comprised of a team of experienced business executives, scientists, physicians, and entrepreneurs, BioAdvance actively collaborates with startups to ensure their growth and success. The fund has a strong portfolio that has attracted over $4.2 billion in follow-on funding, enabling significant advancements in the life sciences including therapeutics, medical devices, research tools, diagnostics, and health IT.
2002
46-0481876
$81.95 million
This organization contributes to the following United Nations Sustainable Development Goals. See the SDG page for more information.
BioAdvance focuses on investing in life science technologies that enhance human health.
Our portfolio companies have collectively raised over $4.2 billion in follow-on funding.
Stay updated on the latest news and funding announcements from our portfolio companies.
Investments in Companies
Invested in over 100 companies and more to come.
Successful Exits
Achieved 23 exits including acquisitions and public offerings.
FDA Approved Products
Developed 12 products that have received FDA approval.
Overall Score
52
32
/100
Program Expense Ratio
62.60%
6
/20
Program Revenue Growth
-236.65%
2
/20
Leverage Ratio
0.0562
20
/20
Working Capital Ratio
30.83
2
/20
Fundraising Efficiency
0
2
/20
Fiscal Year:2022
Source:Source: Self-reported by organization
Category | Amount | Percentage |
---|---|---|
Contributions, Gifts, and Grants | 1.353M | 85.28% |
Program Services | -1.091M | -68.75% |
Investment Income | 1.227M | 77.34% |
Sales of Non-Inventory Assets | -87.62K | -5.52% |
Other Notable Sources | 0 | 0.00% |
Total Revenue | 1.586M | 100.00% |
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