Medical device-focused investor InCube Ventures has raised $50 million, according to a federal filing.
The San Jose-based firm operates as the venture arm of InCube Labs, a research and development lab with facilities in Silicon Valley and San Antonio. It is led by Mir Imran, founder of InCube Labs and a serial entrepreneur with a large patent portfolio in the device space. The filing also lists Andrew Farquharson, a former partner at angel group The Halo Fund, as a managing partner.
InCube Ventures previously raised a $39 million fund, InCube Ventures II, in 2010, according to Thomson Reuters. Its first fund, DFJ InCube Ventures, managed in collaboration with VC firm Draper Fisher Jurvetson, was a $10 million vehicle raised in 2008. The latest filing, submitted to the Securities and Exchange Commission on Wednesday does not list a fund name or limited partners.
The firm sources new investments both from within InCube Labs and outside. Portfolio companies include BodyMedia, a developer of tools for metabolic disorders, Spinal Modulation a developer of implantable devices managing chronic pain, and Nfocus is a neurovascular company focused on treating hemorrhagic stroke.
InCube could not be reached for comment as of press time.
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