Life Sciences Greenhouse Investments Partners with ArgoPond to Accelerate Pace of Life Science Investments in Pennsylvania
January 24, 2023 – Harrisburg, PA. Life Sciences Greenhouse Investments (www.LSGPA.com), an early-stage venture investment firm focused on healthcare technologies, announced today a new partnership with Philadelphia-based ArgoPond (www.ArgoPond.com), an investment diligence firm with expertise in medical devices and diagnostics. ArgoPond serves both early-stage companies and institutional investors and family offices in North America and Asia.
“The rapid pace of innovation in the life sciences presents incredible opportunities for investors but also requires – especially for early-stage funds like ours – a considerable amount of specialized expertise and attention to emerging healthcare trends,” said LSG Investments President and CEO, Michele Washko. “ArgoPond brings a global perspective and broad professional network that will help ensure that our investment decisions reflect the best available industry intelligence.
ArgoPond Founder and Managing Director Dr. John Younger commented on the importance of challenging underlying assumptions and potentially outdated methodologies when assessing investment opportunities in the current environment. “The global economy and healthcare are simultaneously undergoing enormous changes,” said Younger. “We thrive on taking a fresh look at everything from technology readiness to valuation and time-to-exit each time we’re introduced to a new company.” He added, “We’re eager to bring our experience, tools, and data to LSG Investments, an organization that shares our mindset and is investing in Pennsylvania, our backyard.”
About Life Sciences Greenhouse Investments
Life Sciences Greenhouse Investments provides funding and targeted business advice to help startup life science companies bring life-changing technologies to market. By providing early-stage capital and operational expertise to innovative technologies, fostering company growth and job creation, LSG Investments is strengthening Pennsylvania’s vibrant life sciences ecosystem and improving healthcare outcomes for patients around the world.
LSG Investments was founded in 2002 as Life Sciences Greenhouse of Central PA. Since then, the evergreen venture fund has invested $37 million into 72 companies and projects.
About ArgoPond
ArgoPond provides technical and business advice to clients on both sides of early life science investment deals. It provides deal discovery and diligence services for venture capital, private equity, and private-public partnerships that invest in new medical device and diagnostic start-ups. It also offers complementary services to new companies, helping them best position themselves for investment and solve operational problems that often stand in the way of first fundraising.
ArgoPond was founded in 2016 by former physician-scientist and investor Dr. John Younger. It is based in Bala Cynwyd, Pennsylvania.
Contacts:
Dr. John Younger
jyounger@argopond.com
734-358-1296
Michele Washko
mwashko@LSGPA.com
717-514-0436
