SAN DIEGO, CALIFORNIA - iCFO Capital Global, Inc., partnered with VIC Tech to raise funding from iCFO Capital Global investor network for VIC’s expansion to additional sites and for increasing the number on new companies formed each year under VIC’s unique life science venture studio model.
VIC Tech is a life science venture studio that sources innovative life science technologies from top research institutions around the world, systematically vets the technologies and selects the ones with the highest impact and commercial potential to be exclusively licensed into startup companies that VIC forms and builds. VIC puts in place the initial team including experienced management and talented product development teams as well as the founding capital through it’s affiliated VIC Investor Network. VIC Tech’s current portfolio of life science companies have raised in excess of $350M and have brought high-impact innovation from the research lab to the commercial market.
VIC is not a fund. It is a venture studio that founds and builds new companies based on exclusively-licensed, high-impact life science technologies. A portion of proceeds from each portfolio company exit event is retained for further investment to support continued rapid VIC share value appreciation and a portion of proceeds is distributed to VIC shareholders.
Some highlights of VIC Tech’s venture studio model from a stakeholder perspective include:
- As a venture studio, VIC has a much larger equity stake per dollar invested compared to investment funds due to holding majority of founding shares on a zero-cost basis: this directly translates into higher return opportunity.
- VIC is an ongoing entity that adds new companies each year where a stake in VIC provides an indirect ownership stake in every current VIC portfolio company as well as every new company VIC forms.
- VIC offers its stakeholders flexible exit timing (e.g., stay in 3 years or stay in 20 years), no management fees or carried interest extracted, and there are fewer players competing in same space.
- The VIC portfolio is diversified by stage of development (from R&D to sales growth stages), sector (therapeutics, medical device, diagnostics, and related areas), and number of companies (15 currently, and growing) with all companies in the portfolio provided an uncommon level of support compared to typical startups.
Calvin Goforth is founder and CEO of VIC Tech. Calvin has been building startup companies for the past 25+ years in founder, executive, board member, and investor roles. During that time he has raised tens of millions of dollars in capital investment, brought multiple products from concept to market, and helped drive several exit events.
For more information about the company visit: https://victech.com/
iCFO Capital Global, Inc. provides a platform for Entrepreneurs to connect with our Private Investors that makes direct debt and equity investment for early-stage and expand growth businesses. To learn more about how your business can secure the funding it needs, visit: https://www.icfocapital.com/
Schedchule a meeting with our Managing Director, Khris Thetsy at the following link: https://calendly.com/icfo-khristhetsy