Delphi Ventures

Delphi Ventures is a California-based venture capital and private equity firm founded in 1988 and based in San Mateo. It focuses on life sciences, biotechnology, and healthcare, investing across seed, early-stage, mid-venture, late-venture, and growth opportunities as well as PIPE investments. The firm backs companies in the United States and Canada, with emphasis on medical devices and equipment as well as biotechnology. Its medical devices coverage includes cardiovascular medicine, orthopedics, gynecology, minimally invasive surgery, urology, neurovascular medicine, and next-generation diagnostics. In biotechnology, Delphi typically backs companies after early human clinical data or preclinical efficacy and toxicity studies. Typical investment sizes range from approximately $0.5 million to $12 million, supporting companies through multiple development stages. Delphi Ventures aims to help portfolio companies advance clinical milestones, accelerate commercialization, and grow within the healthcare and life sciences sectors.