Fundraising Fox

Action Potential Venture Capital Ltd.

Venture capital

Scotts Valley · Seed–Late Stage · 3 people tracked

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Investment thesis

Action Potential Venture Capital is a corporate venture fund backed by GSK that invests in peripheral neuromodulation medical devices and bioelectronics technologies.

Invests inMedical DevicesAustraliaUnited States
Stage
Seed–Late Stage
HQ
Scotts Valley, California, US
Instruments
Equity
Founded
2013
Last 12 months
1 investment
AUM
$50M
Tracked investments
6

Team · 3 people

from public directories

What they invest in

from 5 of 6 portfolio companies

Healthtech ×5Biotech ×3Medical Devices ×3AI & Machine Learning ×1Deep Tech ×1

HQs:United States×5

Investments · 6 tracked

founders shown can be your intro path

By year:2025 · 42024 · 12018 · 16 dated

Alpheus Medicalalpheusmedical.cominMay 2025SEC filingmedium confidence

Clinical-stage company developing novel treatment for recurrent high-grade gliomas

HealthtechChanhassen, US

Jeremy Ling(Executive Officer)Steve Weiner(Executive Officer)Vijay Agarwal(Executive Officer, Director)William Davis(Executive Officer, Director)

BoardKlaus Veitinger(Director)Imran Eba(Executive Officer)

Board seatJuan-Pablo Mas· per SEC Form D · $67M raise · filed Jul 2026

CALA HEALTH, INC.Nov 2024SEC filingmedium confidence

San Mateo, US

Board seatJuan-Pablo Mas· per SEC Form D · $51.1M raise · filed Dec 2024

Exo Imagingexo.incin𝕏Jan 2025SEC filingmedium confidence

Exo is a company backed by leading venture capital and corporate investors focused on innovative technologies, with particular emphasis on healthcare, bioelectronic medicines, materials science, and deep technology solutions.

AI & Machine LearningBiotechDeep TechHealthtechMedical Devices

Board seatJuan-Pablo Mas· per SEC Form D · $10M raise · filed May 2025

Neuspera Medical, Inc.neuspera.comin𝕏Jan 2018SEC filingmedium confidence

Neuspera develops an integrated sacral neuromodulation system for treating urinary urge incontinence, using a smart implanted neurostimulator paired with a wireless external battery.

BiotechHealthtechMedical DevicesSan Jose, US

Milton M. Morris(Executive Officer, Director)

Board seatImran Eba· per SEC Form D · $79.6M raise · filed Jun 2021

Saluda MedicalOct 2025SEC filingmedium confidence

HealthtechBloomington, US

Greg Plamondon(Executive Officer)Kristin Caplice(Executive Officer)Barry Regan(Executive Officer, Director)James Schuermann(Director, Executive Officer)Geoffrey Kinghorn(Director)

Board seatJuan-Pablo Mas· per SEC Form D · $30M raise · filed Nov 2025

SetPoint Medicalsetpointmedical.comin𝕏Mar 2025SEC filingmedium confidence

SetPoint Medical develops an implantable wireless device that stimulates the vagus nerve to reduce inflammation and treat rheumatoid arthritis through a neuroimmune modulation approach.

BiotechHealthtechMedical DevicesValencia, US

Board seatJuan-Pablo Mas· per SEC Form D · $115.5M raise · filed Oct 2025

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Frequently asked questions

What stage does Action Potential Venture Capital Ltd. invest at?
Action Potential Venture Capital Ltd. invests at the Seed, Series A, Series B, Series C, Late Stage stages.
What sectors does Action Potential Venture Capital Ltd. focus on?
Action Potential Venture Capital Ltd. focuses on Medical Devices.
Where is Action Potential Venture Capital Ltd. located?
Action Potential Venture Capital Ltd. is headquartered in Scotts Valley, US.

Co-investors · 8

Norwest Venture Partners

Norwest is a venture and growth equity investment firm that has backed over 700 companies across sectors including AI, retail, and healthcare, working alongside entrepreneurs from early to late-stage growth.

Both backed · 1
$10M – $30M
OrbiMed

OrbiMed is a global healthcare-focused investment firm providing financing and operational support to companies across biopharmaceuticals, medical devices, digital health, diagnostics, and healthcare services.

Both backed · 1
$1M – $75M
ShangBay Capital LLC

ShangBay Capital is a venture capital firm that invests in founders building disruptive companies addressing high, unmet clinical needs with novel ideas.

Both backed · 1
Energy Impact Partners

Energy Impact Partners is an investment firm that connects entrepreneurs with major corporates to help transform the global economy toward a more sustainable future.

$5M – $20M
Sandbox Industries

Sandbox Industries is an investment firm that fosters innovation in the healthcare and insurance industries, partnering with corporate strategic investors as limited partners alongside financial investors and portfolio companies.

Morgenthaler

Morgenthaler is a venture capital and private equity firm that has focused on building valuable companies for over 40 years.

Ysios Capital

Ysios Capital is a life sciences investor that finances innovative biotech companies worldwide, providing resources to develop novel therapies for indications with high unmet medical needs.

$5.4M – $21.6M
Cofounders Capital

Cofounders Capital is a North Carolina-based venture firm that leads seed-stage investments in B2B software companies across the southeastern United States.

Firms observed investing alongside Action Potential Venture Capital Ltd., from public investor directories. Shared companies are the overlap with Action Potential Venture Capital Ltd.'s recorded portfolio.

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