Fundraising Fox

Gilmartin Capital LLC

Venture capital

Larkspur · Series A–Late Stage · 2 people tracked

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Investment thesis

Gilmartin Capital invests in companies developing platforms addressing large or underserved diseases, technologies that accelerate scientific discovery, and solutions improving the cost, site, and delivery of care. It targets opportunities beyond proof of concept that are positioned for significant development and growth in the medical device, life science tool, diagnostic, and digital health sectors. The firm emphasizes insight over pure capital, drawing on more than two decades of domain expertise in strategy, market assessment, and capital markets advisory. It leverages a proprietary network of key opinion leaders and operators, many of whom are also its fund investors.

Source: firm website, verified Aug 3, 2026.

Stage
Series A–Late Stage
HQ
Larkspur, US
Instruments
Equity
Private fund assets
$61M
VC funds
1

Team · 2 people

from the firm's website
David Lewis· Managing Partner

David has 25 years of healthcare experience evaluating medical device, life science tool, diagnostic, and digital health companies and advising boards. Before founding Gilmartin Capital, he was a Managing Director and Head of Morgan Stanley's medical technology equity research practice, and previously a partner and founding member of the healthcare practice at Thomas Weisel Partners. He holds a BA in healthcare policy from the University of Pennsylvania.

Jonathan Demchick· Co-Founder & Principal

Jon has 14 years of healthcare experience across investing, evaluating medical technology companies, and advising hospital systems. Before co-founding Gilmartin Capital, he was an Investment Analyst at Millennium Management and an Executive Director in Morgan Stanley's medical technology equity research practice, and previously a consultant at FTI Consulting. He holds a BS in economics from the University of Pennsylvania's Wharton School.

Frequently asked questions

What stage does Gilmartin Capital LLC invest at?
Gilmartin Capital LLC invests at the Series A, Series B, Growth, Late Stage stages.
What sectors does Gilmartin Capital LLC focus on?
Gilmartin Capital LLC focuses on Biotech, Digital Health, Healthtech, Medical Devices.
Where is Gilmartin Capital LLC located?
Gilmartin Capital LLC is headquartered in Larkspur, US.

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