New Rhein

New Rhein

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Investment Firm

Overview

New Rhein is a venture capital firm focused on healthcare therapeutics and medical devices. Its partners and associates are former industry executives with operational and transactional experience. New Rhein invests in businesses that utilize proven products in new applications (e.g., new indications, new dosage forms, 505(b2)). The company compiles syndicates of operationally focused investors who together bring a wealth of experience and a broad network of relationships to support its portfolio companies in the development, regulatory, reimbursement, marketing, and/or contract manufacturing. New Rhein provides an understanding of what would be attractive to strategic partners and works backward to help its portfolio companies build their value proposition. Prior New Rhein investments have included ophthalmic pharmaceuticals, molecular diagnostics, and respiratory drug/device inhalers.

Highlights

Founded

2011

Industry

Employees

11-50

Investment

9

Lead Investment

6

Exits

3

Stages

Early Stage Venture, Late Stage Venture, Seed

Investor Type

Private Equity Firm, Venture Capital

Location

Philadelphia, Pennsylvania, United States, North America

Contact Information

Social

Profile Resume

New Rhein, established in 2011 and headquartered in United States, North America., specializes in Early Stage Venture, Late Stage Venture, Seed investments across Biotechnology, Health Care, Medical, Financial Services, Banking, Pharmaceutical, Manufacturing, Medical Device, Health Diagnostics, Consumer. The organization boasts a portfolio of 9 investments, with an average round size of $20.4M and 3 successful exits. Their recent investments include Chase Pharmaceuticals, Andera Partners, Cipla, Biocartis, Johnson & Johnson Development Corporation. The highest investment round they participated in was $7.1B. Among their most notable exits are Chase Pharmaceuticals and Andera Partners. Explore their portfolio in detail, see who is connected to them, and find their contact information on our platform.

Employees

imagePlace Nishant Rastogi

Nishant Rastogi

VP

imagePlace Paul Navarre

Paul Navarre

Executive in Residence

Investment portfolio

New Rhein has made 9 investments. Their most recent investment was on Sep 20, 2023, when Corsair Pharma raised $23.0M.

New Rhein has made 1 diversity investments. Their most recent diversity investment was on May 12, 2014, when Chase Pharmaceuticals raised $21.0M.

investments

9

Diversity investments

1

Lead investments

6

Number of exits

3

Investments

9

Annouced DateOrganization NameIndustryMoney Raised
Sep 24, 2020
American Injectables American Injectables
Pharmaceutical10.0M
Oct 06, 2020
Butterfly Medical Butterfly Medical
Health Care7.0M
Aug 29, 2022
Theranica Theranica
Biotechnology45.0M
Sep 20, 2023
Corsair Pharma Corsair Pharma
Manufacturing23.0M

Exits

3

Funding Timeline

Funding rounds

9

Investors

0

Funds

3

Funding Rounds

9

New Rhein has raised 9 rounds. Their latest funding was raised on Sep 20, 2023 from a Series B - Corsair Pharma round.

Annouced DateTransaction NameNumber of InvestorsMoney RaisedLead Investor
Sep 24, 2020
Series A - American Injectables Series A - American Injectables
-10.0M-
Oct 06, 2020
Series B - Butterfly Medical Series B - Butterfly Medical
-7.0M-
Aug 29, 2022
Series C - Theranica Series C - Theranica
-45.0M-
Sep 20, 2023
Series B - Corsair Pharma Series B - Corsair Pharma
-23.0M-

Investors

0

There is no funding round available on this profile

Fund raised

2

Susa Ventures has raised a total of $590M across 6 funds, their latest being Susa Ventures Opportunities II. This fund was announced on Aug 30, 2021 and raised a total of $250M.

Annouced DateFund NameMoney Raised
May 10, 2013
fund image OTPPLESS
1.0M
May 11, 2013
fund image OTPPLESS
1.0M

Invest in industries

N/A