Fort Wayne-based Mammoth Scientific, a health science and technology venture capital firm, says it has launched a $100 million fund. The company says it will provide VC for health science and technology companies who are maturing beyond seed rounds.
The company says it can help entrepreneurs in health science and technology who often face complex regulatory hurdles.
“Mammoth was founded to help ambitious startups navigate the complex regulatory requirements necessary to gain FDA approval, create reimbursement pathways, and to provide the founders with access to their extensive networks.” said Jay Yadav, co-founder and general partner of Mammoth.
Mammoth says it is creating capital investment pathways for the registered independent advisor (RIA) market.
“RIAs have been completely underserved as it relates to access to high-quality venture capital, and we knew that was a problem we could solve,” said Jud Mackrill, co-founder of Mammoth.