BlueStone Venture Partners

BlueStone Venture Partners is a venture capital firm established in 2018, initially launched in Tucson, Arizona, and currently based in Santa Fe, New Mexico. The firm specializes in providing strategic capital and support to early-stage life science companies, primarily focusing on Series A and Series B funding rounds. Its investment interests encompass a range of sectors, including medical devices, health information technology, advanced materials, molecular diagnostics, and biopharma. The firm aims to foster innovation and growth within these industries by partnering with entrepreneurial companies.

Mara Aspinall

Managing Director

Andrew More

Investor

Tom Nickoloff

Managing Director

9 past transactions

GT Medical Technologies

Series C in 2023
GT Medical Technologies develops and manufactures a novel medical device for treating brain tumors. Its flagship product, GammaTile™, combines a conformable collagen matrix with brachytherapy seeds to deliver targeted radiation therapy, potentially revolutionizing treatment for over 176,000 patients annually in the U.S. The company's focus is improving patient outcomes and quality of life.

Elucid

Series B in 2022
Based in Boston's biotech hub, Elucid improves cardiovascular diagnostic imaging via machine learning. Its flagship product, ElucidVivo, is the first FDA-cleared software for evaluating plaque vulnerability from a single CT scan to inform risk assessment and treatment selection.

Akadeum Life Sciences

Series B in 2021
Akadeum Life Sciences develops bioseparation products that facilitate the removal of target cells from biological samples using microscopic micro-bubbles. Its products enable medical practitioners to efficiently perform downstream testing and analysis.

Elucid

Series A in 2021
Based in Boston's biotech hub, Elucid improves cardiovascular diagnostic imaging via machine learning. Its flagship product, ElucidVivo, is the first FDA-cleared software for evaluating plaque vulnerability from a single CT scan to inform risk assessment and treatment selection.

GT Medical Technologies

Series B in 2020
GT Medical Technologies develops and manufactures a novel medical device for treating brain tumors. Its flagship product, GammaTile™, combines a conformable collagen matrix with brachytherapy seeds to deliver targeted radiation therapy, potentially revolutionizing treatment for over 176,000 patients annually in the U.S. The company's focus is improving patient outcomes and quality of life.

Pyx Health

Series A in 2020
Founded in 2017, Pyx Health is a healthcare technology company based in Tucson, Arizona. It develops a mobile solution that connects with members outside traditional care settings to reduce loneliness and social isolation. The platform combines artificial intelligence and human interventions for timely health interventions, addressing social determinants of health.

Paradigm Diagnostics

Series B in 2019
Paradigm Diagnostics specializes in advanced diagnostics technology for personalized cancer treatment. Using Next-Gen Sequencing and other biomarker analysis methods, the company provides detailed information about a patient's genomic and proteomic landscape, identifying specific characteristics of their tumor. This data is used to tailor treatment plans by matching potential therapies to the unique profile of each patient's cancer, thereby enhancing the effectiveness of clinical trials and improving outcomes for cancer patients.

GT Medical Technologies

Series A in 2019
GT Medical Technologies develops and manufactures a novel medical device for treating brain tumors. Its flagship product, GammaTile™, combines a conformable collagen matrix with brachytherapy seeds to deliver targeted radiation therapy, potentially revolutionizing treatment for over 176,000 patients annually in the U.S. The company's focus is improving patient outcomes and quality of life.

BroadSpot Imaging Corporation

Series A in 2018
BroadSpot Imaging Corporation focuses on developing diagnostic medical devices for eye care, specifically in the area of retinal imaging. The company employs advanced imaging technologies and compact, cloud-connected electronics to create cost-effective handheld instruments that replace traditional bulky and expensive diagnostic tools. By integrating AI and machine learning applications, BroadSpot Imaging aims to enhance the efficiency and accessibility of eye care services. Their innovations are designed to meet the growing demand for high-quality diagnostics, particularly as the population ages, allowing eye care professionals to serve more patients effectively and affordably across various medical settings.
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