Hunniwell Lake Ventures

Hunniwell Lake Ventures is a venture capital investment firm established in 2019 and located in Palo Alto, California. The firm specializes in investing in the healthcare and medical device sectors, focusing on extensions of proven technologies in overlooked market segments. By providing entrepreneurs with a longer development timeline, Hunniwell Lake Ventures enables them to build a more comprehensive portfolio of products before monetization. The firm leverages its entrepreneurial spirit, operational expertise, and extensive global networks to enhance the profitability of its portfolio companies through improved market access, greater capital efficiency in research and development, and reduced manufacturing costs.

Richard Fang

Managing Partner and Founder

Daniel Teo

Managing Partner and Founder

2 past transactions

WaveClear

Series A in 2020
WaveClear specializes in medical device design and development, focusing on markets for ultrasonic therapeutic devices for the treatment of occlusive vasculature.

CoapTech

Series B in 2020
CoapTech is an early-stage medical device company aiming to improve medical care delivery for patients young and old around the world. The company seeks to bring a series of breakthrough medical devices to worldwide markets, leveraging a patent-pending, disruptive technology called Coaptive Ultrasound which is owned by the company. Its devices reduce healthcare costs and improve safety, quality, patient experience, and access to services around the globe. Invented by Dr. Tropello, CoapTech delivers a novel platform technology combining magnetic attraction for device placement guidance, and low-cost, point-of-care ultrasound for visual feedback in diagnostic, interventional, and therapeutic procedures. Strong rare-earth magnets are used to manually guide devices placed inside the human body, while real-time, low-cost ultrasound provides visual feedback to the clinician to ensure safety. This platform technology, invented by the company founder, has the potential to disrupt multiple medical procedures, substantially reducing costs while improving safety and patient experience. Their lead use case, selected because of its low risk, clear FDA pathway, and strong commercial viability, is for the insertion of gastrostomy tubes. They have defined the use of Coaptive Ultrasound to perform this novel gastrostomy procedure, as Percutaneous Ultrasound Gastrostomy (PUG). Briefly, PUG is a point-of-care (as opposed to the operating room) procedure for inserting gastrostomy tubes which can be quickly and easily performed by non-surgical providers. It employs readily available medical devices such as ultrasound, feeding tubes, guide wires, and dilators.
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