Ranjan Lal

Founder and General Partner

11 past transactions

Nirvana Solutions

Venture Round in 2016
Nirvana Solutions, established in 2006, specializes in developing cloud-based software solutions for the investment management industry. Headquartered in New York with additional offices in San Francisco and Delhi, the company offers a comprehensive suite of front, middle, and back-office solutions tailored to multi-prime hedge funds, prime brokers, and fund administrators. Its flagship product, Nirvana, is a SaaS portfolio management system built around the FIX protocol, enabling real-time data processing, on-demand and historical reporting, and seamless integration with existing infrastructure. Nirvana also offers solutions specifically designed for prime brokers and fund administrators, providing real-time risk and return views, and augmenting portfolio accounting systems. The company's scalable solutions allow clients to grow as their needs evolve.

GQ Life Sciences

Series B in 2007
GQ Life Sciences, Inc. is a global life science information and search company headquartered in Westborough, Massachusetts. Founded in 1998 and formerly known as GenomeQuest, Inc., the company rebranded in 2015 to emphasize its flagship product, GenomeQuest, a well-known software in the industry. GQ Life Sciences specializes in providing innovative search solutions tailored for the life sciences sector, offering two major products: GenomeQuest and LifeQuest. GenomeQuest integrates full-text and sequence searches within the intellectual property domain, while LifeQuest is a patent search platform designed specifically for life sciences, utilizing semantic keyword and ontology searching. The company serves a diverse clientele, including pharmaceutical and biotech companies, agrochemical firms, diagnostic laboratories, food companies, law firms, search firms, and patent offices. As of October 2016, GQ Life Sciences operates as a subsidiary of Aptean, Inc.

Xoft

Series D in 2007
Xoft, Inc. specializes in the development of electronic brachytherapy (eBx) systems designed for radiation oncology applications. The company’s flagship product, the Axxent Controller, employs a miniaturized high dose rate X-ray source to deliver targeted radiation directly to cancerous tumor beds. Xoft also provides a range of applicators, including the Axxent balloon applicator for accelerated partial breast irradiation, the Axxent vaginal applicator for vaginal brachytherapy, and the Axxent surface applicator for treating surface lesions. Additionally, the company offers a variety of accessories to support its products, such as physics accessory kits and protective shields to minimize radiation exposure to healthy tissues. Xoft’s innovative solutions are primarily utilized in the treatment of early-stage breast cancer, skin cancer, and endometrial cancer, and the products are distributed through physicians and distributors across Europe. Founded in 1998 and based in Sunnyvale, California, Xoft was previously known as Xoft microTube, Inc. before rebranding in 2004.

diaDexus

Series E in 2007
diaDexus is a privately held biotechnology company based in the United States, specializing in the discovery, development, and commercialization of innovative diagnostic products with significant clinical relevance. The company's flagship product, the PLAC Test, assesses levels of Lp-PLA2, an enzyme linked to the formation of harmful plaque in blood vessels, which is a key factor in cardiovascular events like heart disease and stroke. The PLAC Test is unique as it is the only FDA-cleared blood test that aids in evaluating the risk for coronary heart disease and ischemic stroke related to atherosclerosis. In addition to cardiovascular diagnostics, diaDexus offers test kits for various conditions, including liver disease, cancer markers, renal disease, diabetes, and electrolyte imbalances. The company primarily operates in the United States, with a growing presence in Europe and other regions worldwide.

PatientKeeper

Series E in 2006
PatientKeeper is a company that specializes in developing EHR optimization software aimed at enhancing healthcare delivery. Its solutions are designed to streamline clinical and revenue cycle workflows for healthcare providers, care teams, billers, and coders, ultimately improving patient care and operational efficiency. PatientKeeper serves as a system of engagement that complements existing EHR systems, enabling providers to easily access and manage patient information across various devices, including smartphones, tablets, and PCs. The company’s applications allow physicians to efficiently handle patient data, view clinical results, enter diagnoses and billing information, dictate notes, and write prescriptions, thereby facilitating a more intuitive and effective approach to patient management.

Netsmart Technologies

Venture Round in 2005
Netsmart Technologies is a health and human services software company providing on-demand and enterprise-wide software solutions for providers and payers nationwide. Its products include electronic medical records and integrated care technologies that address clinical, financial, and administrative needs across health and human services and post-acute markets. Customers include mental health and substance abuse treatment providers, private and small-group behavioral health practices, psychiatric hospitals, public health agencies, and managed care organizations, with software designed to run on multiple operating systems and devices to support whole-person, value-based care and help clients anticipate challenges and recognise opportunities as healthcare evolves.

Zonare Medical Systems

Series E in 2004
Zonare Medical Systems, Inc. specializes in the development, manufacturing, and commercialization of compact ultrasound systems designed for diagnostic imaging across various clinical applications. The company's flagship product, the z.one ultrasound system, utilizes its proprietary Zone Sonography technology, which enhances data acquisition and image formation, allowing customers to maintain the system while adding new clinical applications and advanced imaging capabilities. Zonare Medical Systems sells its products through a direct sales force in the United States and a combination of distributors and direct sales representatives in approximately 40 international markets. Founded in 1999 and headquartered in Mountain View, California, the company was previously known as NovaSonics, Inc.

PatientKeeper

Series D in 2004
PatientKeeper is a company that specializes in developing EHR optimization software aimed at enhancing healthcare delivery. Its solutions are designed to streamline clinical and revenue cycle workflows for healthcare providers, care teams, billers, and coders, ultimately improving patient care and operational efficiency. PatientKeeper serves as a system of engagement that complements existing EHR systems, enabling providers to easily access and manage patient information across various devices, including smartphones, tablets, and PCs. The company’s applications allow physicians to efficiently handle patient data, view clinical results, enter diagnoses and billing information, dictate notes, and write prescriptions, thereby facilitating a more intuitive and effective approach to patient management.

Axya Medical

Venture Round in 2004
Axya Medical is a U.S.-based company based in Beverly, Massachusetts, specializing in the development of innovative medical instruments for surgical applications. Founded in 1996, the company focuses on knotless fixation systems for shoulder repair, which include a control unit, handpiece, wielding sleeve, and specialized sutures. In addition to these systems, Axya Medical offers a range of implants, such as titanium and bioabsorbable options, as well as various shoulder and general surgical accessories. These accessories include tools for removal, bone punching, and suture handling, all designed to enhance the effectiveness and efficiency of surgical procedures. Axya Medical is committed to advancing surgical techniques through its unique technology, which utilizes ultrasonic energy for welding surgical sutures.

Xoft

Series B in 2003
Xoft, Inc. specializes in the development of electronic brachytherapy (eBx) systems designed for radiation oncology applications. The company’s flagship product, the Axxent Controller, employs a miniaturized high dose rate X-ray source to deliver targeted radiation directly to cancerous tumor beds. Xoft also provides a range of applicators, including the Axxent balloon applicator for accelerated partial breast irradiation, the Axxent vaginal applicator for vaginal brachytherapy, and the Axxent surface applicator for treating surface lesions. Additionally, the company offers a variety of accessories to support its products, such as physics accessory kits and protective shields to minimize radiation exposure to healthy tissues. Xoft’s innovative solutions are primarily utilized in the treatment of early-stage breast cancer, skin cancer, and endometrial cancer, and the products are distributed through physicians and distributors across Europe. Founded in 1998 and based in Sunnyvale, California, Xoft was previously known as Xoft microTube, Inc. before rebranding in 2004.

Insurance Noodle

Venture Round in 2000
Insurance Noodle is an online platform that serves as a quoting hub for insurance agents, specializing in small commercial property and casualty insurance solutions. Founded in 2000 and based in Chicago, Illinois, the platform allows member agents to access multiple admitted national carriers through a single application entry point. This streamlined process provides agents with immediate, bindable quotes from up to six national carriers, facilitating quicker decision-making for their clients' insurance needs. By operating as an online marketplace for insurance products, Insurance Noodle simplifies the quoting process for both commercial and personal lines risks.
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