Organization · Venture Capital
Penington Ventures
Penington Ventures is a venture capital firm based in Beverly Hills, Michigan, specializing in Healthcare and Information Technology. The firm provides capital investment, advisory services, and governance through board representation.
Overview
What Penington Ventures does
What Penington Ventures is
Penington Ventures is a venture capital firm based in Beverly Hills, Michigan, specializing in Healthcare and Information Technology. The firm provides capital investment, advisory services, and governance through board representation.
How it participates in the startup ecosystem
The current public profile supports funder and publisher capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Venture Capital
- Founded
- Founded in 2014
- Approximate age
- About 12 years
- Structured capabilities
- Funder · Publisher
- Last reviewed
- April 26, 2026
Official channels
Find Penington Ventures elsewhere
Open the official website or a supported primary organization account.
Capability profile
Penington Ventures as a funder
Investment thesis
Penington Ventures backs companies that can disrupt healthcare and technology markets through emerging technology, strong operations, and scalable business models.
Focus narrative
Penington Ventures invests in sectors including healthcare services, medical devices, pharmaceuticals, biotechnology, and technology (software and services). The firm targets opportunities involving emerging technologies and unique ideas that can disrupt the market, with investments ranging from $250,000 to $10 million and an average investment of $1.5 million.
Value beyond capital
Penington Ventures adds value to its portfolio companies through operational guidance across technology platforms, product development, go-to-market strategy, competitive analysis, process logistics, partnership strategy, talent evaluation, and capital raising. The firm emphasizes hands-on involvement and governance, leveraging Richard Penington's extensive experience in the healthcare sector.
Terms and economics
- Typical check
- $250,000–$10,000,000
- Sweet spot
- $1,500,000
Focus and fit
- Stages
- Series A · Series B · Growth Equity
- Regions
- United States
Availability
- Currently deploying
- Yes
Portfolio and track record
- Recorded portfolio count
- 9
- Recorded notable exits
- Summit Health and LumiraDx
Portfolio context
Vakston: Focuses on creating novel responses to infectious diseases and bringing vaccines to patients globally. ActiCare Health: Developed a remote monitoring platform for transplant and Ventricular Assist Devices (VAD) patients. Akston Biosciences Corporation: Specializes in insulin engineering. Diamune Therapeutics: Develops innovative IgG Fc-Fusion insulin analogs. Health Made Easy: Simplifies complex healthcare processes to improve access and precision. LumiraDx: Offers chronic condition programs that support self-care with guidance from care teams. Persivia: Provides solutions for population health, precision medicine, and chronic care management. Twilight Bioscience: Focuses on immune therapies, particularly for neurological diseases.
Capability profile
Penington Ventures as a publisher
Editorial focus
Penington Ventures is a venture capital firm that focuses on investing in healthcare services, medical devices, pharmaceuticals, biotechnology, and technology (software and services). The firm targets opportunities involving emerging technologies and unique ideas that can disrupt the market, with investments ranging from $250,000 to $10 million.
Audience value
Penington Ventures provides capital investment, advisory engagements, and governance through board representation, supporting portfolio companies with operational guidance across various aspects including technology platforms, product development, and go-to-market strategies.
Availability
- Guest pitch state
- Not currently accepting
Audience and focus
- Audience
- Founders · Operators
- Regions
- United States
Common questions
What to know about Penington Ventures
Upseed classifies Penington Ventures under the Venture Capital organization type. Its current public profile includes funder and publisher capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
April 26, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.