About Sherpa Partners
Sherpa Partners is a venture capital firm founded in 1997. It is primarily based out of Edina, United States. As of Feb 2005, Sherpa Partners has invested in 6 companies. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Real Estate and Construction Tech and Enterprise Infrastructure. Most recently it participated in the $***** Series A round of Medisyn Tech Overall, Sherpa Partners portfolio has seen 3 acquisitions, namely ProVation Medical and Feed Management Systems. A lot of funds co-invest with Sherpa Partners, with names like New Enterprise Associates sharing a substantial percentage of its portfolio.Key Metrics
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A & Series B
Portfolio Acquisitions
Sherpa Partners' List of Top Investments
Sherpa Partners has a portfolio of 6 companies. Their most notable investments include ProVation Medical and Cassatt.Their portfolio spans across and United States. They have invested in Enterprise Applications, Real Estate and Construction Tech, Enterprise Infrastructure and 4 other sectors, across stages such as Series A, Series B stages. Here is the list of top investments by Sherpa Partners:Clinical documentation and workflow automation solutions improving healthcare quality. They revolutionize how clinicians and care teams collaborate to deliver quality healthcare. Their data-driven solutions enhance clinical workflows, staff satisfaction, and the patient experience. As a leading provider of integrated procedure documentation and workflow automation solutions, they offer software and services for hospitals, ambulatory surgery centers, anesthesia groups, and medical offices. Their products include cloud-based clinical documentation, anesthesia information management, clinical order set management, patient charting, anesthesia quality reporting, and clinical care plan management. They focus on clinical documentation, endoscopy software, anesthesia solutions, care coordination, and order set management. They leverage technologies like Artificial Intelligence (AI) to streamline processes and improve patient outcomes. They offer solutions that are designed to reduce clinician burnout and improve accuracy.
Key facts about ProVation Medical
- Founded Year: 1994
- Location: Minneapolis (United States)
- Stage: Acquired
- Total Funding till date: $14.5M
- Employee Count: 369 as on Aug 31, 2026
- Investors: Ares Capital Corporation, Saints Capital and 6 Others
- Latest Funding Round: Series B, Apr 30, 2002, $*****
- Highlight: Acquired
2. Cassatt
Data center automation software. It provides software solutions and technologies for operating green data centers. It offers an Active Response software product line, which is based on Active Power management technology that pools physical and virtual server resources for efficient utilization.
Key facts about Cassatt
- Founded Year: 2003
- Location: San Jose (United States)
- Stage: Acqui-Hired
- Total Funding till date: $15M
- Investors: HP, Warburg Pincus and 3 Others
- Latest Funding Round: Series D, Mar 01, 2006, $*****
3. Medisyn Tech
Medisyn Technologies, Inc., a biotechnology company, develops pre-qualified proprietary drug compounds. Its Forward Engineering platform is used for producing compounds for breast, renal, prostate, and lung-cancer treatments. The company also analyzes and optimizes existing drugs, and develops new drug candidates for its partners. In addition, it offers testing and analysis services to predict safety and efficacy of compounds. The company serves biotech and pharmaceutical companies. Medisyn Technologies, Inc. was founded in 1999 and is headquartered in Minnetonka, Minnesota.
Key facts about Medisyn Tech
- Founded Year: 1999
- Location: Minnetonka (United States)
- Stage: Series A
- Total Funding till date: $1.5M
- Investors: Sherpa Partners, StarTec Investments and 3 Others
- Latest Funding Round: Series A, Feb 17, 2005, $*****
4. BrightPlanet
BrightPlanet has developed patented technology that enables it to tap into unstructured web data from the Surface Web, Deep Web, and even places on the Dark Web. Its service offerings include Data-as-a-service: customized structured datasets from web data, and Global News Data Feed: allows customers to access over 9000 global news sources, collect information in any language and translate it for analytics. Global News Data Feed can be integrated into third party analytics tools. Global News Data Feed can be accessed through BrightPlanet Search Dashboard or RestAPI. Charges $500 per user for full data access.
Key facts about BrightPlanet
- Founded Year: 1999
- Location: Sioux Falls (United States)
- Stage: Funding Raised
- Employee Count: 8 as on Aug 31, 2026
- Investors: Bluestem Capital, Sherpa Partners and 1 Other
- Latest Funding Round: Unattributed, Jan 2003, $*****
Key facts about Feed Management Systems
- Founded Year: 2002
- Location: Seattle (United States)
- Stage: Acquired
- Investors: EPIC Ventures and Sherpa Partners
- Highlight: Acquired
Sherpa Partners' Investments by Stage
Sherpa Partners has made 1 investment in Series A stage with an average round size of $1.5M and 1 investment in Series B stage with an average round size of $14.5M.Sherpa Partners' Investments by Sector
Sherpa Partners has a diverse portfolio, with companies operating in the HealthTech and Life Sciences. Notably, it has invested in 4 Enterprise (B2B) companies, 4 Tech companies and 2 Software companies.Sherpa Partners' Investments by Geography
Sherpa Partners has made most investments in United States (2).Sherpa Partners' recent investments
Sherpa Partners has not made any investment in 2026 so far.Here are the most recent investments by Sherpa Partners:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 17, 2005 | United States | Series A | 9806 | [+2] | |
Apr 30, 2002 | United States | Series B | 6323 |
Acquired companies in Sherpa Partners' Portfolio
3 companies from Sherpa Partners' portfolio have been acquired. The most recent acquisition was ProVation Medical in Dec 2021 by Fortive for $*****.Here are Sherpa Partners' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 03, 2021 | Apr 30, 2002 | Series B | 5447 | |
Jun 02, 2009 | - | - | 8652 | |
- | - | - | 9417 |
Co-investors of Sherpa Partners
Over the past 24 years, 5 investors have co-invested in Sherpa Partners's portfolio companies. This includes only funds.
- Top Co-investors of Sherpa Partners: 5 investors entered a company along with Sherpa Partners. These include investors like New Enterprise Associates (1 company).
Recent News related to Sherpa Partners
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HiFiBiO gets high-five from investors with $75M series D to bring two programs into clinicFierce Biotech•Jun 14, 2021•HiFiBiO, B Capital, Sequoia Capital, Mirae Asset and 10 others
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PR Newswire•Apr 30, 2002•ProVation Medical, New Enterprise Associates, Affinity Capital Management, Sherpa Partners
