About The Lambda Funds
The Lambda Funds is a venture capital firm founded in 1979. It is primarily based out of New York City, United States. As of Feb 2022, The Lambda Funds has invested in 10 companies. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Life Sciences to Enterprise Applications and HealthTech. Most recently it participated in the $***** Series A round of AiM Medical Robotics Overall, The Lambda Funds portfolio has seen 1 IPO and 4 acquisitions including key companies like athenahealth, Medidata and Health Dialog. A lot of funds co-invest with The Lambda Funds, with names like Silicon Alley Venture Partners sharing a substantial percentage of its portfolio. The Lambda Funds has team of 1 people including 1 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A
Portfolio IPOs
Portfolio Acquisitions
The Lambda Funds' List of Top Investments
The Lambda Funds has a portfolio of 10 companies. Their most notable investments include athenahealth and Medidata.Their portfolio spans across and United States. They have invested in Life Sciences, Enterprise Applications, HealthTech and 5 other sectors, across stages such as Series A stage. Here is the list of top investments by The Lambda Funds:1. athenahealth
Cloud-based administrative tool for healthcare providers. The company has developed EHR, practice management, and population health solutions. The features include EHR, practice management, revenue cycle management (RCM), patient engagement, population health services, care coordination, clinical decision support, and more.
Key facts about athenahealth
- Founded Year: 1997
- Location: Watertown (United States)
- Annual Revenue: $1.22B as on Dec 31, 2017
- Stage: Acquired
- Total Funding till date: $49.1M
- Employee Count: 4,445 as on Dec 31, 2022
- Investors: Ares Capital Corporation, Owl Capital Group and 11 Others
- Latest Funding Round: Series B, Apr 27, 2004, $*****
- Highlight: Acquired
2. Medidata
AI-based clinical trial management software for researchers. It offers a platform for data analysis, research experiment protocol designing, trail planning, supply, clinical management, and data management among others. The company has developed products such as CATIA R2021x, 3DEXPERIENCE, ENOVIA, BIOVIA, and more which assist with the drug discovery process.
Key facts about Medidata
- Founded Year: 1999
- Location: New York City (United States)
- Annual Revenue: $636M as on Dec 31, 2018
- Stage: Acquired
- Total Funding till date: $41.5M
- Employee Count: 1,677 as on Dec 31, 2019
- Investors: W Capital Partners, TDM Growth Partners and 11 Others
- Latest Funding Round: Unattributed, Nov 06, 2023, $*****
- Highlight: Acquired
Developer of intraoperative precision robotics for neurosurgery. It develops a portable MRI-compatible surgical robot for use in the MRI Suite, operating rooms, and surgeries which include brain cancer and functional brain disorders.
Key facts about AiM Medical Robotics
- Founded Year: 2018
- Location: Fort Lauderdale (United States)
- Stage: Series A
- Total Funding till date: $13.1M
- Employee Count: 9 as on Jul 01, 2024
- Investors: IQ Capital, The Sontag Foundation and 12 Others
- Latest Funding Round: Series A, Jun 04, 2025, $*****
- Highlight: Editors' Pick
4. PingMD
PingMD facilitates communication between doctors, patients and colleagues. Patients can send pictures, symptoms and videos to their own doctors securely and faster. Doctors and healthcare providers can respond to patient cases or refer and collaborate with colleagues in a snap. It's a cross platform app which results in engaged patients and better case management. The customer base includes doctors. The solution also includes Patient engagement, Network optimization, Security compliance and Practice economics management.
Key facts about PingMD
- Founded Year: 2009
- Location: New York City (United States)
- Stage: Seed
- Total Funding till date: $3.83M
- Employee Count: 3 as on Jul 01, 2024
- Investors: New Ground Ventures, The Lambda Funds and 2 Others
- Latest Funding Round: Seed, May 15, 2013, $*****
- Highlight: Editors' Pick
Healthcare engagement solutions powered by technology and industry-leading insights. The company simplifies and powers the business of healthcare through people, technology, and insights. It offers healthcare engagement, clinical support, telehealth, digital solutions, chronic care management, shared decision-making, advocacy, navigation, and CX analytics. The company provides a cloud-based, standard API configuration that seamlessly connects with clients’ systems to provide uniform patient communications and data-driven outcomes. It leverages AI-powered technology to humanize healthcare. The company offers custom and configurable technology with intuitive design to personalize the patient and member experience. It provides solutions for payers, providers, healthcare service companies, employers, and startups.
Key facts about Health Dialog
- Founded Year: 1997
- Location: Boston (United States)
- Stage: Acquired
- Total Funding till date: $13.5M
- Employee Count: 201 - 500 as on Jul 01, 2024
- Investors: .406 Ventures, HarbourVest Partners and 5 Others
- Latest Funding Round: Series B, Jun 2004, $*****
- Highlight: Acquired
The Lambda Funds' Year-on-Year Investment Trends
The Lambda Funds has invested in 10 companies over the last 24 years, with an average of 0 new investment annually in the last 10 years. Its most recent first time investment was in AiM Medical Robotics.The Lambda Funds' Investments by Stage
The Lambda Funds has made 4 investments in Series A stage with an average round size of $2.12M.The Lambda Funds' Investments by Sector
The Lambda Funds has a diverse portfolio, with companies operating in the Life Sciences, Enterprise Applications, HealthTech, High Tech and Industrial Goods and Manufacturing. Notably, it has invested in 7 Enterprise (B2B) companies, 7 Tech companies, 4 Software companies and at least 3 companies focusing on Tech hardware.Sector | No. of Investments |
|---|---|
Life Sciences | 3 |
Enterprise Applications | 2 |
HealthTech | 1 |
High Tech | 1 |
Industrial Goods and Manufacturing | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
The Lambda Funds' Investments by Geography
The Lambda Funds has made most investments in United States (4).The Lambda Funds' recent investments
The Lambda Funds has not made any investment in 2026 so far.Here are the most recent investments by The Lambda Funds:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 15, 2022 | United States | Series A | 1775 | [+3] | |
Jun 10, 2015 | United States | Series A | 6158 | [+5] | |
Jul 01, 2012 | United States | Series A | 7237 | - | |
Mar 22, 2002 | United States | Series A | 7838 |
IPOs and Publicly Listed companies in The Lambda Funds' Portfolio
1 of The Lambda Funds' portfolio company became public - Pilot Network Services. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Aug 1998 at marketcap of $192MHere are The Lambda Funds' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 11, 1998 | - | - | 5547 |
Acquired companies in The Lambda Funds' Portfolio
4 companies from The Lambda Funds' portfolio have been acquired. The most recent acquisition was Health Dialog in Mar 2024 by Carenet Healthcare Services for $*****.Here are The Lambda Funds' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 06, 2024 | - | - | 1016 | |
Dec 14, 2022 | Jun 10, 2015 | Series A | 5976 | |
Nov 22, 2021 | - | - | 5414 | |
Jun 12, 2019 | Mar 22, 2002 | Series A | 4134 |
Team profile of The Lambda Funds
The Lambda Funds has a team of 1 member located in United States. The Lambda Funds' team does not sit on the board of any company as of now.Co-investors of The Lambda Funds
Over the past 24 years, 28 investors have co-invested in The Lambda Funds's portfolio companies. This includes only funds.
- Invested before The Lambda Funds: St. Louis Arch Angels and HHS have invested in rounds before The Lambda Funds. There is 1 company where St. Louis Arch Angels has invested before The Lambda Funds and 1 company where HHS has invested before The Lambda Funds.
- Top Co-investors of The Lambda Funds: 11 investors entered a company along with The Lambda Funds. These include investors like Silicon Alley Venture Partners (1 company).
- Invested after The Lambda Funds: A total of 15 investors have invested in The Lambda Funds's portfolio after their investments. Top Investors include TFS (1 company), Insight Partners (1 company) and State Street (1 company).
Recent News related to The Lambda Funds
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AiM Medical Robotics Raises $3.4M in Seed FinancingFinSMEs•Mar 16, 2022•AiM Medical Robotics, IQ Capital, The Lambda Funds, Triple Ring Technologies and 2 others
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BioGeneratorBioGenerator•Mar 19, 2015•Cardialen, BioGenerator, Twin Cities Angels, St. Louis Arch Angels and 4 others
