Jumpstart Capital, a digital health venture capital and private equity company based in Nashville, has announced the sale of its stake in Casetabs, a leading provider of innovative, cloud-based software for ambulatory surgery centers (ASCs) after the successful merger of HST Pathways and Casetabs.
Jumpstart first invested in the company in June 2019, foreseeing the growth of outpatient procedures and ASCs. Within 18 months, the team took the investment from Series A to its exit, with a gross internal rate of return of more than 100 percent on the exit of its equity position. In announcing the exit via this news release, Jumpstart Capital noted that the rapid growth and return are a testament to the supportive depth and breadth of Nashville’s healthcare venture capital community.
“Dave Vreeland and I were introduced in Nashville by a mutual friend in the industry a couple of years ago,” said Gavin Fabian, Chief Executive Officer at Casetabs. “Our company needed both capital and guidance and with Jumpstart Capital’s decision to lead our A round, we got both.”