The Vertical Group

The Vertical Group is a venture capital firm focused on medical technology and biotechnology, headquartered in Basking Ridge, New Jersey, with an additional office in San Mateo, California. For more than 40 years, the firm's principals have been founders, early-stage investors, major shareholders, and executives of many of the medical technology industry's most successful companies. The firm is the successor to the venture capital division of F. Eberstadt & Co., and has been an independent firm since 1988. The firm manages private partnerships spanning a "vertical" range of investments, from early and late venture-stage companies to buyouts, corporate spin-offs, and public company stock positions, reflecting a broader mandate than typical single-stage VC funds. Notable historic investments include American Medical Systems, Cardiovascular Imaging Systems, Kyphon Corporation, SciMed Life Systems, Ventana Medical Systems, Wright Medical Group, and Silk Road Medical, alongside current portfolio companies Outset Medical, OncoMed, ViaCyte, Tornier, and Route 92 Medical. The Vertical Group's investment approach draws on principals' deep operating and board-level experience across the medical technology industry, typically investing $250,000 to $5 million in venture transactions and over $10 million in buyout or public stock transactions, often taking board seats and playing an active, founding role in the companies it backs.