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Baxter Ventures - aVenture Asset Manager Research
Baxter Ventures
Updated Oct 19, 2026
Location
Deerfield, IL, US Baxter Ventures is the venture capital arm of Baxter International, focusing on investments in healthcare technologies, products, and therapies. The firm typically invests in early to mid-stage companies, with a particular emphasis on Series A to Series D rounds. Their investment strategy aligns with Baxter's core mission of saving and sustaining lives through innovative healthcare solutions.
Notable portfolio companies include Outset Medical, Naurex, and Medically Home. Baxter Ventures leverages its parent company's extensive healthcare expertise to provide strategic support and industry connections to its portfolio companies. The firm's investments span various healthcare sectors, including medical devices, biotechnology, and digital health solutions, reflecting Baxter's commitment to transforming healthcare through bold innovations.
Baxter Ventures - Portfolio Snapshot
Portfolio activity breakdown across disclosed investments and stages
Portfolio Companies 13
Follow-on Investments 2
Current Portfolio Count 12
Total Portfolio Exits 1
Baxter Ventures - Classification NAICS 333900 Other General Purpose Machinery Manufacturing 333990 All Other General Purpose Machinery Manufacturing 333998 All Other Miscellaneous General Purpose Machinery Manufacturing 330000 Manufacturing 333000 Machinery Manufacturing 523000 Securities, Commodity Contracts, and Other Financial Investments and Related Activities 523900 Other Financial Investment Activities 523990 All Other Financial Investment Activities 523999 Miscellaneous Financial Investment Activities SIC 3840 Surgical, Medical, And Dental Instruments And Supplies 3841 Surgical And Medical Instruments And Apparatus 6700 Holding And Other Investment Offices 6790 Miscellaneous Investing 6799 Investors, Not Elsewhere Classified ISIC 2520 Manufacture of weapons and ammunition 2815 Manufacture of ovens, furnaces and furnace burners 3250 Manufacture of medical and dental instruments and supplies Show 60 more industry codes NAICS 320000 Manufacturing 325400 Pharmaceutical and Medicine Manufacturing 332000 Fabricated Metal Product Manufacturing 332900 Other Fabricated Metal Product Manufacturing 332990 All Other Fabricated Metal Product Manufacturing 332994 Small Arms, Ordnance, and Ordnance Accessories Manufacturing 333200 Industrial Machinery Manufacturing 333240 Industrial Machinery Manufacturing Baxter Ventures 60k employeesOperating Status: Operating Leading healthcare manufacturer specializing in products for various medical conditions.
Stage Mix
Series B 23% Series C 23% Series D 23% Seed 15% Series A 15%
Concentration shown as share of disclosed investments by stage.
333248 All Other Industrial Machinery Manufacturing
333400 Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing
333410 Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing
333415 Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing
333994 Industrial Process Furnace and Oven Manufacturing
337000 Furniture and Related Product Manufacturing
337100 Household and Institutional Furniture and Kitchen Cabinet Manufacturing
337120 Household and Institutional Furniture Manufacturing
337127 Institutional Furniture Manufacturing
339100 Medical Equipment and Supplies Manufacturing
339110 Medical Equipment and Supplies Manufacturing
339112 Surgical and Medical Instrument Manufacturing
339113 Surgical Appliance and Supplies Manufacturing
522130 Credit Unions
540000 Professional, Scientific, and Technical Services
520000 Finance and Insurance
620000 Health Care and Social Assistance
325000 Chemical Manufacturing
339000 Miscellaneous Manufacturing
522000 Credit Intermediation and Related Activities
525000 Funds, Trusts, and Other Financial Vehicles
541000 Professional, Scientific, and Technical Services
623000 Nursing and Residential Care Facilities
522100 Depository Credit Intermediation
541600 Management, Scientific, and Technical Consulting Services
325410 Pharmaceutical and Medicine Manufacturing
523910 Miscellaneous Intermediation
523940 Portfolio Management and Investment Advice
541610 Management Consulting Services
325412 Pharmaceutical Preparation Manufacturing
541613 Marketing Consulting Services SIC 6060 Credit Unions 6061 Credit Unions, Federally Chartered 2800 Chemicals And Allied Products 3900 Miscellaneous Manufacturing Industries 4000 Railroad Transportation 5000 Wholesale Trade-durable Goods 6000 Depository Institutions 8000 Health Services 8700 Engineering, Accounting, Research, Management, And Related Services 2830 Drugs 5040 Professional And Commercial Equipment And Supplies 6720 Investment Offices 8040 Offices And Clinics Of Other Health Practitioners 8740 Management And Public Relations Services 2834 Pharmaceutical Preparations 5047 Medical, Dental, And Hospital Equipment And Supplies 6722 Management Investment Offices, Open-end 8049 Offices And Clinics Of Health Practitioners, Not Elsewhere Classified 8742 Management Consulting Services ISIC 6419 Other monetary intermediation 7020 Management consultancy activities
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