Boston-Based Health Tech Venture Capital Company Moves To Waltham

WALTHAM, MA — One of the oldest Boston-based health tech venture capital fund companies just moved to Waltham.

HLM Venture Partners, which has invested more than $500 million in healthcare startups world-wide, moved to South Street this year, after being situated in Boston's Back Bay neighborhood since 1992. The move highlights a trend of companies moving out of cramped city-center office accommodation to places which allow for a little more space.

New businesses coming to town can also mean an increase in revenue for the city.

"We're excited to be moving out of downtown and into a quieter, more refined spot," HLM partner Steve Tolle said. "The waterside office reflects a new way of working for us; like many companies are finding as we deal with Covid and move towards a post-Covid age, a desire to change to a more hybrid model of working - with fewer people needing to be in the office every day."

The company, founded in 1983, said it focuses on funding healthcare start-ups that change the face of patient engagement, digital solutions, healthcare IT, and care management across the country.

The company was an early investor in Teladoc, a provider of virtual doctor visits, and invested at a time when the benefits for telehealth were still largely unrealized. Since then, Teladoc, and telehealth services have taken off, and Teladoc announced last summer that it’s acquiring a major digital health company Livongo, giving the two companies a joint value of about $37 billion.

Previously: Vaccine Company To Move To Waltham