Join us for the 1809 Capital & Miami University Cincinnati Breakfast

Please join us for an 1809 Capital and Miami Alumni breakfast networking event on Friday, March 1st at Union Hall in Cincinnati/OTR.  We look forward to providing an update on the Fund’s progress.  1809 Capital partner Cintrifuse Capital will provide update on platform strategy and community impact mission.  Tim Holcomb, Chair of the Department Entrepreneurship will also overview the department’s growth and strategic impact on Miami’s academic mission.  Miami’s John W. Altman Institute for Entrepreneurship recently won the 2024 Model Program Award, given annually to the top entrepreneurship program by USASBE (U.S. Association for Small Business and Entrepreneurship).

Participants will receive current market insights from a panel Founders and VCs discussing the impact of generative AI and Large Language Models (LLM) on venture investing and startup formation and growth opportunities.  Many believe we are at the beginning of an exciting multi-year (possibly decade-long) technology and venture growth cycle.

Agenda:

• 8:00am – Registration and breakfast

• 8:20am – Introductions: Mark Richey, Partner, 1809 Capital

• 8:35am - Cintrifuse Capital

• 8:50am – Market Insights:

• 1809 Capital VC Network representatives

• Miami Founders and 1809 Capital portfolio CEOs

• 9:20am – Miami Entrepreneurship:  Tim Holcomb, Chair Department of Entrepreneurship

• 9:30am – Networking

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Congratulations to Miami Graduate Maria Bennett on raising $85 Million in Additional Funding to Advance Rapid Commercial Expansion of the SPRINT® PNS System

SPR Therapeutics, a private medical device company focused on treating pain and improving the quality of life for patients managing acute or chronic pain, today announced that it has secured $85 million in financing including $25 million in Series D-1 insider equity and a $60 million debt facility. The equity financing was led by Revelation Partners, SPR’s lead investor of the Series D equity financing, and incumbent investors, RC Capital and Mutual Capital Partners. The debt facility is provided by SLR Capital Partners and Armentum Partners served as the Company’s financial advisor.

The funds will be used to capitalize on commercial momentum, customer demand, and market opportunity to expand SPR sales representation in additional U.S. sales territories. “We thank our financing partners and are pleased to raise additional capital to support and accelerate our already significant growth,” said Maria Bennett, President, CEO and Founder of SPR Therapeutics. “We have seen strong adoption of the SPRINT System in the last two years resulting in nearly 200 percent growth of our team, and tremendous year-over-year revenue growth of more than 50 percent from 2022 to 2023.”

In addition to sales expansion, proceeds will support continued product development and build upon the largest set of peer-reviewed published PNS data in the industry. “Supporting the effectiveness of SPRINT as a short-term, 60-day treatment with long-lasting results across multiple areas of pain including low back, shoulder, knee, as well as head and neck is at the core of our commitment to patients. We have recently shared economic assessments highlighting the efficiency and savings potential of SPRINT PNS versus traditional approaches and will continue to advance access to care,” added Bennett.

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NYC Event Highlights

Our thanks and appreciation to Miami University’s Farmer School of Business for including 1809 Capital in Miami’s “Wall Street Week” in New York City.

Our team had two productive days in NYC, starting with a great turnout at Tanner Smiths for an 1809 Capital Limited Partner and Miami University alumni event. It was fantastic to reconnect with familiar faces from Miami University and the 1809 Capital network.

We also participated in the weeks Alternative Asset Management day hosted by Lytical Ventures. The day was highlighted by a panel discussion led by Steve Berg and a talk on Venture Capital and Institutional Asset Management led by 1809 Capital Partner Mark Richey.

The day concluded with a networking event at Lytical Ventures, bringing together Miami University alumni, Wall Street Week students, and industry professionals. Attendees received updates from Dean Jenny Darroch and Mark Richey on the latest achievements and future strategies of Miami University Farmer School of Business and 1809 Capital’s impact on the Miami mission.

Excited for our upcoming 1809 Capital and Miami alumni innovation programs in San Francisco on February 14th and Cincinnati on March 1st. Stay tuned for more updates.