FCA Investment Criteria

TARGET INDUSTRIES

FCA invests in software and software-enabled services companies in the healthcare industry.

MANAGEMENT EXPERIENCE

Target companies are led by strong management teams with sector specific expertise, and often have previous entrepreneurial success.

COMPANY CHARACTERISTICS

Target companies are often SaaS solutions that make the customer's life more efficient and save them time and money. 

 

 

INVESTMENT STAGE

FCA invests in capital efficient, early-stage businesses with scalable and disruptive business models. Companies typically have between $500K and $2M of annual revenue with a proven product and customer base. 

INVESTMENT SIZE

FCA initially invests $2-3M, and holds reserves for follow-on investment as portfolio companies need additional growth capital.

MEANINGFUL OWNERSHIP

FCA aims to establish a meaningful ownership stake in each company with board representation.

 

Example Investment

ProviderTrust is a Nashville based healthcare technology company solving a range of compliance issues within healthcare. Their core software offers health system and hospital clients:

  • HHS and OIG exclusion list checks for all employees and vendors

  • A consistent, automated process of verifying and monitoring the credentials of nurses, allied health professionals, technicians and staff

  • Real-time alerts notifying appropriate personnel of expiring, missing, or expired licenses and certifications – ensuring that only properly qualified staff are providing care

FCA originally invested in the company in 2012 and has supported the management team at the board level in areas such as business development, budgeting, marketing, and HR as they’ve dramatically grown revenue and headcount and developed their product offering.