Sparking Innovation with Capital and Guidance

About

Penington Ventures is not just a venture capital firm. We are a strategic partner, specializing in Healthcare and Information Technology. Our unique value proposition includes capital investment, advisory engagements, and governance through board representation. With investments ranging from $250,000 to $10 million and an average investment of $1.5 million, we are deeply committed to driving innovation and growth in our partner companies. This commitment is at the core of everything we do and inspires us to push the boundaries of what's possible in the healthcare and technology sectors.

The Chairman of Penington Ventures is Richard A. Penington. Richard previously served as Founder and CEO of Summit Health, a leading provider of on-site wellness programs. Through Richard's leadership, Summit Health disrupted the wellness program industry and experienced hyper-growth. Richard sold Summit Health to Quest Diagnostics in 2014, and the initial Penington Ventures fund was established from the proceeds of that event.

Guidance

Penington Ventures brings much more than investment capital to the partnership. Our portfolio companies also receive practical operational guidance that most venture capital firms cannot provide. The seasoned team of entrepreneurs at Penington Ventures understands the challenges of meeting payroll, managing technology deployment, hiring outstanding talent, and finding ways to delight customers. This support is designed to give our partners the confidence and support they need to succeed.

Portfolio companies are supported throughout all phases of the company's lifecycle. Expert perspectives are provided on the following:

IT technology platforms
Product development
Go-to-market strategy
Competitive analysis
Process logistics
Partnership strategy
Talent evaluation
Capital raise

The Penington Ventures team remains highly engaged with portfolio companies to help them meet the many challenges faced during hyper-growth.

We're looking for entrepreneurs who want to change how the game is played rather than just play the game better than others.

Richard A. Penington