Private Equity

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Laerdal Million Lives Fund

Laerdal Million Lives Fund invests in healthcare technologies that enable timely care to improve health outcomes. Founded in 2020 in San Francisco, California,...

Laerdal Million Lives Fund logo

Laerdal Million Lives Fund

Laerdal Million Lives Fund invests in healthcare technologies that enable timely care to improve health outcomes. Founded in 2020 in San Francisco, California, the company focuses on commercial stage technologies that enhance healthcare quality. Laerdal Million Lives Fund has made 18 investments, including a Series A investment in Pharaoh Neuro on February 18, 2026.

General information

Firm type

Private Equity

Year founded

2020

Location

Region

North America

Country

United States

City

San Francisco

Corporate office

San Francisco, CA, United States

Sector focus

Digital HealthHealthcare Services

Frequently asked questions

Who backs the Laerdal Million Lives Fund?

The fund is anchored by Laerdal Medical, the global leader in CPR training and emergency medical equipment. This single-anchor structure means the fund does not raise capital from a broad LP base. The balance-sheet backing from Laerdal Medical permits longer holding periods than traditional venture funds and aligns investment decisions with the parent company's mission of helping save lives.

What is the relationship between the Laerdal Million Lives Fund and the Laerdal Foundation?

The Laerdal Million Lives Fund is a for-profit venture and growth equity vehicle, distinct from the Laerdal Foundation for Acute Medicine. The Foundation, established in 1980, provides philanthropic grants to not-for-profit organizations in emergency medicine and related fields. The Fund complements this philanthropic arm by making equity investments in companies that can scale life-saving interventions commercially, with both entities ultimately serving the same mission of reducing preventable deaths.

What investment stages does the Laerdal Million Lives Fund target?

The fund focuses on growth-stage and later-stage venture investments, typically deploying $10 million to $50 million per deal in companies that already have regulatory clearances and clinical evidence. It generally avoids seed-stage and early preclinical investments, preferring companies that have demonstrated both clinical impact and commercial traction in real-world healthcare settings.

Which sectors does the Laerdal Million Lives Fund explicitly prioritize?

The fund concentrates on maternal and newborn health, emergency care, and trauma—areas directly aligned with Laerdal Medical's expertise in resuscitation and simulation. It seeks digital health platforms and medical devices where the primary clinical endpoint is mortality reduction, rather than wellness or chronic disease management. Companies targeting low-resource settings and underserved populations are a particular focus.

Does the Laerdal Million Lives Fund require clinical evidence before investing?

Yes. The fund applies a clinical due-diligence framework that examines peer-reviewed outcome data, regulatory approvals, and real-world mortality-reduction evidence before committing capital. This standard is higher than that of a typical health-tech venture fund and reflects the influence of Laerdal Medical's culture of evidence-based medicine.

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