For Startups

Building medtech in Maryland?

Ecphora Capital invests in early-stage medical technology companies based in Maryland. We have invested more than $30 million across 15 companies, and we like meeting founders early, often long before they raise.

What we look for

A Maryland home base

Headquartered and operating in Maryland.

Medical technology

Medical devices and diagnostics first, alongside therapeutics and digital health.

Validated science

Data, plus validation from outside your company: research labs, hospitals, agencies or strategic partners.

A path to patients

A realistic regulatory pathway, a reimbursement plan and a clear picture of who pays.

A team that can execute

Founders who know the problem deeply and know which gaps they still need to fill.

A plan for the money

What this round buys: the milestones it reaches and what comes next.

Who should reach out

Based in DC or Virginia? We invest only in Maryland companies today, but our network spans the whole region, and our MedTech Investor Map can point you to medtech co-investors nationwide.

How we work with founders

One line on your cap table

We invest through a single-company fund (SPV) that Ecphora forms and manages. Everyone in it comes into your round as one entity.

We know Maryland inside and out

Fifteen years in the BioHealth Capital Region: its programs, funders, universities and people.

A network across the region

Introductions to co-investors, advisors, universities, incubators and health systems across Maryland, DC and Virginia.

Tell us about your company

A short note is plenty. Please include:

admin@ecphoracapital.com, or use the contact form below.