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Richie Bavasso
Executive healthcare venture builder specializing in MedTech, digital health, and AI diagnostics
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About
Five-time entrepreneur with 25 years across startups, venture studios, and accelerators, including current advisory work with MassChallenge, VentureWell, Scottish Development International, and German Accelerator/Start 2 Group. Most recently helped lead a UK MedTech company through multiple raises totaling over £11M plus grants, while driving FDA clearance, MVP completion, and US customer launch in a tough fundraising market.
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Key Strengths
- Raised capital across 5 business partnerships
- Led multiple financings for a UK MedTech startup including £7M, £2.5M, and £1.8M rounds
- Deep MedTech fundraising experience during the difficult 2022–2024 market
- Strategic use of discounted convertible notes when priced equity was less viable
- Execution against critical milestones under capital constraints
- Operational discipline through executive pay cuts, expense reduction, and furlough planning
- 25 years in the venture capital/studio/accelerator ecosystem
- Mentor, judge, and advisor with MassChallenge and VentureWell
- Advised UK/EU startups on establishing US operations
- Strong business-model-first approach to evaluating startup ideas
Reference Highlights
- significant impact in building life science and medtech startups
- used healthcare administrative and life sciences experience effectively
- strong market and product research capability
- assembled experienced professional teams
- great ambassador when raising funds
- extremely hands-on
- tirelessly pushed research
- fully understood regulatory frameworks
- helped nQ Medical gain Breakthrough Digital Health Technology designation
- prioritized proof of concept over premature marketing
- focused on product and device efficacy
- committed to regulatory safety
- avoided shortcuts
- obtained multiple patents at Remedio
- expanded product into many foreign countries
- insisted on necessary clinical trials to establish credibility
- focused
- driven
- ethical
- stellar leadership skills
- highly recommended for any CEO position
- exceptional perspective for building early-stage companies
- focused on outcomes
- recognizes critical levers for success
- deep understanding of early-stage company dynamics
- handles fragile relationships with care
- earned trust with launch partner
- secured demonstration project partner and funding
- secured regulatory support
- secured political support
- maintained partner commitment despite company issues
- excellent execution discipline
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Experience
Education
Awards
Skills
Languages
Publications
2 publications
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