Pittsburgh-based investors The Next Act Fund is pleased to announce its recent investment in the company Astarte Medical.
Astarte revolutionizes the care of preterm infants by providing quantitative data on intestinal health that enables personalized care and nutrition to help them grow. Astarte was founded by Tracy Warren and Tammi Jantzen, two former venture capitalists focused on investing in women and infant health. Warren and Jantzen’s third co-founder Katherine Gregory, RN, PhD, ICU nurse, introduced them to challenges related to intestinal health for preterm infants.
Astarte Medical is based near Philadelphia, Bucks County. The company is currently raising money for the launch and support of its first product, the NICUtrition Guidance, a rules engine that standardizes enteral feeding for preterm infants. Studies have shown that practical variability has an impact on outcomes, length of stay, and feeding milestones for preterm infants who have an average hospital stay of 77 days. Astarte also plans to develop MAGI, a “good health” score, to improve the growth and development of premiums while lowering the cost of medical treatment.
Tracy Warren said, “Working with the Next Act Fund has already been an excellent experience. They’re very professional and we’ve already met people in the IT health sector who can help us with our market strategy. The next Act also provided us with introductions and helped to broaden our network Since I used to work as one of the women who make up 5% of the venture capital industry, I think a group like Next Act that really looks at opportunities for women, for women, is really important in the field of early-stage investment. “That’s right.
Yvonne Campos added, “We are very pleased to be working with Astarte Medical, a pioneer in supporting preterm infants. By quantifying intestinal health and standardizing care, Astarte will help to drive lower costs and better outcomes both in the short and long term. Tracy and her team are an excellent addition to our portfolio, and we’re excited to welcome them to the Next Act Fund family.”
About the Fund for Next Act
The Next Act Fund was established in 2017 with the aim of investing in early-stage women-owned/led companies, thus having a positive impact on women, the region and the nation. The Next Act Fund, the first of its kind in Southwestern Pennsylvania, also focuses on member education, hosting monthly training sessions open to its members and the public, as well as a series of training sessions aimed at “future investors”
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