Keiretsu Forum Northern California members that invested in Boston Heart Diagnostics (BHD) in 2009 and 2011 have received a 10x return this month. BHD was recently acquired by Eurofins Scientific, a Luxembourg-based company, for $140 million. This will also include an earn-out that they expect will yield another $60 million for its selling shareholders.
This is an exciting time for Keiretsu Forum members with company exits and major portfolio news. Within the last month, we have had two exits: Telltale Games provided a 45x return for very early Keiretsu investors and Boston Heart Diagnostics investors received a 10x return. Another portfolio company, minuteKey (known as Key Tech LLC when they received funding from Keiretsu Forum in 2009), has now raised over $81 million.
Read more about Lionsgate’s recent investment in Telltale Games
Read more about Boston Heart Diagnostics recent acquisition
Read more about minuteKey’s recent $30 million raise