# Merrill Lynch Ventures

> Merrill Lynch Ventures is a VC fund in New York backing Health Care and Manufacturing. See 7 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: New York, United States
- Total investments: 7
- Last investment: Aug 2002
- Lead investor: 14%
- Last updated: Aug 2026

Merrill Lynch Ventures is a VC fund in New York focused on Health Care and Manufacturing. Merrill Lynch Ventures, LLC operates as an investment arm of BofA Merrill Lynch Group, Inc. specializing in early venture, leveraged buyouts, financial restructuring or reorganization investments. It seeks to invest in technology, telecommunications, and healthcare industries. The firm generally invests between $10 million and $15 million. MerrillLynch Ventures was founded in 1997 and is based in New York, New York.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Health Care | 2 | 29% |
| Manufacturing | 2 | 29% |
| Enterprise Software | 2 | 29% |
| Medical | 1 | 14% |
| Consumer | 1 | 14% |

18 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series C | 3 | 43% |
| Series B | 1 | 14% |
| Series D | 1 | 14% |
| Series E | 1 | 14% |
| Funding Round | 1 | 14% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Proxima Therapeutics | Proxima Therapeutics develops radiation delivery systems for the treatment of solid cancerous tumors, with an initial focus on brain and breast cancer. Founded in 1996, the company’s marketed products include GliaSite RTS for brain cancer and MammoSite RTS for breast cancer. Proxima Therapeutics was acquired by Cytec Industries Inc. in 2005. | $14M | Series E | Aug 17, 2002 |  |
| GeneFormatics | GeneFormatics is a biotechnology company specializing in structural proteomics. | $22M |  | Oct 17, 2001 |  |
| Tropian | Tropian, Inc. develops and provides multimode radio frequency integrated circuits and solutions for wireless devices. The company offers Timestar radio frequency integrated circuit solutions for quad-band cellular handsets; Codestar radio transceivers; and Multistar transceivers. It serves wireless device manufacturers. Tropian, Inc. was formerlyknown as Premier R.F., Inc. | $45M | Series D | Oct 02, 2001 |  |
| Sentillion | Sentillion, Inc. offers identity and access management technology solutions for caregivers in hospitals and healthcare organizations in North America and the United Kingdom. The company provides solutions for sign-on, user provisioning, clinical workstations, and virtualized remote access. The company offers expreSSO that delivers transparentsingle sign-on in existing workflows; Bridges, which provides a mechanism for interfacing to applications; and proVision that alters, disables, and terminates access to systems and applications. It also offers Vergence, which unifies single sign-on, single patient selection, and authentication services in clinical workstation solution that enables caregivers to access and navigate between the myriad of clinical and business applications. In addition, it offers vThere, which enables to manage clinicians and staff, such as medical transcriptionists, remote physicians, contractors, and temporarily displaced employees; and IdMPOWER that enables to accelerate the process of incorporating applications and information systems in the company's environment. The company offers implementation services, comprising project planning, installation, training, integrated testing, and deployment; and technical support services, including toll-free telephone support, trouble-shooting, and operational support. Sentillion, Inc. was founded in 1998 and is headquartered in Andover, Massachusetts. | $18M | Series C | Sep 01, 2001 |  |
| Onix Microsystems | OniX Microsystems designs, develops, and supplies micro-electro-mechanical systems (MEMS)-based all-optical switching engines for telecommunications equipment suppliers. Its products cover optical switching needs, including network protection and provisioning, optical add and drop multiplexing, and optical cross connects. It also offers MEMS designand photonic packaging services. OniX Microsystems was founded in 1998 and was headquartered in Richmond, California. | $95M | Series C | Aug 06, 2001 |  |
| OutlookSoft | OutlookSoft is a provider of business planning and performance management solutions. It develops predictive performance management solutions and provides a single performance management platform for strategic planning, budgeting, forecasting, statutory consolidation, reporting, analysis, predictive analytics, scorecarding, and dashboards. Thecompany also delivers related consulting, training, implementation, and ongoing product or client support services.OutlookSoft’s solutions are used by various organizations and users to measure, manage, and predict their financial and operational performance. It serves various industries, including manufacturing, financial services, and public sectors.The company was founded in 1999 and is based in Stamford, Connecticut with additional offices in the United States, the United Kingdom, France, Switzerland, and Italy. | $19M | Series C | Apr 03, 2001 |  |
| SalvageSale | SalvageSale maximizes salvage recoveries for insurance carriers by providing a comprehensive salvage recovery program, adjuster support services and access to their global, online auction marketplace. Used by over half of the top 25 insurance companies, SalvageSale has processed over 3 million bids and recovered over $2 billion in claims. As a partof Ritchie Bros., the world's largest seller of used heavy equipment and materials, they truly provide global reach and bring in buyers from around the world.With expertise in inland marine, ocean marine, commercial property, energy, and catastrophe claims, their solutions provide much higher return than legacy processes. By better managing the salvage disposition process, insurance companies using SalvageSale have been able to reduce their total loss ratio and increase recoveries.For buyers, SalvageSale provides excellent value on a broad range of products. Whether you’re looking for heavy equipment used in construction, agriculture or transportation, through to retail consumer goods, their escrow service ensures your purchases on SalvageSale are fully secure and you receive the product as described. | $17M | Series B | Oct 16, 2000 |  |

7 of 7 investments shown.

## Co-investors
- [Advanced Technology Ventures](https://shizune.co/investors/profile/advanced-technology-ventures) — VC Fund, 1 deal together
- [Agilent Technologies](https://shizune.co/investors/profile/agilent) — VC Fund, 1 deal together
- [Azure Capital Partners](https://shizune.co/investors/profile/azure-capital-partners) — VC Fund, 1 deal together
- [Bank of America](https://shizune.co/investors/profile/bank-of-america) — VC Fund, 1 deal together
- [Boston Scientific](https://shizune.co/investors/profile/boston-scientific) — VC Fund, 1 deal together
- [Bruker](https://shizune.co/investors/profile/bruker) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Sequoia Capital](https://shizune.co/investors/profile/sequoia-capital) — VC Fund
- [New Enterprise Associates](https://shizune.co/investors/profile/new-enterprise-associates) — VC Fund
- [Bessemer Venture Partners](https://shizune.co/investors/profile/bessemer-venture-partners) — VC Fund

## FAQ

### What does Merrill Lynch Ventures invest in?

Merrill Lynch Ventures invests primarily in Health Care, Manufacturing and Enterprise Software startups, most often at Series C and Series B stage. Most of the 7 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Merrill Lynch Ventures last invest?

The most recent investment recorded for Merrill Lynch Ventures closed in Aug 2002. Shizune tracks 7 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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