Revelation Partners

Revelation Partners is a San Francisco firm offering direct secondary liquidity and growth capital to commercial-stage healthcare companies. Sub-vertical focus is Medical Devices and MedTech alongside Digital Health, and the strategy is unusual on this list because it leans secondaries rather than pure primary growth equity. There is no stated AI thesis but the digital health footprint is relevant for software-led companies.

Check sizes are $5M to $25M, and the firm targets companies that are commercial-stage rather than pre-revenue. Geographic focus is the United States. Named portfolio companies and team members are not specified in the available record; founders should consult Revelation’s site for the current shape of the secondaries practice and any direct primary investments.

For founders, Revelation is most relevant in two situations. First, if you are at a later venture stage and your company has shareholders looking for liquidity ahead of an exit, Revelation’s secondary capability is genuinely useful. Second, if you are running a commercial-stage medtech or digital health business that needs growth capital alongside or instead of a traditional venture round. Pre-commercial AI founders should not approach. The secondary angle differentiates Revelation from most PE firms in this batch and is worth understanding before pitching.