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      <image:title>Meet the Team - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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    <image:image>
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      <image:title>Meet the Team - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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    <image:image>
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      <image:title>Meet the Team - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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  <url>
    <loc>http://www.excelvm.com/portfolio</loc>
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    <priority>0.75</priority>
    <lastmod>2026-06-15</lastmod>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/546277bfe4b039195ef397d1/1516759420405-OVFVKDJZ36H9U7ZELPPR/activate+networks.jpeg</image:loc>
      <image:title>Representative Investments</image:title>
      <image:caption>Activate Networks applies social network analytics to influence behavior of healthcare providers and patients to enhance wellness. Status: Acquired by Decision Resources Group</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/546277bfe4b039195ef397d1/1516892561733-72VRQOU27XXESGWP6MSL/Aileron_Square.jpg</image:loc>
      <image:title>Representative Investments</image:title>
      <image:caption>Aileron Therapeutics is developing stapled peptides, an entirely new therapeutic modality that can target all human diseases. Status: Public (ALRN), rebranded to Rein Therapeutics (Nasdaq: RNTX)</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/546277bfe4b039195ef397d1/1516759259570-8Q0VDYT99L3XANCDWNBP/aventura.png</image:loc>
      <image:title>Representative Investments</image:title>
      <image:caption>Aventura has developed technology that dramatically increases the efficiency and effectiveness of doctors by offering context and location-aware computing. Status: Acquired by Phillips</image:caption>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/546277bfe4b039195ef397d1/1516892849753-XR66J0HRQOGDDUAKKK4G/Biocius_Square.jpg</image:loc>
      <image:title>Representative Investments</image:title>
      <image:caption>Biocius Life Sciences provides the pharmaceutical industry with mass spectrometer related products to accelerate drug discovery and development. Status: Acquired by Agilent Technologies</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/546277bfe4b039195ef397d1/1516892958617-UG5OW5WNNIGDBQ0PJ5FG/Biotrove_Square.jpg</image:loc>
      <image:title>Representative Investments</image:title>
      <image:caption>Biotrove provides micro and nano-scale technologies to serve research and diagnostics markets in healthcare and beyond. Status: Acquired by Life Technologies (LIFE)</image:caption>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/546277bfe4b039195ef397d1/1516893321433-227QM0U1QOMQCJGAU62E/Catch_Square.jpg</image:loc>
      <image:title>Representative Investments</image:title>
      <image:caption>Catch is a leading provider of smartphone and productivity applications that capture, organize, and share information. Status: Acquired by Apple</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/546277bfe4b039195ef397d1/1516893344856-V31CGSLE2LHJKHJKAMEJ/ClearData_Square.jpg</image:loc>
      <image:title>Representative Investments</image:title>
      <image:caption>ClearDATA provides cloud computing infrastructure and managed services to healthcare provider and technology companies. Status: Private</image:caption>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/546277bfe4b039195ef397d1/1516893354246-G316NYC3Q3NMJUFQ8NYG/CHL_Square.jpg</image:loc>
      <image:title>Representative Investments</image:title>
      <image:caption>Cleveland HeartLab is a specialty clinical laboratory and disease management company focused on novel biomarker technologies and the creation of proprietary diagnostic tests. Status: Acquired by Quest Diagnostics</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/546277bfe4b039195ef397d1/87d4e7e1-610d-4cca-abd1-d6d1f1d8b5f9/FS.jpg</image:loc>
      <image:title>Representative Investments</image:title>
      <image:caption>Zipongo dba Foodsmart is a mobile phone-enabled wellness system providing a way for employers to empower employees to make smart decisions about the food they eat at work and at home Status: Private</image:caption>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/546277bfe4b039195ef397d1/1516893696502-6FZSDXONKDZH7H415AEI/Gemphire_Square.png</image:loc>
      <image:title>Representative Investments</image:title>
      <image:caption>Gemphire Therapeutics is a clinical-stage biopharmaceutical company focused on developing and commercializing gemcabene for the treatment of dyslipidemia. Status: Acquired by NeuroBo Pharmaceuticals</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/546277bfe4b039195ef397d1/1516893878667-OUZ6JCQ01QILY43ILTTS/IlluminOss_Square.jpg</image:loc>
      <image:title>Representative Investments</image:title>
      <image:caption>IlluminOss is a medical device company dedicated to bringing to market minimally invasive solutions for the stabilization and treatment of bone fractures. Status: Private</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/546277bfe4b039195ef397d1/1516893953369-W7IAMV9FDKEBI5ZN3B19/Infobionic_Square.jpeg</image:loc>
      <image:title>Representative Investments</image:title>
      <image:caption>InfoBionic is a IT-enabled remote monitoring system that has developed a platform for the diagnosis and monitoring of cardiac arrhythmias Status: Private</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/546277bfe4b039195ef397d1/1516906107086-ZWLZZA4ABQE2I9Z60D5C/MedVentive_Square.jpg</image:loc>
      <image:title>Representative Investments</image:title>
      <image:caption>MedVentive works with leader provider and payer organizations to develop and deploy innovative approaches to successfully reduce healthcare costs and improve outcomes. Status: Acquired by McKesson (MCK)</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/546277bfe4b039195ef397d1/1516906770473-9U6GJ71K3DVA6GSNZUZL/NanoMR_Square.jpg</image:loc>
      <image:title>Representative Investments</image:title>
      <image:caption>NanoMR has developed the first system for rapid detection of rare cells from complex matrices that can target multiple cell types simultaneously. Status: Acquired by DNA Electronics</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/546277bfe4b039195ef397d1/f27ed363-489c-40bd-b78c-6527ca4bb0e3/N+of+One.jpg</image:loc>
      <image:title>Representative Investments</image:title>
      <image:caption>N-of-One is a personalized health IT and diagnostic interpretation company that provides oncologists with clinically actionable interpretation of genetics mutations that exist in a patient’s tumor Status: Acquired by Qiagen</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/546277bfe4b039195ef397d1/1524162485507-A67UYS8UZHAE2QW0MTZ7/Openwater+Logo+2018+April.jpg</image:loc>
      <image:title>Representative Investments</image:title>
      <image:caption>Openwater is developing a new generation of imaging technologies, with high resolution and low costs, enabling medical diagnoses and treatments, and a new era of fluid and affordable brain-to-computer communications Status: Private</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/546277bfe4b039195ef397d1/1516917414400-6RJL3SFQKM2GHPT1SGAY/Orionis_Square.jpg</image:loc>
      <image:title>Representative Investments</image:title>
      <image:caption>Orionis Biosciences is a clinical stage therapeutics company reprogramming biology with breakthrough precision to cure disease. Its initial product pipeline is focused on immuno-oncology. Status: Private</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/546277bfe4b039195ef397d1/1516906582842-I401DE44N2PSU0XCLB77/Qstream_square.jpg</image:loc>
      <image:title>Representative Investments</image:title>
      <image:caption>Qstream is a software as a service (SaaS) sales enablement and analytics company that has developed a mobile, social sales training tool for some of the world’s largest companies Status: Private</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/546277bfe4b039195ef397d1/1516907824989-TMQXQ63IUQ3FRNTBWTP7/Saladax_Square.jpg</image:loc>
      <image:title>Representative Investments</image:title>
      <image:caption>Saladax is a diagnostics platform company providing personalized cancer drug monitoring to improve outcomes for cancer patients on chemotherapy Status: Private</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/546277bfe4b039195ef397d1/1516908060477-NTFXFNPIUDKFFJRXCHM4/Shapeup_Square.jpg</image:loc>
      <image:title>Representative Investments</image:title>
      <image:caption>ShapeUP uses the power of social networks, behavioral change science, and engaging technology to enhance the lives of employees around the world. Status: Acquired by Virgin Pulse, merged with HealthComp and rebranded as Personify Health</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/546277bfe4b039195ef397d1/1516908388570-99XHQLQQELOU9AE808A3/SGI_Square.jpg</image:loc>
      <image:title>Representative Investments</image:title>
      <image:caption>Synthetic Genomics is a synthetic biology company that uses its propriety technology to design and build biological systems solving global sustainability challenges Status: Spun out two companies, remainder was acquired by Breakthrough Energy Ventures</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/546277bfe4b039195ef397d1/1516908640101-HELWSKYF258L038OUXW0/Tetraphase_Square.jpg</image:loc>
      <image:title>Representative Investments</image:title>
      <image:caption>Tetraphase Pharmaceuticals is a clinical-stage biopharmaceutical company using its proprietary chemistry technology to create novel antibiotics Status: Public (TTPH), acquired by La Jolla Pharmaceutical Company</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/546277bfe4b039195ef397d1/1517861976725-I6UH4A4PY8SHC10KNGCP/virginpulse.jpg</image:loc>
      <image:title>Representative Investments</image:title>
      <image:caption>Virgin Pulse, a leading provider of employee-centric solutions that drive wellbeing, culture and productivity across organizations around the world Status: Private; Acquired by Marlin Equity Partners</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/546277bfe4b039195ef397d1/1516908723308-OHRUGZBC0GBJPX4K5D1E/Welldoc_square.png</image:loc>
      <image:title>Representative Investments</image:title>
      <image:caption>Welldoc is developing next generation technology solutions to support chronic disease management, specifically in diabetes Status: Private</image:caption>
    </image:image>
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      <image:title>Representative Investments - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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