Jay Schmelter
Founder at RiverVest Venture Management LLC
Net worth: 20 929 $ as of 2024-03-30
Profile
Jay co-founded RiverVest in 2000.
He currently leads the daily operations of the firm, as well as its strategic and fundraising initiatives.
Jay’s investment focus is the medical device sector.
Drawing on his combination of operating, investment banking and venture capital experience, Jay works closely with entrepreneurs as a sounding board and mentor.
Jay is a director of InterVene, Inc. and Alleviant Medical, Inc. He is a former board observer at Standard Bariatrics, Inc. which was acquired by Teleflex, director of Velocimed, LLC, which was acquired by St. Jude Medical, Inc., Lutonix, Inc., acquired by C.R.
Bard, Inc., IDEV Technologies, Inc., acquired by Abbott Laboratories, Inc., and Accumetrics, Inc., acquired by Instrumentation Laboratory (a Werfen Company), and former chairman of Salient Surgical, Inc., which was acquired by Medtronic, Inc.
Previously, Jay was with Crescendo Ventures, where he led investments for the firm’s life science division.
While at Crescendo, Jay founded Salient Surgical Technologies, Inc. Prior to his transition to venture capital, Jay worked as a medical device research analyst at Piper Jaffray & Co., where he focused on cardiovascular-related medical device stocks.
He was also a marketing executive for Medtronic, Inc., where he was responsible for two successful product launches and the marketing activities of two of Medtronic’s U.S.
cardiac surgery-related businesses.
Jay earned an M.B.A.
from the University of Chicago Booth School of Business and a B.A.
in Accounting from Michigan State University.
Known holdings in public companies
| Company | Date | Number of shares | Valuation | Valuation date |
|---|---|---|---|---|
ALLAKOS, INC.
0.02% | 2024-01-15 | 16,610 ( 0.02% ) | 20 929 $ | 2024-03-30 |
Jay Schmelter active positions
| Companies | Position | Start |
|---|---|---|
RiverVest Venture Management LLC
 RiverVest Venture Management LLC Investment ManagersFinance RiverVest Venture Management LLC (RiverVest Venture Partners) is a venture capital firm founded in 2000 by Thomas Melzer, Craig Andrew and Jay Schmelter. The firm is headquartered in St. Louis, Missouri. | Founder | 1999-12-31 |
Poseidon Medical, Inc.
 Poseidon Medical, Inc. Medical SpecialtiesHealth Technology Tryton Medical, Inc. manufactures and sells stent systems for the treatment of bifurcation lesions. Its tri-zone technology provides scaffolding within the side branch, radial strength in the transition zone and minimal coverage in the main vessel zone. The firm also provides side branch stent systems which are used to treat a range of bifurcated lesions. The company was founded by H. Richard Davis, Aaron V. Kaplan and Dan Cole in 2003 and is headquartered in Durham, NC. | Director/Board Member | - |
InterVene, Inc.
 InterVene, Inc. Electronic Equipment/InstrumentsElectronic Technology InterVene, Inc. develops non-implantable, catheter-based vein valve creation therapy. Its BlueLeaf endovenous valve formation system allows physicians to create new vein valves for patients who are unable to efficiently pump blood out of their legs and back to their heart. The company was founded by Fletcher Wilson in 2011 and is headquartered in South San Francisco, CA. | Director/Board Member | - |
Cardialen, Inc.
 Cardialen, Inc. Medical SpecialtiesHealth Technology Cardialen, Inc. develops medical devices. It offers pain-free cardio version therapy for atrial fibrillation (AF) using low-energy implantable atrial cardioverters. The firm develops and commercializes these as an independent specialist, to address major needs in atrial fibrillation management, achieve improved outcomes and reduce the risk of stroke, heart failure and high healthcare costs associated with atrial fibrillation. The company's products comprise implantable low-energy pain-free atrial cardioverters and cardiac leads and defibrillator equipment. Its products are used for the treatment of atrial and ventricular arrhythmias. Cardialen was founded in 2008 by D. Graeme Thomas, Randy H. Weiss and Igor R. Efimov and is headquartered in St. Louis, MO. | Director/Board Member | - |
Alleviant Medical, Inc.
 Alleviant Medical, Inc. Miscellaneous Commercial ServicesCommercial Services Alleviant Medical, Inc. operates as a medical device company, which is developing potential therapies for congestive heart failure. The company was founded by Christopher Alex Arevalos, Albertien Greijdanus, Avni Patel and Jacob Kriegel in February 2017 and is headquartered in Austin, TX. | Director/Board Member | - |
Former positions of Jay Schmelter
| Companies | Position | End |
|---|---|---|
| SMART WIRES TECHNOLOGY LTD. | Director/Board Member | 2021-08-16 |
Velocimed LLC
 Velocimed LLC Medical SpecialtiesHealth Technology Velocimed LLC develops, manufactures, and markets medical devices. The firm's products are used in cardiology and neurology applications. The company was founded in 2001 by Jay Schmelter, Michael Berman, and Dennis W. Wahr and is headquartered in Maple Grove, MN. | Director/Board Member | 2005-09-18 |
Crescendo Venture Management LLP
 Crescendo Venture Management LLP Investment ManagersFinance Crescendo Management LLC (Crescendo Ventures) is a venture capital firm founded in 1993 by David Spreng, Mitchell Dann and Jeff Tollefson. The firm is headquartered in Palo Alto, California. | Private Equity Investor | 1999-12-31 |
Adarza BioSystems, Inc.
 Adarza BioSystems, Inc. Electronic Equipment/InstrumentsElectronic Technology Adarza BioSystems, Inc. develops and manufacturers a multiplex immunoassay technology that can identify proteins and genetic markers in medical specimens. The firm operates as a medical diagnostics company which also develops a rapid and label-free biological assay platform for measuring clinical and point-of-care samples and also its technology allows hundreds of tests to be run simultaneously on a single chip. The company was founded by Benjamin L. Miller, Randolph R. Henke, Terry Gronwall and Christopher C. Striemer in 2008 and is headquartered in St. Louis, MO. | Director/Board Member | - |
| ░░░░░ ░░░░░░ ░░░░ | ░░░░░░░░░░░░░░ ░░░░░░ | - |
Training of Jay Schmelter
| Michigan State University | Undergraduate Degree |
| The University of Chicago | Masters Business Admin |
Experiences
Positions held
Connections
1st degree connections
1st degree companies
Male
Female
Members of the board
Executives
Linked companies
| Private companies | 17 |
|---|---|
Medtronic, Inc.
 Medtronic, Inc. Medical SpecialtiesHealth Technology Medtronic, Inc. operates as a medical technology company. It offers implantable cardiac pacemakers, eternal defibrillators, inferior turbinate surgery products, and continuous glucose monitoring device. The company was founded by Earl E. Bakken and Palmer J. Hermundslie on April 29, 1949 and is headquartered in Minneapolis, MN. | Health Technology |
Piper Sandler & Co. (Broker)
 Piper Sandler & Co. (Broker) Investment Banks/BrokersFinance Piper Sandler & Co. (Broker) (PSC-Broker) is the full-service brokerage division of Piper Sandler & Co., a financial service firm headquartered in Minneapolis, Minnesota. They are a subsidiary of Piper Sandler Companies (NYSE: PIPR). The firm was founded in 1969 and previously known as Piper Jaffray & Co. They became Piper Sandler & Co. when Piper Jaffray Companies and Sandler O’Neill & Partners, L.P. merged to become Piper Sandler Companies in 2020. PSC-Broker provides brokerage and investment banking services to financial institutions, corporations and other financial investors. Their core focus sectors are Agriculture, renewables & cannabis, Business services, Chemicals & Materials, Consumer, Diversified industrials & services, Energy, Financial services, financial sponsors, Healthcare, and Technology. | Finance |
Salient Surgical Technologies, Inc.
 Salient Surgical Technologies, Inc. Medical SpecialtiesHealth Technology Salient Surgical Technologies, Inc. designs, develops, and markets disposable surgical devices. The company was founded in 1999 and is headquartered in Minneapolis, MN. | Health Technology |
Velocimed LLC
Velocimed LLC Medical SpecialtiesHealth Technology Velocimed LLC develops, manufactures, and markets medical devices. The firm's products are used in cardiology and neurology applications. The company was founded in 2001 by Jay Schmelter, Michael Berman, and Dennis W. Wahr and is headquartered in Maple Grove, MN. | Health Technology |
IDEV Technologies, Inc.
 IDEV Technologies, Inc. Medical SpecialtiesHealth Technology IDEV Technologies, Inc. develops medical devices for endovascular uses. Its products include interventional cardiology, interventional radiology and vascular surgery. The company was founded by Sheldon J. Jeffery in 1999 and is headquartered in Webster, TX. | Health Technology |
Cardialen, Inc.
Cardialen, Inc. Medical SpecialtiesHealth Technology Cardialen, Inc. develops medical devices. It offers pain-free cardio version therapy for atrial fibrillation (AF) using low-energy implantable atrial cardioverters. The firm develops and commercializes these as an independent specialist, to address major needs in atrial fibrillation management, achieve improved outcomes and reduce the risk of stroke, heart failure and high healthcare costs associated with atrial fibrillation. The company's products comprise implantable low-energy pain-free atrial cardioverters and cardiac leads and defibrillator equipment. Its products are used for the treatment of atrial and ventricular arrhythmias. Cardialen was founded in 2008 by D. Graeme Thomas, Randy H. Weiss and Igor R. Efimov and is headquartered in St. Louis, MO. | Health Technology |
Smart Wires, Inc.
 Smart Wires, Inc. Engineering & ConstructionIndustrial Services Smart Wires, Inc. operates as an energy grid solutions company. It specializes in energy integration, transmission, and congestion management. The company was founded by Woddy Joe Gibson in 2010 and is headquartered in Durham, NC. | Industrial Services |
Crescendo Venture Management LLP
Crescendo Venture Management LLP Investment ManagersFinance Crescendo Management LLC (Crescendo Ventures) is a venture capital firm founded in 1993 by David Spreng, Mitchell Dann and Jeff Tollefson. The firm is headquartered in Palo Alto, California. | Finance |
Accumetrics, Inc.
 Accumetrics, Inc. Medical SpecialtiesHealth Technology Accumetrics, Inc. developed, manufactured and marketed diagnostic testing and measurement instruments. The company was founded by Dennis Durbin and Robert S. Hillman in 1997 and was headquartered in San Diego, CA. | Health Technology |
RiverVest Venture Management LLC
RiverVest Venture Management LLC Investment ManagersFinance RiverVest Venture Management LLC (RiverVest Venture Partners) is a venture capital firm founded in 2000 by Thomas Melzer, Craig Andrew and Jay Schmelter. The firm is headquartered in St. Louis, Missouri. | Finance |
Poseidon Medical, Inc.
Poseidon Medical, Inc. Medical SpecialtiesHealth Technology Tryton Medical, Inc. manufactures and sells stent systems for the treatment of bifurcation lesions. Its tri-zone technology provides scaffolding within the side branch, radial strength in the transition zone and minimal coverage in the main vessel zone. The firm also provides side branch stent systems which are used to treat a range of bifurcated lesions. The company was founded by H. Richard Davis, Aaron V. Kaplan and Dan Cole in 2003 and is headquartered in Durham, NC. | Health Technology |
Lutonix, Inc.
 Lutonix, Inc. Medical SpecialtiesHealth Technology Lutonix, Inc. develops and commercializes drug coated balloon catheters. Its catheters help to deliver therapeutic dose of paclitaxel. The firm’s catheters are used to treat peripheral and coronary lesions. The company was founded in July 2007 by Dennis Wahr and Lixiao Wang and is headquartered in New Hope, MN. | Health Technology |
Adarza BioSystems, Inc.
Adarza BioSystems, Inc. Electronic Equipment/InstrumentsElectronic Technology Adarza BioSystems, Inc. develops and manufacturers a multiplex immunoassay technology that can identify proteins and genetic markers in medical specimens. The firm operates as a medical diagnostics company which also develops a rapid and label-free biological assay platform for measuring clinical and point-of-care samples and also its technology allows hundreds of tests to be run simultaneously on a single chip. The company was founded by Benjamin L. Miller, Randolph R. Henke, Terry Gronwall and Christopher C. Striemer in 2008 and is headquartered in St. Louis, MO. | Electronic Technology |
InterVene, Inc.
InterVene, Inc. Electronic Equipment/InstrumentsElectronic Technology InterVene, Inc. develops non-implantable, catheter-based vein valve creation therapy. Its BlueLeaf endovenous valve formation system allows physicians to create new vein valves for patients who are unable to efficiently pump blood out of their legs and back to their heart. The company was founded by Fletcher Wilson in 2011 and is headquartered in South San Francisco, CA. | Electronic Technology |
Alleviant Medical, Inc.
Alleviant Medical, Inc. Miscellaneous Commercial ServicesCommercial Services Alleviant Medical, Inc. operates as a medical device company, which is developing potential therapies for congestive heart failure. The company was founded by Christopher Alex Arevalos, Albertien Greijdanus, Avni Patel and Jacob Kriegel in February 2017 and is headquartered in Austin, TX. | Commercial Services |
Smart Wires Technology Ltd.
 Smart Wires Technology Ltd. Electrical ProductsProducer Manufacturing Smart Wires Technology Ltd. manufactures electrical and electronics. It specializes in grid optimization solutions that leverage its patented modular power flow control technology. The firm provides solutions in the fields of transmission reliability, congestion management, and power flow control solutions. Smart Wires Technology was founded on February 22, 2021 and is headquartered in Durham, NC. | Producer Manufacturing |
3x5 Partners LLC
 3x5 Partners LLC Investment ManagersFinance 3x5 Partners LLC (3x5 Partners) is a venture capital firm founded in 2011 by Tony Arnerich and Nicholas Walrod. The firm is headquartered in Portland, Oregon. | Finance |
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