Azimuth Ventures

ActiveVenture Capital

Updated: Mar 17, 2026 ·

About

Azimuth Ventures functions as a venture capital firm, deploying capital into early-stage companies. Its core offering is an investment fund, providing financial backing and advisory services. The firm specializes in identifying innovative ventures, focusing on healthcare, including medical device development, and technology-enabled services. Capabilities support nascent enterprises within these critical industries.

Established in 2014, Azimuth Ventures was founded by Dr. Milena Adamian, its Managing Partner. A distinguished cardiologist with extensive clinical and corporate strategy experience, Dr. Adamian recognized a crucial demand for specialized capital and expertise to accelerate breakthroughs in nascent healthcare and technology. Her physician and investor background provided insight for creating a firm dedicated to these complex markets.

Azimuth Ventures primarily serves early-stage startups in healthcare and technology, providing essential capital and strategic guidance. The firm’s vision is to foster groundbreaking solutions addressing significant market needs. It aims to be a steadfast ally for innovators, driving progress, and shaping the future of health and technology.

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Apr 1, 2025	Remedy Scientific	$11.0M Seed	—	Altari Ventures, Amazon Alexa Fund, Broadway Angels, Eclipse Ventures, ENIAC Ventures, ff Venture Capital, IPD Capital, Alex Tang, Blake Mycoskie
Nov 1, 2017	Trendalytics Innovation Labs	$3.0M Venture Round	—	Altari Ventures, Amazon Alexa Fund, Broadway Angels, Eclipse Ventures, ENIAC Ventures, ff Venture Capital, IPD Capital, Alex Tang, Blake Mycoskie
Sep 1, 2017	Allbirds	$18.0M Series B	—	75 & Sunny, Accomplice VC, Addition, Altari Ventures, Amazon Alexa Fund, Asset Management Ventures, Battery Ventures, Broadway Angels, CapitalG, Deerfield Management, Eclipse Ventures, ENIAC Ventures, Ensemble VC, ff Venture Capital, Fifth Wall, Franklin Templeton Investments, IPD Capital, King River Capital, Maveron, PS Investments, Quiet Capital, Sutter Hill Ventures, The General Partnership, Union Square Ventures, Wildcat Ventures, Y Combinator, Alex Tang, Blake Mycoskie, Louis Beryl
Aug 1, 2017	Adero	$50.0M Series B	—	Altari Ventures, Amazon Alexa Fund, Broadway Angels, Eclipse Ventures, ENIAC Ventures, ff Venture Capital, Foundry Group, Incite Ventures, IPD Capital, Kapor Capital, Uncork Capital, Upfront Ventures, Alex Tang, Blake Mycoskie
Jun 1, 2017	Snips	$13.0M Series A	—	Altari Ventures, Amazon Alexa Fund, Broadway Angels, Eclipse Ventures, ENIAC Ventures, Factorial, ff Venture Capital, Flybridge Capital Partners, IPD Capital, Alex Tang, Blake Mycoskie, Francisco Larrain
Mar 1, 2017	Viro Media	$3.0M Seed	—	ACME Capital, Altari Ventures, Amazon Alexa Fund, Bessemer Venture Partners, BoxGroup, Broadway Angels, Eclipse Ventures, ENIAC Ventures, ff Venture Capital, First Round Capital, Glencrest Group, IPD Capital, Pareto Holdings, Quiet Capital, Root Ventures, SOSV, Alex Tang, Blake Mycoskie, Charlie Songhurst, Derrick Li, Francisco Larrain, Jeremy Yap, Louis Beryl, Nicolas Berggruen, Shervin Pishevar
Feb 1, 2017	Comprehend Systems	$15.0M Series C	—	DST Global, Lightspeed Venture Partners, Seven Seven Six, Ulu Ventures, Y Combinator, Aaron Levie, Farzad Nazem, Nils Johnson
Nov 1, 2016	Dubsmash	$10.0M Series B	—	2xN, Accel, ACME Capital, Altari Ventures, Amazon Alexa Fund, Bora&Sons, Broadway Angels, Catapult Capital, Crosscut Ventures, Eclipse Ventures, ENIAC Ventures, ff Venture Capital, Fifth Wall, Flybridge, Great Oaks Venture Capital, Heartcore Capital, Index Ventures, IPD Capital, Neotribe Ventures, Outlander Labs, Passion Capital, Plug & Play Ventures, Practical Venture Capital, Raine Ventures, Renegade Partners, Ride Ventures, Root Ventures, Slow Ventures, SOSV, StartupGym, Streamlined Ventures, VSC Ventures, Alex Tang, Armando Biondi, Blake Mycoskie, Bonny Simi, Chris Carvalho, Doug Dooley, Eric Ries, Hiten Shah, Jari Ovaskainen, Jon Hallett, Naveen Selvadurai, Shervin Pishevar, William Mougayar
Jun 1, 2016	Greycork	$1.0M Seed	—	Altari Ventures, Amazon Alexa Fund, Broadway Angels, Eclipse Ventures, ENIAC Ventures, ff Venture Capital, IPD Capital, Alex Tang, Blake Mycoskie
Oct 1, 2015	ArtLifting	$1.0M Seed	—	2048 Ventures, 8-Bit Capital, Alpaca VC, Altari Ventures, Amazon Alexa Fund, B Capital Group, Bessemer Venture Partners, BoxGroup, Broadway Angels, Creandum, Eclipse Ventures, ENIAC Ventures, ff Venture Capital, FJ Labs, Floodgate, Gotham Gal Ventures, Harrison Metal, IPD Capital, Ligature, NextView Ventures, Otherwise Fund, RRE Ventures, Sherpalo Ventures, Zetta Venture Partners, Alexander Ljung, Alex Tang, Ben Kosinski, David Chang, Eric Quidenus-Wahlforss, Jason Lemkin, Matt Macinnis
Sep 1, 2015	Happiest Baby	$11.0M Series A	—	Altari Ventures, Amazon Alexa Fund, Broadway Angels, Eclipse Ventures, ENIAC Ventures, ff Venture Capital, IPD Capital, Alex Tang, Blake Mycoskie
Aug 1, 2015	Owlet Baby Care	$7.0M Series A	—	Altari Ventures, Amazon Alexa Fund, Array Ventures, Bain Capital Ventures, B Capital Group, Bowery Capital, Broadway Angels, Bryant Stibel, Coelius Capital, Eclipse Ventures, Energy Impact Partners, ENIAC Ventures, Ensemble VC, Felicis Ventures, ff Venture Capital, FJ Labs, Flex Capital, Freestyle Capital, Granatus Ventures, Hanaco Ventures, Incite Ventures, IPD Capital, IVP, Ligature, Lowercarbon Capital, Math Capital, Mayfield, Oceans, Plug & Play Ventures, QueensBridge Venture Partners, Root Ventures, Social Capital, Social Starts, SOSV, Struck Capital, Structure Capital, Tribe Capital, Trust Ventures, Upside Partnership, VSC Ventures, Adam D'Angelo, Alex Tang, Anna Patterson, Anthony Saleh, Blake Mycoskie, Bradley Horowitz, Charlie Songhurst, Claire Diaz-Ortiz, Erik Moore, Eros Resmini, Evan Cheng, Eytan Elbaz, Gil Elbaz, Jared Leto, Kim Perell, Lev Ekster, Marek Olszewski, Russell Fradin, Russ Fradin, Tom Steyer
Aug 1, 2015	Dubsmash	$6.0M Series A	—	Accel, ACME Capital, Aleph VC, Altari Ventures, Amazon Alexa Fund, Andreessen Horowitz, Betaworks Ventures, Bora&Sons, BoxGroup, Broadway Angels, Catapult Capital, Crosscut Ventures, Eclipse Ventures, ENIAC Ventures, Entrée Capital Ventures, ff Venture Capital, Fifth Wall, Flybridge, Graph Ventures, Great Oaks Venture Capital, Greylock, M.G. Siegler, Heartcore Capital, Index Ventures, IPD Capital, LAUNCH, Lowercarbon Capital, Neotribe Ventures, NFX, O'Reilly AlphaTech Ventures, Outlander Labs, Passion Capital, Plug & Play Ventures, Practical Venture Capital, Quiet Capital, Raine Ventures, Rainfall Ventures, Renegade Partners, Ride Ventures, Root Ventures, Semble Ventures, Slow Ventures, SOSV, StartupGym, Streamlined Ventures, SV Angel, Tau Ventures, Peter Chernin, Vayner RSE, VSC Ventures, Webtalk Ltd, Alex Tang, Armando Biondi, Blake Mycoskie, Bonny Simi, Chris Carvalho, Doug Dooley, Eric Ries, Hiten Shah, James Hong, Jared Leto, Jari Ovaskainen, Jon Hallett, Josh Elman, Matt Mazzeo, MG Siegler, Mike Vernal, Naveen Selvadurai, Philip Kaplan, Rick Johanson, Ron Gura, Sebastian Knutsson, Shervin Pishevar, William Mougayar
Jun 1, 2015	Snips	$3.0M Seed	—	Altari Ventures, Amazon Alexa Fund, American Express Ventures, Astanor Ventures, Balderton Capital, Broadway Angels, Eclipse Ventures, ENIAC Ventures, Factorial, ff Venture Capital, Firstminute Capital, Flybridge Capital Partners, General Catalyst, Tom Hulme, IPD Capital, Kima Ventures, Slow Ventures, Alex Tang, Blake Mycoskie, Francisco Larrain, Peter Read, Sherry Coutu
Aug 1, 2014	Comprehend Systems	$21.0M Series B	—	Band of Angels, DST Global, Felicis Ventures, Lightspeed Venture Partners, Okapi Venture Capital, Seven Seven Six, ThirdLove, TSVC Capital, Ulu Ventures, Y Combinator, Aaron Levie, Bill Gates, Bill Yang, Farzad Nazem, Louis Beryl, Nils Johnson, Todd Corenson
Apr 1, 2014	Owlet Baby Care	$2.0M Seed	—	Altari Ventures, Amazon Alexa Fund, Array Ventures, Bain Capital Ventures, B Capital Group, Bowery Capital, Broadway Angels, Bryant Stibel, Coelius Capital, Eclipse Ventures, Energy Impact Partners, ENIAC Ventures, Ensemble VC, ff Venture Capital, Freestyle Capital, Hanaco Ventures, Incite Ventures, IPD Capital, IVP, Ligature, Lowercarbon Capital, Math Capital, Mayfield, Oceans, Plug & Play Ventures, QueensBridge Venture Partners, Root Ventures, Social Capital, SOSV, Struck Capital, Structure Capital, Tribe Capital, Trust Ventures, Upside Partnership, VSC Ventures, Alex Tang, Anna Patterson, Anthony Saleh, Blake Mycoskie, Bradley Horowitz, Claire Diaz-Ortiz, Erik Moore, Eros Resmini, Evan Cheng, Eytan Elbaz, Gil Elbaz, Jared Leto, Kim Perell, Lev Ekster, Tom Steyer
Feb 1, 2014	BioTrace Medical	$3.0M Series A	—	Baird Capital, Okapi Venture Capital
Oct 1, 2013	NGINX	$10.0M Series B	—	DST Global, Insight Partners, Lightspeed Venture Partners, Menlo Ventures, Forest Baskett, Seven Seven Six, Ulu Ventures, Y Combinator, Chris Schaepe, Farzad Nazem, Nils Johnson
Jul 1, 2013	Comprehend Systems	$8.0M Series A	—	AngelPad, Audrey Capital, Band of Angels, Coatue, DST Global, Felicis Ventures, HV Capital, Maveron, Okapi Venture Capital, Pear VC, Practical Venture Capital, Rostrum Capital, Seven Seven Six, Streamlined Ventures, The Hit Forge, ThirdLove, Transmedia Capital, TSVC Capital, Ulu Ventures, Uncork Capital, Babak Nivi, Bill Gates, Bill Yang, Dharmesh Shah, Elies Campo, Erik Moore, Josh Elman, Louis Beryl, Nickyl Raithatha, Richard Chen, Tikhon Bernstam, Todd Corenson
Jul 1, 2013	SIPX	$4.0M Series B	—	Band of Angels, DST Global, HV Capital, Lightspeed Venture Partners, Piva Capital, Seven Seven Six, TSVC Capital, Ulu Ventures, XSeed Capital, Y Combinator, Aaron Levie, Elies Campo, Farzad Nazem, Nils Johnson
Sep 1, 2012	SIPX	$2.0M Series A	—	Band of Angels, DST Global, HV Capital, Lightspeed Venture Partners, Piva Capital, Seven Seven Six, TSVC Capital, Ulu Ventures, XSeed Capital, Y Combinator, Aaron Levie, Elies Campo, Farzad Nazem, Nils Johnson
Jul 1, 2012	PayDragon	$1.0M Seed	—	DST Global, Lightspeed Venture Partners, Seven Seven Six, Ulu Ventures, Y Combinator, Aaron Levie, Farzad Nazem, Nils Johnson

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Azimuth Ventures.

Milena Adamian

Managing Partner

Leadership Team

Key people at Azimuth Ventures.

Milena Adamian

Managing Partner

Deep Dive

High-Level Overview

Azimuth Ventures is a New York-based early-stage venture capital firm specializing in investments primarily within the healthcare, biotechnology, and technology-enabled service sectors. The firm focuses on backing startups that innovate in healthcare IT, medical devices, and healthtech, aiming to support transformative solutions in medicine and related fields. By concentrating on these sectors, Azimuth Ventures plays a role in advancing the startup ecosystem by providing capital and strategic guidance to companies that address critical healthcare challenges and leverage technology for improved outcomes[1][2][3][5].

Origin Story

Founded in 2014, Azimuth Ventures was established with a focus on early-stage investments in healthcare and life sciences. The firm is managed by an executive team based in New York, which oversees its portfolio and investment strategy. Over time, Azimuth has honed its focus on healthcare-related sectors, including biotechnology and technology-enabled services, reflecting an evolution toward specialized expertise in these high-impact areas. The founding partners and detailed backstory are not publicly detailed, but the firm’s consistent sector focus since inception underscores a strategic commitment to healthcare innovation[1][2][3].

Core Differentiators

Sector Specialization: Deep focus on healthcare, biotechnology, and technology-enabled services, allowing for domain expertise in evaluating and supporting startups.
Early-Stage Focus: Concentrates on seed and early-stage rounds, positioning itself as a critical partner in the formative phases of company growth.
Geographic Reach: Primarily active in the Northeast, Southeast, and West Coast U.S. markets, tapping into major innovation hubs.
Experienced Management: Assets are managed by an executive team with sector knowledge, enhancing value beyond capital.
Selective Investment Model: With a relatively small portfolio, Azimuth appears to take a focused and hands-on approach to its investments[1][3][5].

Role in the Broader Tech Landscape

Azimuth Ventures is positioned at the intersection of healthcare and technology innovation, riding the broader trend of digital transformation in medicine and biotech. The timing is favorable given the increasing demand for healthcare solutions that improve patient outcomes, reduce costs, and leverage data and software. Market forces such as aging populations, regulatory shifts, and advances in biotechnology create a fertile environment for startups in these sectors. Azimuth’s investments help fuel innovation that can disrupt traditional healthcare delivery and accelerate the adoption of new technologies, influencing the broader ecosystem by enabling startups to scale and commercialize breakthrough solutions[1][2][5].

Quick Take & Future Outlook

Looking ahead, Azimuth Ventures is likely to continue deepening its focus on healthcare and biotech startups, potentially expanding its portfolio as new technologies emerge in areas like digital health, personalized medicine, and AI-driven healthcare services. Trends such as telemedicine, genomics, and health data analytics will shape its investment thesis. As the healthcare sector evolves rapidly, Azimuth’s specialized expertise and early-stage focus position it to be a key player in nurturing the next generation of healthcare innovators, thereby amplifying its influence in the venture capital and startup ecosystems.

This trajectory ties back to its founding mission of supporting transformative healthcare ventures, underscoring Azimuth Ventures’ role as a catalyst for innovation at the nexus of technology and medicine.

Sources

Frequently Asked Questions

What was the primary investment focus and stage of Azimuth Ventures?

Azimuth Ventures primarily focused on early-stage investments, including Seed and Series A rounds. Its investment mandate covered sectors such as healthcare, medical device development, technology, IT & TMT (Technology, Media, and Telecommunications), and HealthTech & Fitness.

Who founded Azimuth Ventures and what unique expertise did they bring to the firm?

Azimuth Ventures was founded by Dr. Milena G. Adamian, M.D., Ph.D., who served as its Managing Partner. Dr. Adamian brought a unique blend of clinical and academic expertise as a cardiologist and researcher, leveraging this background to invest in early-stage healthcare and technology opportunities.

What is the current operational status of Azimuth Ventures as a venture capital firm?

According to Crunchbase, Azimuth Ventures (the US-based venture capital firm associated with Milena Adamian) is permanently closed. Its SEC AdviserInfo registration status further indicates that it is 'NOT currently registered and is NOT filing reports with the SEC or any state.'

What types of companies did Azimuth Ventures typically invest in?

Azimuth Ventures sought out innovative early-stage companies, primarily in the healthcare and technology sectors. These investments ranged from medical device development to broader technology, IT, and HealthTech applications, often leveraging the firm's deep expertise in life sciences.