IVCA is pleased to announce 2020 Award Recipients

IVCA is pleased to announce 2020 Award Recipients

November 11, 2020
 
The IVCA Virtual Awards Event, presented by Kirkland & Ellis LLP, will be held on December 7th, from 4:00 pm – 6:00 pm CST.

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Glen Tullman, 7wireVentures will receive IVCA’s Stanley C. Golder Award. The Golder Award honors individuals who have made profound and lasting contributions to the industry of investing private dollars into private companies in Illinois.

As a healthcare leader, Glen Tullman is focused on improving the safety, empathy, and efficiency of our healthcare system. Livongo, IVCA’s 2019 VC-backed Portfolio Company of the Year, raised over $400 million on its IPO day making the company the largest consumer digital health IPO in history. In October, 2020 Livongo merged with Teledoc in a deal valued at $18.5 billion.
 
During his tenure as the Chief Executive Officer of Allscripts, the leading provider of electronic health records, practice management, and electronic prescribing systems, he took Allscripts public with $1.4 billion in sales.
Prior to Allscripts, he was Chief Executive Officer of Enterprise Systems, which he also took public.
 
Glen invests his time into mentoring entrepreneurs and helping his portfolio companies grow. Glen often carves out weekend mornings for “office hours” with all founders who want to meet with him, regardless of whether or not he or his venture firm made a financial investment. He invests his time into growing the Illinois venture community and has helped a number of leading entrepreneurs become quite successful.
 
In addition to his professional achievements, Glen is a philanthropist at heart. He channels his energy through continued charitable work. As the Director Emeritus to the International Board of the Juvenile Diabetes Research Foundation and a Board Member of the American Diabetes Association, Glen spends much of his time and energy advocating for people with diabetes and funding millions of dollars of diabetes research.
 

Anthony “Tony” Palcheck, Zebra Ventures will receive IVCA’s Fellows Award. The Fellows Award recognizes individuals for their outstanding contributions to both the profession of investing private dollars into private companies; and to IVCA. 

“Tony Palcheck has been a longtime supporter and active participant at the IVCA for over 15 years. It has been a pleasure to get to know him and serve alongside him on the board and the executive committee. More recently Tony served as Chairman from 2018-2019. He brought tremendous energy, fresh ideas, and countless relationships to IVCA during this time, and he not only helped advance the IVCA agenda he made a positive difference in membership, legislative advocacy, PAC fundraising, and all with his contagious optimism. We are lucky to have him as a leader in our industry.”  Walter Florence, Frontenac

“Whenever the IVCA has needed an industry pro to lend a hand, shepherd a project, suggest a new or better way of doing something or provide a thoughtful critique, Tony has been there. For all he has done for the IVCA and our venture and private equity communities, Tony is a deserving recipient of the Fellows Award.” Lee Mitchell, Thoma Bravo


In addition to these individual awards, IVCA’s 2020 Venture-backed Portfolio Company of the Year will be announced on December 7th, 2020 during our Virtual Awards Event. 

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Nominees for the 2020 VC-backed Portfolio Company of the Year include: 

4C Insights. Nominated by investor Jump Capital

Launched in 2011, 4C Insights specializes in second screen analytics, helping brands measure, monitor, and execute their campaigns across a variety of devices and mediums, including phones, tablets, TV, radio, and more. 4C Insights raised just under $40 million before it was acquired by advertising services and software company Mediaocean in July 2020.

Lumere. Nominated by investor Jump Capital

Founded in 2012, Lumere (formerly Procured Health) is an organization comprised of clinicians, researchers, pharmacists and strategic thought leaders focused on helping health systems eliminate unwarranted clinical variation and cut unnecessary costs—specifically related to device and drug selection and utilization. Lumere raised just under $20 million from investors before being acquired by Global Healthcare Exchange in January 2020. 

Sprout Social. Nominated by investor NEA

Founded in 2010, Sprout Social offers deep social media listening and analytics, social management, customer care, and advocacy solutions to more than 24,000 brands and agencies worldwide. Sprout Social raised just over $100 million during its time as a private company and went public in December 2019 with an initial market cap of $815 million.

 
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For more information contact: Maura O’Hara 11/11/20