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Osage Venture Partners boosts team to focus on Mid-Atlantic enterprise technology

11 Mar 2014

Early stage enterprise technology investor Osage Venture Partners (OVP) has promoted David Drahms to partner and added Michael Phelan as a venture partner.

OVP focuses specifically on the US Mid-Atlantic region and in the enterprise technology sector.

Drahms joined Osage Venture Partners in 2005. Since that time he has played a leading or supporting role in most fund investments, the firm said and driven OVP’s healthcare IT focus area. Recent deals include leading OVP‘s investment in Ceptaris and serving as Osage’s board representative from its initial investment in 2006 through the company’s $250m exit to Actelion in 2013. Today he serves on the boards of Halfpenny Technologies, Identropy, and ProtonMedia, and is a board observer with InstaMed, PeopleLinx, and FieldView Solutions.

Phelan was previously CEO of SevOne, a network infrastructure management company that completed a $150m recapitalization from Bain Capital Ventures in late 2012. He joins OVP with a focus on providing hands-on support to portfolio companies and on strengthening Osage’s relationships with the regional entrepreneurial community.

OVP raised its first fund in 2005, and has invested almost exclusively in enterprise software companies since that time. It is part of Osage Partners, a family of investment funds located just outside of Philadelphia, with in excess of $200m under management. The firm’s Osage University Partners is a multi-stage fund that invests in university startups across a range of sectors.

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