Andrew Welters
Founding Partner, Chief Executive Officer and Board Member
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- Full Name
- Andrew V. Welters
- Title
- Founding Partner | CEO
- Firm
- 5Lion Ventures
- Firm Type
- Early-stage venture capital / angel investor
- Investment Stage
- Seed+ and Series A
- Target Company Profile
- Early-stage companies where 5Lion can be among the first institutional capital and provide both financial and non-financial resources.
- Sector Focus
- Healthcare, deep tech, SaaS, communications, consumer products, AR/VR, assistive technology, donor software / Web3 philanthropy.
- Geographic Focus
- United States; 5Lion has offices listed in McLean, Virginia and New York, New York.
- Location
- Washington, DC / McLean, Virginia area
Background
Andrew V. Welters launched 5Lion Ventures in 2014. The firm describes itself as an early-stage investment firm focused on Seed to Series A funding and advisory services, and says it is often the first institutional capital into startups. Welters’s 5Lion biography says he has experience founding, operating, and advising early-stage healthcare and technology companies.
Before and alongside 5Lion, Welters founded BTLR in 2013, described by 5Lion as a customizable concierge service for high-value patrons and fans in sports and entertainment venues. A Google Patents record lists Andrew V. Welters as an inventor on a Butler Solutions patent application for multimodal communication systems, with a 2017 publication date.
Welters received a B.A. in History from the University of Notre Dame. He was later appointed to the advisory council of Notre Dame’s IDEA Center, the university’s innovation and entrepreneurship center. His 5Lion biography also says he has served on the board of Washington Jesuit Academy and on the Advisory Council of The AnBryce Foundation; AnBryce separately lists him as a board member, a Washington, DC resident, Vice President of Corporate Development & Investor Relations at CINQCARE, and Founding Partner of Broadburch Capital Partners.
5Lion’s team page also lists Welters as a Venture Partner at H/L Partners in New York City. Third-party profile data from SignalHire lists prior roles including Venture Partner at H/L Ventures from August 2018 to November 2021, founder of BTLR from June 2014 to June 2020, and earlier brand / corporate reputation work at Finsbury Glover Hering and curatorial research work at the Smithsonian Institution.
Investment Thesis & Focus
- 5Lion says it invests in “disruptive ideas and the people behind them,” with a core belief that “people are the business.”
- The firm focuses on Seed to Series A companies and says it is traditionally the first institutional capital into startups.
- 5Lion emphasizes active support beyond capital, including strategic guidance, corporate and financial networks, partnerships, and operational experience.
- Sector focus spans healthcare, deep tech, SaaS, communications, and consumer products; the public portfolio also shows AR/VR, assistive technology, digital health, CBD beverages, animation / creative services, and Web3 philanthropy.
- Welters’s own 5Lion bio says he identifies, funds, and grows companies that “improve the human experience” and close gaps across industries.
Notable Investments
- BetterPT - Healthcare technology platform connecting patients, physicians, and physical therapists; BetterPT announced a $5 million Series A on April 30, 2019, led by 5Lion Ventures with participation from Hospital for Special Surgery and ID Fund.
- Beem - London AR telepresence / holographic messaging startup; Forbes reported in February 2022 that Beem raised $4 million in seed funding from investors including 5Lion.
- ARxVision - Assistive-technology company building a hands-free visual assistance headset for blind and low-vision users; 5Lion lists ARx Vision in its portfolio, and ARxVision’s CEO told Eye News that ARx was backed by 5Lion Ventures.
- Thropic - Donor software / crypto-philanthropy company using blockchain technology for nonprofit fundraising; 5Lion lists Thropic in its portfolio, and CB Insights records a Seed VC round on April 22, 2022 with 5Lion Ventures and Arcanum Ventures.
- BetterHealthcare - Digital healthcare access platform for patient intake / front-door and back-office workflows; listed in 5Lion’s portfolio.
- Cloud Water - Sparkling CBD beverage company combining botanicals, CBD, and natural ingredients; listed in 5Lion’s portfolio.
- Heal - On-demand doctor house-call / family doctor service; listed in 5Lion’s portfolio.
- Holler Studios - Animation production company and creative agency; listed in 5Lion’s portfolio.
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