First Light Asset Management is an Edina, Minnesota-based registered investment adviser focused exclusively on health care investing in the United States. The firm invests across biotechnology, medical devices and equipment, health care IT, specialty pharma, diagnostics, life science tools and services, health care services and oncology-related life sciences. Its strategy targets less-crowded micro- to mid-cap health care companies, using fundamental research and conviction-based weighting, making it most relevant to health care companies seeking institutional public-market-style capital rather than seed-stage venture funding.