StartUp Health, a global entrepreneurship development company for Healthcare Transformers has raised $19.3M from Ping An Global Voyager Fund, GuideWell, Masimo Corporation and a consortium of partners through StartUp Health Transformer Fund II.
A key part of the StartUp Health’s plan since they launched in 2011 is to leverage the network effect by organizing entrepreneurs (“Health Transformers”) and to partner with the world’s leading organizations who can support these Health Transformers with capital, expertise and opportunities to scale. StartUp Health has amassed the world’s largest portfolio of over 200 digital health companies from 5 continents and 19 countries, and has created a global network of over 30,000 investors, customers, and partners.
Following the completion of StartUp Health’s inaugural fund which included 100 digital health companies, the StartUp Health Transformer Fund II will support and invest in more than 200 companies focused on achieving Health Moonshots over the next two years. Fund II already has more than 100 companies in its portfolio from 13 countries including Australia, Brazil, Canada, England, Finland, Germany, Israel, Kenya, Mexico, Netherlands, Nigeria, Spain, and the U.S.
“When you are sprinting a marathon as so many Health Transformers are, there’s nothing better than having batteries included partners by your side coaching you to success,” said Unity Stoakes, President and Co-founder of StartUp Health in a statement. “We are thrilled to have partners like Ping An, GuideWell and Masimo Corporation, who are so aligned with our vision for transforming health.”