What You Should Know:
– Create Health Ventures, a venture capital firm dedicated to early-stage digital health startups, announced the closing of its $21M inaugural fund.
– The VC firm will invest in B2B solutions that address critical challenges within the healthcare industry, including improving patient engagement, enhancing care delivery, and optimizing clinical trials.
Founding Team
Founded by healthcare industry veterans Cartmell and Amit Aysola, Create Health Ventures brings a wealth of experience and deep industry relationships to its portfolio companies. The firm’s focus on payer-facing technologies and clinical trial enablement aligns with the growing needs of the healthcare sector. Austin-based Cartmell has 25 yearsof experience in healthcare as a Chief Operating Officer, Chief Revenue Officer, board member and VC investor, as well as an advisor to Morgan Stanley, UnitedHealthcare, the University of Texas at Austin Dell Medical School and the British Government. Chicago-based Aysola has more than 20 years of experience in healthcare as a management consultant, operator, investment banker and VC investor, and is an advisor to the Michigan Biomedical Venture Fund and the Institute for Artificial Intelligence in Medicine at Northwestern University.
Investment Thesis
With the rise of value-based care and the increasing complexity of clinical trials, healthcare organizations are seeking innovative solutions to improve efficiency, reduce costs, and enhance patient outcomes. Create Health Ventures aims to support startups developing these solutions by providing capital, mentorship, and strategic guidance.
The firm’s investment thesis is supported by the significant growth in the payer market, with projected revenues reaching $75B by 2027. Additionally, the pharmaceutical industry’s increased focus on clinical trials presents a substantial opportunity for digital health solutions.
Create Health Ventures’ unique value proposition includes a comprehensive platform of services designed to support portfolio companies, such as strategic partnerships, executive coaching, and business development support. By fostering a collaborative ecosystem, the firm aims to accelerate the growth and success of its investments.
“We’ve heard firsthand from payers, providers and pharmaceutical companies that their business goals are to elevate the patient experience, facilitate better health outcomes and improve access to care for all, especially those with health disparities,” said Emma Cartmell, co-founder and managing partner of Create Health Ventures. “We know that founders from the healthcare industry intimately understand how to meet these challenges leveraging technology, and supporting them is the most powerful way that we can invest and, in turn, positively impact the healthcare industry.”
Investments to Date
Create Health Ventures investment portfolio includes:
– Carallel: Through Carallel’s platform, clinicians reach family members and caregivers, who receive personalized support and critical assistance through tech-enabled solutions that help improve the member’s experience, health outcomes and costs.
– Watershed Health: Care collaboration platform that enhances the patient experience by ensuring information is shared in real-time among the relevant care providers.
– Advocatia: Simplifies the financial assistance experience and helps more patients enroll in Medicaid and other programs such as nutrition assistance and home energy assistance.
– Pair Team: Connecting vulnerable Medicaid patients to local care teams that help them overcome barriers and get access to clinical, behavioral, and social services.
– Nmible: A platform that enables fast and easy reimbursement for participants in clinical trials around the globe. The software reduces the financial burden for those in clinical trials and improves participant retention while reducing the administrative burden on trial sites.
