What You Should Know: - PayZen, the fintech company tackling healthcare affordability with personalized, no-cost patient financing solutions raises a $220 million growth round. The round is composed of $20 million in equity financing and a $200 million credit facility led by 7wireVentures, while Viola Credit provided a $200 million warehouse credit facility to support continued market expansion. - PayZen will use the funds to scale its operations and product development as the interest in
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FOLX Health Raises $30M, Launches Expert-Led Support Groups for LGBTQIA+ Community
What You Should Know: - FOLX Health, the first digital healthcare service provider designed by and for the medical needs of the LGBTQIA+ community, today announced $30M in new financing led by 7wireVentures, with participation from new investor Foresite Capital and existing investors, including Bessemer Venture Partners, Define Ventures, and Polaris Partners. - Lee Shapiro, Managing Partner of 7wireVentures and former Chief Financial Officer of Livongo Health, will join FOLX Health’s Board
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Homeward Raises $50M, Inks Value-Based Contract with Priority Health
What You Should Know: - Homeward raises $50M Series B funding round co-led by ARCH Venture Partners and Human Capital. - The funding round also includes participation from General Catalyst, which led Homeward’s Series A funding, and Lee Shapiro and Glen Tullman, Co-Founders of 7wireVentures, one of the country’s most successful early-stage healthcare venture funds. Value-Based and Comprehensive Care Americans living in rural communities are experiencing increasing health disparities
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Homethrive Raises $20M for Next-Gen Caregiving Platform
What You Should Know: - Homethrive, a tech-enabled healthcare service company that’s disrupting and revolutionizing how employers, insurers, and affinity groups support unpaid family caregivers and their loved ones raises an additional $20M in Series B funding led by Human Capital. The round also included participation from Allianz and existing investors 7wireVentures and Pitango HealthTech. - The funding round fuel Homethrive’s aggressive expansion with self-insured employers and
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7WireVentures Launches $150M Connected Consumer Health Fund
What You Should Know: - Digital health venture capital firm 7WireVentures today announced it has closed a $150M Connected Consumer Health Fund to invest in early-stage digital health businesses that empower an Informed Connected Healthcare Consumer. - In addition to the fund, 7WireVentures announced the addition of new healthcare organizations to the Connected Consumer Health Coalition, a partnership of top health plans, health systems, employers, and life science organizations. Select
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7wireVentures & EHIR Partner to Accelerate the Adoption of Digital Health Solutions
What You Should Know: - 7wireVentures, an early-stage digital health venture capital firm, and Employer Health Innovation Roundtable (EHIR), a coalition of the largest and most progressive employers, health plans, and health systems are announcing a partnership to accelerate digital health innovation and improve consumer health, wellness, and productivity. - Together, the two organizations will facilitate partnerships between emerging digital health companies and EHIR’s blue-chip
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7wireVentures Launch $100M Connected Consumer Health Fund with Coalition of Healthcare Organizations
7wireVentures is an early stage healthcare venture firm based in Chicago has closed a $100 million fund and formed a coalition with eight healthcare provider and plans dedicated to investing in companies that use technology to help consumers get and stay healthy. The coalition of leading healthcare service organizations include Allina Health, Arkansas BlueCross BlueShield, Bon Secours Health System, Cigna, Horizon Blue Cross Blue Shield of New Jersey, Memorial Hermann Health System, Rush
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