Providence Ventures, the Venture capital arm of Providence St. Joseph Health (PSJH) has announced a second $150 million healthcare venture capital and growth equity fund. Founded in 2014, Providence Ventures manages $300 million in venture capital funds on behalf of Providence St. Joseph Health (PSJH), the nation's third-largest health system. Providence Ventures Second Health Fund Focus AreasProvidence Venture's investment strategy is focused on identifying the best opportunities that align
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LSU Health New Orleans Joins Vantedge Ventures to Support Physician-Led Innovation
LSU Health New Orleans announced that it has joined Vantedge Venture's Innovation Alliance (VIA), a collective of health systems seeking to innovate and create physician-led innovation developed by their network of clinicians and physicians. The Alliance will help LSU Health New Orleans Office of Technology Management vet and validate the commercial viability of inventions of LSU Health New Orleans clinical physician-scientists. As part of the alliance, Vantedge Ventures Fund will work with
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Cigna Launches $250M Healthcare Innovation Fund Focused on Early and Growth Stage Startups
Today, global health service company Cigna announced the launch of Cigna Ventures, a corporate venture fund to invest in emerging companies driving transformation and innovation in health care. Cigna Ventures is launching with $250M in capital to invest in both early and growth stage startups dedicated to unlocking growth opportunities in healthcare across three strategic areas:- Insights and Analytics: Risk Assessment, Network Optimization, and Patient Care Plan- Digital Health and Retail:
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Optum Launches $250M Innovation Fund to Invest in Early-Stage Digital Health Startups
UnitedHealth Group’s healtcare service business has announced the launch of Optum Ventures,a $250 million healthcare innovation fund dedicated to investing in early-stage digital health starutps. Funded by Optum, Optum Ventures will focus in investing in digital health startups that use data and insights to help improve consumers’ access to health care services and how care is delivered and paid for, and that make the health care system more reliable and easier to navigate.By leveraging Optum’s
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Partners Healthcare Closed $171M Innovation Fund for Life Sciences Startups
Partners HealthCare System has closed a $171 million innovation fund to invest in early stage life sciences startups. The innovation fund includes $66.1 million in outside capital for Partners Innovation Fund II and a $105 million commitment from Partners institutions to Partners Innovation Fund to focus on medical innovation created in the Partners system. The capital commitments to Partners Innovation Fund include two $50 million commitments each from The Brigham and Women’s Hospital and
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