What You Should Know:
- Allumia Ventures, formerly known as Providence Ventures, announced its spin-off from Providence to become an independent venture capital firm.
- The spin out follows the first close of its third fund, marking a significant milestone in the firm's evolution. The firm will continue to work closely with Providence as an Anchor Limited Partner while inviting a select group of other healthcare organizations to join its third fund.
Allumia Ventures
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Healthcare Venture Capital
Benchstrength Closes $62M Early-Stage VC Fund with Healthcare Focus
What You Should Know:
- Benchstrength, a New York City-based venture capital firm, has announced the close of its first $62M fund, focused on investing in high-potential, early-stage technology companies.
- The $62M fund has attracted a diverse group of investors, including prominent foundations, institutional investors, and individual investors.
Investing in Transformative Technologies
Led by former General Catalyst investors Ken Chenault Jr. and John Monagle,
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General Catalyst Raises $8B w/ $750M for Health Assurance Fund
What You Should Know:
- General Catalyst (GC), a global venture capital firm, has announced a significant milestone with the raise of $8B in new capital consisting of $6B for GC’s latest fund - Fund XII - and $2B in separately managed accounts)..
- The substantial investment will accelerate GC's mission to advance health assurance and drive transformative innovations across various sectors, including AI, healthcare, and global resilience.
$750M Allocated to Health Assurance
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Create Health Ventures Launches $21M Fund to Invest in Digital Health Startups
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
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SVB Report: 2024 Mid-Year Healthcare Investments and Exits
What You Should Know:
- The healthcare venture capital landscape experienced a resurgence in the first half of 2024, according to a new report from Silicon Valley Bank (SVB). Despite ongoing economic challenges, 89% of US VC funds exceeding $25M successfully met their fundraising targets.
- The report, "2024 Mid-Year Healthcare Investments and Exits," delves into venture capital activity across the healthcare sector, including biopharma, healthtech, medical device, and
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Foresite Capital Closes $900M Fund Targeting Precision Medicine & Innovation
What You Should Know:
- Foresite Capital, a San Francisco, CA-based healthcare and life sciences investment firm, announced today the successful closing of its sixth fund with a significant $900M in capital commitments. This new fund fuels Foresite's mission to invest in groundbreaking technologies across the healthcare spectrum.
- Fund VI attracted a diverse group of limited partners, including university endowments, charitable foundations, medical institutions, pension funds,
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HLTH22 Day 2 News Summary: Amazon Clinic Launch, General Catalyst, Verizon, Higi
Amazon Launches Amazon Clinic Across 32 States
Amazon launches Amazon Clinic, a virtual care option that will operate across 32 states that offers up-front pricing, and treatment within hours, instead of days—helping customers achieve better health. Welcome to easy-to-use, effective care for common health conditions.
For customers, the cost of consultations will vary by provider and includes ongoing follow-up messages with their clinician for up to two weeks after the initial
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HLTH22: General Catalyst Adds 10 New Health System Partners
What You Should Know:
- Healthcare venture capital firm General Catalyst adds 10 new health system partners, bringing the number to 15 total.
- This first-of-its-kind strategic ecosystem will encapsulate 10% of the US population across 43 states (as well as the largest academic health system in the UK), with a goal to promote health assurance and deliver accessible, affordable and effective care.
Why It Matters
These partnerships will connect health systems directly with
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CVS Health’s Former Chief Strategy Officer Joins VC Firm, LRVHealth
What You Should Know:
- LRVHealth, the inside healthcare venture capital platform, announced that Josh Flum joined the firm as a managing partner. Prior to joining LRV Health, Flum served as Chief Strategy Officer and Business Developer Officer at CVS Health.
- Flum joins a diverse team of healthcare operators, entrepreneurs, investors and insiders leading healthcare innovation and transformation alongside a network of strategic limited partners that touches half of all
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HealthQuest Capital Closes $675M for Fund IV to Invest in Transformational Healthcare Companies
What You Should Know:
- HealthQuest Capital, a sector specialist capital firm focused on companies optimizing value in healthcare, today announced the close of HealthQuest Partners IV, L.P., at its hard cap of $675M .
- The oversubscribed fund will enable HealthQuest to continue to invest in growth-stage companies that are revolutionizing the healthcare industry.
Providing Growth Capital to Companies Transforming Healthcare
Founded in 2013 by Garheng Kong, a physician, scientist, and
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