investment fund

7wireVentures Launches $217M Digital Health Fund

7wireVentures launched its largest fund to date on Tuesday — the closing of the $217 million digital health fund brings the Chicago-based firm’s assets under management to more than $500 million. Two-thirds of the new fund's capital will be allocated to 7wireVentures’ existing portfolio companies for follow-up investments, and the remaining third will go toward Series B and Series C funding round for companies in which the firm hasn’t yet invested.

By Katie Adams

Health Tech

‘Hope Is Not a Business Model’: Digital Health Fundraising Advice from 2 VCs

Two VCs from Merck Global Health Innovation Fund recently offered fundraising advice for digital health companies. They told these firms to expect slower funding timelines, urged them not to be afraid of down or flat rounds, and advised them to spend time nailing down the specifics of their growth narrative.

By Katie Adams

With the Rise of AI, What IP Disputes in Healthcare Are Likely to Emerge?

Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.

Health Tech

Penn Medicine’s venture fund makes 2 investments to address SDOH

The Penn Medicine-Wharton Fund for Health, Penn’s venture fund focused on social determinants of health, recently announced investments in its fifth and sixth companies. The fund invested in two Philadelphia-based startups, Fabric Health and Stimulus, bringing its total amount of invested capital to $1.35 million.

By Katie Adams

Health Tech

Carrot Health founder launches SPV-only health tech VC fund

Engage Venture Partners, a Minneapolis-based venture capital firm, recently launched with a focus on early stage medical tech companies. The firm was established to decrease friction between early stage medical tech companies and their investors by bringing its investments to market via special purpose vehicles (SPVs).

By Katie Adams

Startups, BioPharma

Deerfield Management launches $550M biotech fund, has impressive investor base and will turn some profits over to charity

With an impressive roster of backers, Deerfield Management is kicking off a $550 million biotech fund. It will invest in cancer, genetic and orphan diseases - and donate some of its profits to charity.

By Meghana Keshavan

Devices & Diagnostics, Startups

BioStar raises $68M for third, medical device-focused fund

BioStar Ventures invests up to $6 million in early stage medical device startups.

By Meghana Keshavan

Health IT

Google Ventures partner: Bring on the pitches for HIT and Google Glass for healthcare

More than 60 companies showed off their health data applications at Datapalooza IV this week and Krishna Yeshwant, a partner at Google Ventures, was the MC for a demo session on Tuesday afternoon. As one of the presenters was fighting with his PowerPoint demonstration and the projection system, Yeshwant answered a few questions about opportunities […]

Devices & Diagnostics

Samsung’s new innovation fund could help health startups take over the Internet of things

Last week, Samsung announced a new strategy and innovation center with offices in Silicon Valley, Korea and Israel, and a big pot of money to support new companies. Mobile health is on the company’s list of initial priorities, along with cloud infrastructure, mobile privacy and a human interface for the Internet of Things. This is […]