Inside Town Hall Ventures’ New $440M Fund
Town Hall Ventures launched its fourth fund, targeting $440 million to back startups using AI to improve healthcare access and outcomes for underserved populations.
Town Hall Ventures launched its fourth fund, targeting $440 million to back startups using AI to improve healthcare access and outcomes for underserved populations.
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.
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.
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.
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).
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.
BioStar Ventures invests up to $6 million in early stage medical device startups.
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 […]
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 […]