The new fund plans to raise a total of $40 million to invest in early-stage medtech companies
18:5717.01.22
The new fund will also invest in companies that have graduated from Maccabi’s technological incubator, which eHV has led for the past five years. eHV is an international partnership that includes Israeli HMO Maccabi Healthcare Services, Amgen Ventures, and Medison Ventures, among others. Additional investors in the fund include the Hadar Group, Arad Investment, Venturing, and Coast Capital Partners. The firm is expected to announce the completion of the fund during the upcoming quarter.
“We are proud to have earned the trust of our partners and friends at Maccabi, Amgen, Medison and others who are writing the next chapter in digital health investment with us. We will continue to be highly selective, choosing one out of one hundred evaluated companies. A portfolio company will receive full support including several rounds of funding, strategic connections, and access to its target markets – designed to enable aggressive commercialization,’ said Talor Sax, Managing Partner of eHealth Ventures.
Credit: Source link