Venture capital firm 7WireVentures has raised $$3m to $5mm to back consumer-focused health technology start-ups. The company generally makes early-stage investments as the lead funder, injecting 100 per deal. It has also teamed up with eight health organisations including Bon Secours Health System, Cigna and some BlueCross BlueShield branches. Managing partner Lee Shapiro said the company's strategy comes amid increasing investment in digital health but many firms struggle with growth. Investing early can serve as a "living laboratory" to boost growth, Shapiro said.
Venture capital firm 7WireVentures has raised $100m to back consumer-focused health technology start-ups. The company generally makes early-stage investments as the lead funder, injecting $3m to $5m per deal. It has also teamed up with eight health organisations including Bon Secours Health System, Cigna and some BlueCross BlueShield branches. Managing partner Lee Shapiro said the company's strategy comes amid increasing investment in digital health but many firms struggle with growth. Investing early can serve as a "living laboratory" to boost growth, Shapiro said.