Chicago-based venture-capital firm 7WireVentures has raised a $100 million fund that will invest in health startups developing consumer-focused technology. The firm, founded in 2011 by former Allscripts Healthcare Solutions Inc. executives Glen Tullman and Lee Shapiro, prefers to make early-stage investments as the lead investor at around $3 million to $5 million each deal. 7WireVentures...
Venture capital firm 7WireVentures has raised $ 100 m to back consumer - focused health technology start - ups . The company generally makes early - stage investments as the lead funder , injecting $ 100 m to $ 200 m per deal . It has also teamed up with eight health organisations including Bon Secours Health System , Cigna and some BlueCross BlueShield branches . Managing investor Lee Shapiro said the company 's strategy comes amid increasing investment in digital technologies but many firms struggle with growth . Investing early can serve as a " living factor " to boost productivity , Shapiro said .