Longitude Capital has announced it has closed its fourth fund with $585 million in capital commitments....By: McGuireWoods LLP. : Longitude Capital has announced it has closed its fourth fund with $585 million in capital commitments. The new fund -- Longitude Venture Partners IV -- will invest in biotechnology, medical technology and health solutions companies. Longitude Capital, with offices in Menlo Park, Calif., Greenwich, Conn., and Boston, is a healthcare venture capital firm. Founded in 2006, the firm invests in privately held and publicly traded companies through a variety of investment approaches.
The company continues to expand its clinical services and advance its technology to better service patients most in need NEW ORLEANS, September 16, 2020-- Ready, an on-demand healthcare service, today announced that it closed $54 million of new funding to finance the expansion of its operations and clinical programs that bring medical care directly to patients in their homes. GV, Deerfield Management Company, City Light Capital, Town Hall Ventures, Frist Cressey Ventures and others have invested over $100 million across two funding rounds in less than a year.
Healthcare is one of the largest sectors of the economy, both in the United States and globally. But it has lagged in terms of venture capital investment relative to the industry's size and potential for disruptive innovation.
Truepill, an online pharmacy powering delivery for direct-to-consumer healthcare brands, announced Wednesday (Sept. 9) that it closed on a $75 million Series C funding round. The San Mateo, California-based company said the cash will be used to introduce an at-home lab testing platform. The new service is expected to expand Truepill's direct-to-patient capabilities. Connecticut-based healthcare and FinTech [...]
Healthcare has finally discovered the internet, and venture capital and private equity are taking notice. For decades, healthcare has cited privacy concerns as the reason for siloed and antiquated back-office systems, but those days are gone.
Point72 Ventures has announced the launch of a new investment team focused on healthcare....By: McGuireWoods LLP. : The team will invest globally in early-stage founders. The effort will be led by healthcare investor Scott Barclay. Point72 Ventures, based in San Francisco, is an early-stage venture capital firm that primarily invests in healthcare and other technologies. It is backed by Steve Cohen. DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
The fund will back medical devices, innovative medicine, and biological product startups, among others. The post China's healthcare-focused investor Huaige Capital closes $43m third fund appeared first on DealStreetAsia.
Tech companies and manufacturing capabilities have quickly pivoted and responded with the development of COVID-19 tests, genomic tracking of cases and innovation in vaccination technology.
Jim Momtazee, a former dealmaker at U.S. buyout firm KKR & Co Inc , has launched his own firm to pursue private equity deals in the healthcare sector.
On August 5, telehealth giant Teladoc struck an $18.5 billion deal to buy Livongo, a chronic-care company. The record deal is sending shockwaves through an industry that analysts say is ripe for more mergers and acquisitions. Business Insider asked 10 venture capitalists and analysts about the impending consolidation in digital health. They listed 10 startups in mental health, drug research, telehealth, and more that are likely to be acquired or make deals of their own soon. For more stories like this, sign up here for our healthcare newsletter, Dispensed.