New enterprise agency launches with $21M to put money into digital well being

Create Well being Ventures, which is able to give attention to investing in payer- and pharma-facing early-stage digital well being corporations with founders with expertise within the healthcare trade, introduced its launch after closing its first fund of $21 million. 

The VC agency will put money into startups providing B2B platforms centered on payers and pharmaceutical corporations that intention to enhance affected person engagement and the affected person care journey, together with by way of medical trial recruitment and retention.

“We’ve heard firsthand from payers, suppliers and pharmaceutical corporations that their enterprise targets are to raise the affected person expertise, facilitate higher well being outcomes and enhance entry to take care of all, particularly these with well being disparities,” mentioned Emma Cartmell, cofounder and managing companion of Create Well being Ventures, in a press release.

“We all know that founders from the healthcare trade intimately perceive how one can meet these challenges leveraging expertise, and supporting them is essentially the most highly effective manner that we are able to make investments and, in flip, positively affect the healthcare trade.”

THE LARGER TREND

Different enterprise corporations which have emerged previously yr centered on funding digital well being corporations embody Amboy Avenue Ventures, which launched in 2023 after closing a $20 million fund to put money into ladies’s well being and sexual wellness. 

Earlier this yr, well being tech investor and Transcarent CEO Glen Tullman launched a brand new $100 million enterprise fund referred to as 62 Ventures. The brand new fund will put money into startups exterior his current fund 7wireVentures’ strict digital well being focus. 

62 Ventures will give attention to schooling, well being and care environmental sustainability, in addition to different industries.

Final yr, Tullman’s 7wireVentures launched its largest fund to this point, closing a $217 million fund, bringing its belongings underneath administration to $500 million. 

The agency mentioned one-third of the funding would go towards Collection B and Collection C funding that weren’t already part of the VC agency’s portfolio.