StartUp Health recently closed its second fund, raising $31 million from Novartis, Ping An Group, Chiesi Group, GuideWell, Otsuka, Masimo, and others. The funds will go toward investing in companies that StartUp believes will help achieve its ten “health moonshots,” which include lofty health care goals such as zero cost care and ending cancer.
Some of the new funding has already been into invested into companies like Analytics, CareDox, Doctor.com, Fit4D, Human Longevity Inc., and Zeel. Previously, StartUp’s first fund included 100 digital health companies. To date, StartUp Health has the world’s largest portfolio of more than 250 digital health companies, as well as a global network of more than 200,000 investors, consumers, and partners.
Since 2011, StartUp Health has been investing in a global army of entrepreneurs—who they refer to as Health Transformers—to solve 10 Health Moonshots: Access to Care, Cost to Zero, Cure Disease, End to Cancer, Women’s Health, Children’s Health, Nutrition & Fitness, Brain Health, Mental Health and Happiness, and Longevity. StartUp Health leverages the reach of its modern media platform to connect Health Transformers with each other, and all of the people who matter most to their success: partners, consumers, investors, and caregivers.
This was reported by Health Transformer on September 25, 2018.