Provident Healthcare Ventures, LLC, has launched its $25m maiden fund that will focus on investing in early-stage healthcare services companies.
The Principals Fund I includes both an incubator for early-stage start-up funding, as well as more traditional seed funding for larger investments and more mature operating companies. Investments will range from $250,000 to $3m, focusing on a number of growing healthcare services sectors, including to homecare, hospice, specialty/institutional pharmacy, infusion therapy, and disease and therapy management.
The vehicle will also provide follow-on capital to portfolio companies.
Provident’s goal is to invest in at least three to six companies per year also providing working capital, business development, legal, accounting, clinical, compliance, and operational assistance.
Provident Healthcare Ventures is based in Boston, Massachsetts.