Hooks Johnston and Pete Jobse have been named managing directors. Investor, entrepreneur, and executive Hooks Johnston comes to Inova from Valhalla Partners, a venture vapital fund he co-founded and where he was a General Partner. Valhalla Partners manages two funds totaling $440M, and has invested in 43 companies.
Pete Jobse was most recently CEO of the Center for Innovative Technology, whose GAP Fund made 135 seed stage investments. He created and led the MACH37 Cyber-Accelerator, the first cyber security focused accelerator in United States.
Inova Strategic Investments will invest in healthcare venture funds and will also invest directly into companies aligned with Inova’s strategic priorities as part of its vision to be a global leader in the delivery of personalized health. These strategic priorities include advanced analytics, innovations in safety, quality and clinical practices, and advances in information technology.
The IPHA will host six to eight companies per year and provide education and capital to entrepreneurial companies. These companies will be working with Inova in order to drive the development of personalized health innovations to predict, prevent, and treat disease.
Both the IPHA facility and Inova Strategic Investments will be located at the new Inova Center for Personalized Health.