Cigna, a Bloomfield, Conn.-based global health service company (NYSE: CI), launched Cigna Ventures, a $250m corporate venture fund focused on transformative and innovative health care companies.
Cigna Ventures will invest in startups and growth-stage companies that are creating new growth possibilities in healthcare and will bring improved care quality, affordability, choice, and simplicity to customers and clients.
The venture arm is focused on companies across three strategic areas:
– insights and analytics;
– digital health and retail; and
– care delivery/management.
The fund builds on Cigna’s existing venture activity, including collaboration with five venture capital partners and an equal number of existing direct investments. These include leading the C1 round of financing with Omada Health, investments in Prognos, Contessa Health, MDLIVE and Cricket Health.
Cigna Ventures is a wholly owned indirect subsidiary of Cigna Corporation (NYSE: CI).
FinSMEs
12/09/2018