Health Velocity Capital Closes Maiden Fund, at Over $185M

health velocity capitalSan Francisco, CA and Nashville, TN-based venture capital firm Health Velocity Capital closed its inaugural fund, at more than $185m.

Limited Partners include traditional financial investors, strategic investors as well as top executives from across the industry.
Collectively, these investors represent organizations that insure more than 140 million Americans, operate almost 300 hospitals, provide software and technology to every major health system in the United States, and provide pharmacy and PBM services to more than 75% of the nation.

Led by partners Bruce Crosby, Marty Felsenthal, and Saurabh Bhansali, Health Velocity Capital will be invested in innovative healthcare software and services businesses that contribute to a more affordable, sustainable, consumer-friendly US healthcare system.

The fund’s initial investments include:
– Contessa Health: a provider of hospital at home services.
– Infusion Express: a consumer-centric operator of outpatient infusion centers serving patients with chronic conditions on high-cost specialty biologics.
– MDLIVE: a telehealth company serving more than 27 million Americans.
– OnShift: a provider of Human Capital Management and staff scheduling software to the senior care sector.
– Spero Health: a provider of outpatient medication assisted treatment (MAT) centers providing therapy to individuals suffering from opiate substance use disorder.

Together with its investment in OnShift, the firm has more than $200 million in assets under management.

FinSMEs

09/11/2018

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