CVS Health (NYSE: CVS), a Woonsocket, R.I.-based diversified health services company launched CVS Health Ventures, a dedicated corporate venture capital fund.
CVS Health Ventures will invest in and partner with high-potential, early-stage companies focused on making health care more accessible, affordable, and simpler.
The fund will initially launch with $100 million allocated for investments and will focus on companies with the potential for technology-enabled innovation and disruption in digital health care that are anchored in CVS Health’s core strategy.
CVS Health Ventures will build relationships with early-stage companies via investment as well as by offering expertise and insights from CVS Health’s perspective.
Karen S. Lynch, President and CEO, CVS Health has already made more than 20 direct investments through the CVS and Aetna businesses. Current investments include Unite Us, a technology platform that connects health care and social services providers, and LumiraDx, an innovative point-of-care diagnostic platform.