7wireVentures, a Chicago, IL-based digital health venture capital firm, launched $217M Growth & Opportunity “GO” Fund.
The fund will support later stage investments in companies from existing portfolios and will explore new opportunities.
Founded over a decade ago by serial entrepreneurs Glen Tullman and Lee Shapiro, 7wireVentures is a venture capital firm investing in early-stage digital health companies supporting an “Informed Connected Health Consumer” – the core of a consumer-first, tech-enabled convergence of the health and care markets.
7wireVentures has built a portfolio of 23 companies and a strategic coalition of more than a dozen healthcare organizations, together impacting the health and care of millions of Americans. Joined by Partners Robert Garber and Alyssa Jaffee, the firm provides sector and operational experience, and deep industry relationships driving enhanced growth across the firm’s portfolio.
Joining veteran Operating Partner David Schonthal, 7wire recently added Tom Richards, previously SVP and Global Lead of Strategy and Business Development at The Cigna Group, and Dan Michelson, previously CEO of Strata Decision Technology.
The firm has already completed three investments out of the GO Fund, including current portfolio company, NOCD, a specialty mental illness company focused on obsessive compulsive disorder, FOLX Health, a virtual healthcare platform which addresses the needs of the LGBTQIA+ community, and Parsley Health, a specialized virtual clinic designed to help complex chronic patients get better and feel better while reducing total cost of care.
The closing of the fund brought the firm’s AUM to over $500M.
FinSMEs
04/10/2023