Who are the most active early-stage investors in digital health?
Who are the most active early-stage investors in digital health?
We compiled a short-list so you don't have to
One of my personal goals for the year has been to pull together a list of super active pre-seed and seed funds in digital health. It’s something that I’m regularly asked about by founders who are at the napkin stage (or a bit beyond it) and are looking to raise some capital. But rather than build this for internal purposes - the original intention - I realized that there’s a general need for this kind of info in the broader community.
So I’m putting it out there!
Before we go any further, I’ll note a few caveats:
There are plenty of funds like mine - OMERS Ventures - that are primarily focused on Series A and beyond, but do make a small number of investments per year in seed and pre-seed. I did my best not to include those in the list. If you’re looking for capital, please reach out to these funds as they can be fantastic longer-term partners - and if they don’t come in at this round, they may well do so for the next (note: I made an exception for a few multi-stage funds that are very active in seed and marked them with a *).
I will be updating this list semi-regularly so if you feel you should be on here, please drop us a line here and fill out the form. I know I have a lot more great funds to add so I fully intend for this to be an evolving project.
I granted bonus points to investors that focus on digital health, versus those who do a deal every few years for the sake of diversification.
This list is U.S. focused but next up, I will work with the European team on a version of this list for European pre-seed and seed funds. I will also do a follow-up on top angel investors in digital health with a more global focus.
* refers to funds that frequently flex up to lead Series A rounds & beyond
And in no particular order…
Rock Health
Responses via General Partner Bill Evans
What’s your typical check range? $500k-$5m
What areas of digital health do you invest in? And don’t invest in? “Software and data driven business models in healthcare. We don't invest in services, drugs, or pure-play Dx / medical devices”
What’s the number 1 thing you look for when it comes to deals? “I look at the founders first: People with unmatched drive to succeed, the confidence to handle adversity, and the humility to learn quickly”
What’s the fund’s secret sauce? “We're more than investors: We're market makers. Rock Health Capital invests in early stage innovators while our sister firm, Rock Health Advisory, sits alongside the fund helping Fortune 500 clients develop digital health innovation strategy. No one else has Tom Cassels!”
How many deals does the fund do in a given year? 4-5
Who’s the best person to contact for an initial reach out? venture@rockhealth.com, bill@rockhealth.com
A few notable deals? Omada Health, Collective Health
7wireVentures *
Responses by 7wire Partner Alyssa Jaffee
What’s your typical check range? $4-6m
What areas of digital health do you invest in? And don’t invest in? “We invest in companies empowering Informed Connected Health Consumers – helping people to become better stewards of their own health”
What’s the number 1 thing you look for when it comes to deals? “Amazing leaders”
What’s the fund’s secret sauce? “We are all healthcare operators. We’ve done it before and get in the trenches with our founders to help them build.”
How many deals does the fund do in a given year? 2-4
Who’s the best person to contact for an initial reach out? tunde@7wireventures.com
A few notable deals? Livongo and Caraway
Healthy Ventures
Responses by Healthy Ventures co-founder Anya Schiess
What’s your typical check range? $1-3m
What areas of digital health do you invest in? And don’t invest in? “We invest in every area of digital health except for therapeutics and straight healthcare services (but we do invest in tech-enabled services)”
What’s the number 1 thing you look for when it comes to deals? “#1 thing - Team. At the early stages, the ideas change, the markets change, so the team needs to be great and able to adapt”
What’s the fund’s secret sauce? “Bringing a pure healthcare and a pure tech operating & investing backgrounds together to understand, develop, and partner with great founders.”
How many deals does the fund do in a given year? 4-5
Who’s the best person to contact for an initial reach out? pitch@healthy.vc
A few notable deals? Season Health and Concert Health
Out of Pocket Health
Responses via founder Nikhil Krishnan
What’s your typical check range? $25k-$100k
What areas of digital health do you invest in? And don’t invest in? “Generally invested in these areas - I won't invest in medical devices/biotech and generally won't invest in point solutions selling to hospitals/insurers”
What’s the number 1 thing you look for when it comes to deals? “That the team’s skill-set matches the problems that company is going to face”
What’s the fund’s secret sauce? “Utilizing all parts of the Out-Of-Pocket ecosystem for teaching, recruiting, and marketing”
How many deals does the fund do in a given year? 8-10mo
Who’s the best person to contact for an initial reach out? Nikhil Krishnan (nkrishnan92@gmail.com)
A few notable deals? Turquoise, Yuvo Health
Virtue VC
Responses from founder Sean Doolan
What’s your typical check range? $500k-$1m
What areas of digital health do you invest in? And don’t invest in? “We only invest in the ‘business of care’ which we see comprised of the 3D’s: the data, dollars, and delivery of care & we don’t do traditional life sciences & therapeutics, medical device or biotech”
What’s the number 1 thing you look for when it comes to deals? “Earned insight into strong market pull of large, inevitable markets”
What’s the fund’s secret sauce? “Our focus — we exclusively partner with pre-seed & seed healthcare founders. Period. As such, our entire investment strategy, founder services, network relationships and other proprietary knowledge / resources are designed to uniquely support healthcare founders in the first 12-24 months of building their business”
How many deals does the fund do in a given year? 8-12
Who’s the best person to contact for an initial reach out? Sean Doolan (sd@virtuevc.com)
A few notable deals? Nomi Health, Evvy
Flare Capital Partners *
Responses via Principal Investor Margaret Malone
What’s your typical check range? $100k-$10m
What areas of digital health do you invest in? And don’t invest in? “We invest in healthtech and related healthcare services”
What’s the number 1 thing you look for when it comes to deals? “Team”
What’s the fund’s secret sauce? “Deep relationships with health care strategics”
How many deals does the fund do in a given year? 5-10
Who’s the best person to contact for an initial reach out? Margaret Malone
A few notable deals? Bright Health, Iora Health
Lerer Hippeau
Responses via Operating Partner Stephanie Manning Cohen
What’s your typical check range? $500k-$2m
What areas of digital health do you invest in? And don’t invest in? “We invest in all areas of digital health and are happy to look at various companies in the space”
What’s the number 1 thing you look for when it comes to deals? “We like to say that we're looking to invest in ‘good people with great ideas’ - our community is strong and bringing in founders who will contribute positively (with their outlook and business ideas) is important to us”
What’s the fund’s secret sauce? “We're operators ourselves, so we've been there before and know how to give our founders more of what they actually need from investors and less of what they don't. We invest in companies early and stay late - we're in our founders' corners for the long haul. And, though we invest in companies from all over the country, we are at home in New York, so we're drawn to founders to embody New York's signature audacity, endurance, and winning mindset. We unlock New York for those founders because it's the best place in the world to build a business”
How many deals does the fund do in a given year? 20-25
Who’s the best person to contact for an initial reach out? Graham Brown, Partner at Lerer Hippeau
A few notable deals? K Health, Vibe Bio
RH Capital
Responses via Principal Alice Zheng
What’s your typical check range? $250-1m for an initial check with reserves for follow on checks
What areas of digital health do you invest in? And don’t invest in? “We are a women's health focused fund across the life sciences, digital health, health services and consumer. We invest in digital health companies with a women's health focus”
What’s the number 1 thing you look for when it comes to deals? “Ability to address significant unmet needs in women's health”
What’s the fund’s secret sauce? “Deep expertise in women's health”
How many deals does the fund do in a given year? 6-8
Who’s the best person to contact for an initial reach out? Thomya Goode
A few notable deals? Ovia, Nurx
Vive Collective *
Responses via Partner Cheryl Cheng
What’s your typical check range? $5-$20m
What areas of digital health do you invest in? And don’t invest in? “Don't invest in digital therapeutics that are pre FDA approval, devices that require high capex or manufacturing costs, pure services businesses”
What’s the number 1 thing you look for when it comes to deals? “Large SAM that can sustain a $100M ARR business one day”
What’s the fund’s secret sauce? “Market access partnerships and rolodex”
How many deals does the fund do in a given year? 3-4
Who’s the best person to contact for an initial reach out? Cheryl Cheng (cheryl@vivecollective.com) or Kathy Ku (kathy@vivecollective.com)
A few notable deals? Hello Heart, SamaCare
Looking Glass Capital
Responses via founder Adam Besvinick
What’s your typical check range? $300-500k
What areas of digital health do you invest in? And don’t invest in? “Vertical specialty care, digital therapeutics, healthcare IT / infrastructure; don't invest in hardware, life sciences, biotech per se”
What’s the number 1 thing you look for when it comes to deals? “Deep understanding of and familiarity with the market and major players in the category, likely through prior relevant work experience”
What’s the fund’s secret sauce? “Deep roster of complementary and relevant portfolio companies that can help one another coupled with compounding experience from nearly a decade investing in the space”
How many deals does the fund do in a given year? 12
Who’s the best person to contact for an initial reach out? Adam Besvinick; adam@lookingglass.vc
A few notable deals? Hone Health, Sylvan Health
a16z’s health care team *
Responses via GP Julie Yoo
What’s your typical check range? $1-10m for pre-seed and seed
What areas of digital health do you invest in? And don’t invest in? “Any company building tech platforms that are coming to market as either a horizontal infrastructure play or a full-stack tech-enabled services play. We frequently publish our specific market maps on our blog at a16z.com”
What’s the number 1 thing you look for when it comes to deals? “Uncapped upside if it works!”
What’s the fund’s secret sauce? “Ex-founders backing founders, with an operating platform that creates an unfair advantage for them in the market”
How many deals does the fund do in a given year? 10-12
Who’s the best person to contact for an initial reach out? Justin Larkin (jlarkin@a16z.com)
A few notable deals? Marley Medical, Turquoise Health
OCA Ventures’ healthcare team
Responses via Senior Associate Dana Sun
What’s your typical check range? $1-3m
What areas of digital health do you invest in? And don’t invest in? “We invest in enterprise health IT, tech-enabled services (preference for those that are payer and provider facing, though we also invest in pharma & medtech facing companies). We do not invest in biotech (e.g. drug development), pre-FDA med device companies, or pure direct-to-consumer plays.”
What’s the number 1 thing you look for when it comes to deals? “Exceptional team”
What’s the fund’s secret sauce? “We roll up our sleeves and work alongside our founders. This includes everything from customer discovery to GTM strategy to exits.”
How many deals does the fund do in a given year? 3
Who’s the best person to contact for an initial reach out? Dana Sun (dana@ocaventures.com)
A few notable deals? Regroup Therapy, HealthiPASS, mPulse, Moving Analytics
Susa Ventures *
Responses via health & tech investor Derick En’Wezoh
What’s your typical check range? $1-3m at the seed & pre-seed
What areas of digital health do you invest in? And don’t invest in? “At Susa, we invest broadly in digital health. Areas include care coordination/delivery, data integration/analytics, clinical infrastructure/workflows, and finance operations/insurance. We tend not to invest in pure life science and biotech companies”
What’s the number 1 thing you look for when it comes to deals? “Compelling founders building businesses with compounding moats”
What’s the fund’s secret sauce? “We provide healthcare founders with capital, customers, and community. We are exceptional at helping seed-stage founders raise their Series A with top-tier firms”
How many deals does the fund do in a given year? 20-25
Who’s the best person to contact for an initial reach out? Derick En'Wezoh, MD (derick@susaventures.com)
A few notable deals? Photon, The Wound Co
Greycroft Ventures *
Responses via Investor Tyler Olkowski
What’s your typical check range? ”$1-15MM from our early-stage fund with a growth fund for supporting our founders through to IPO. (Note: For our latest funds, checks under $2MM fit into a separate, streamlined underwriting process.)”
What areas of digital health do you invest in? And don’t invest in? “Our digital health team defines the category broadly - we're excited by any tech-enabled business in the healthcare space, aside from molecules and medical devices. Our priority focus segments include: Healthcare fintech, infrastructure, care delivery, employer benefits, and business models targeting underserved populations. For more on areas we're spending time in recently, see here. We do not invest in molecules or medical devices.”
What’s the number 1 thing you look for when it comes to deals? “We look for teams with domain expertise or lived experience in the space they're building, paired with a commercial mindset and a focus on scaling the business with differentiated unit economics.”
What’s the fund’s secret sauce? “At Greycroft, we leverage our collective VC learnings over 16+ years, productized via our platform team, which includes a full bench of experienced operators for help with GTM, business development, organizational design, talent / recruiting, marketing, and technology & data science. We have a ‘go-anywhere mentality’ from a geography standpoint, given our dual-HQ (NYC and LA) from Day 1, and believe deeply in the benefit of diverse perspectives with a values-first orientation.”
How many deals does the fund do in a given year? "5-8 digital health investments per year (split between Seed and Series A)"
Who’s the best person to contact for an initial reach out? Tyler Olkowski (tyler.olkowski@greycroft.com)
A few notable deals? “Thirty Madison, HealthVerity, and Eden Health. Additional digital health investments can be found here.”
Menlo Ventures *
Responses via Partner Greg Yap
What’s your typical check range? For seed, typical check is $2.5M with range from $500K-$4M
What areas of digital health do you invest in? And don’t invest in? SaaS/digital infrastructure for healthcare and life science and novel digital-enabled care models
What’s the number 1 thing you look for when it comes to deals? “Their ability to get paid for the value they create, both in the world we live in (mostly fee for service) and in the world we want (mostly value based)”
What’s the fund’s secret sauce? “My goal is to be the board member I would have wanted as an entrepreneur. Menlo is collaborative, and we work together as a team in support of our companies. We are multi-disciplinary, and we understand software, life science, and healthcare”
How many deals does the fund do in a given year? “We don't have a target number, but probably 2-4 digital health seed investments per year. We are active investors who typically take board seats and invest time and experience as much as money in support of our companies”
Who’s the best person to contact for an initial reach out? Founders can reach out to me - always better to get a warm intro
A few notable deals? H1, Riva, Ophelia
Define Ventures *
Responses via founder Lynne Chou O’Keefe
What’s your typical check range? $1-20m
What areas of digital health do you invest in? And don’t invest in? “We look at all areas of digital health”
What’s the number 1 thing you look for when it comes to deals? “Strategic Vision to Build a Meaningful Company”
What’s the fund’s secret sauce? “We look to Define partnership”
How many deals does the fund do in a given year? No set number
Who’s the best person to contact for an initial reach out? Lynne O'Keefe (Lynne@definevc.com) or Hong Truong (hong@definevc.com)
A few notable deals? Our previous partners include Livongo, HIMS and Unite Us
General Catalyst *
Responses via Investor Mo Punjwani
What’s your typical check range? “We have tremendous flexibility in check size, prefer to lead, and seek ownership that is commensurate with how active we are as investors. We help to build companies (which we call "hatching"), or invest from seed to pre-IPO”
What areas of digital health do you invest in? And don’t invest in? “General Catalyst is thesis-driven and invests broadly in healthcare across software, services, and life sciences. Everything is centered around our Health Assurance vision – creating a resilient system that is value-oriented and enhances quality, access, equity, and affordability”
What’s the number 1 thing you look for when it comes to deals? “Passionate founders seeking to build enduring businesses.”
What’s the fund’s secret sauce? “Our Health Assurance Network is leading the evolution from a ‘sick care’ system to a resilient, proactive system designed to help people stay well, bend the cost curve, and make quality care more affordable and more accessible to all”
How many deals does the fund do in a given year? “It varies year to year. There have been more than 30 investments made in health tech companies since the first Health Assurance Fund was launched in April of 2021”
Who’s the best person to contact for an initial reach out? Holly Maloney, Managing Director (holly@generalcatalyst.com) or Mo Punjwani, Associate (mpunjwani@generalcatalyst.com)
A few notable deals? For seed: Flexpa and Lottie
Town Hall *
Responses via GP David Whelan
What’s your typical check size? From as little as $500k in a Seed where we see a good opportunity to continue following on over time, through to $20M growth checks or more.
What areas of digital health do you invest in? And don’t invest in? “ tech and tech enabled services - esp those solutions that focus on vulnerable and underserved populations, which often include Medicare and Medicaid, but frankly includes Commercial from access perspective, think BH, SUD etc. We have a ton of experience in value based care solutions: Advanced Primary Care, BH, SUD, Kidney, Maternity and anything touching the social influences of health. We do not do therapeutics, or med device.”
What’s the number 1 thing you look for when it comes to deals? “Alignment with our focus. Why? Because that is where THV has an unfair advantage v other venture firms. It is where we are a force multiplier for our entrepreneurs and companies. We accelerate and de-risk the execution of the entrepreneurs plans. We become their thought partner, problem solver (and) force multipler”
What’s the fund’s secret sauce? “We have been entrepreneurs ourselves, so we know CEOs need to be maniacally focused on a handful of super high impact things, and we can help with a number of them. Our LP base and focus on vulnerable and underserved populations means that we can provide unique access, navigation, and acceleration on the enterprise customer side, strong pedigree on talent and building high performing teams, and of course HC policy and payment insight”
How many deals does the fund do in a given year? 5-7
Who’s the best person to contact for an initial reach out? whelan@townhallventures.com – I can then wrap in best people on the team depending on the company's focus
A few notable deals? Plume, Quilted Health
Lux *
Responses via Partner Deena Shakir
What’s your typical check range? “We do everything from pre-seed to pre-IPO, so wide range in check sizes”
What areas of digital health do you invest in? And don’t invest in? “We have a broad portfolio and have invested in everything from digital therapeutics to care delivery to value-based care, software for R&D and more”
What’s the number 1 thing you look for when it comes to deals? “Founder!”
What’s the fund’s secret sauce? “Our hands on, intimate approach -- and each partner has a bit of their own flavor of secret sauce”
How many deals does the fund do in a given year? Dozens
Who’s the best person to contact for an initial reach out? Any investor at Lux
A few notable deals? Alife, Summer Health
Overwater Ventures
Responses by Overwater founder Kristina Simmons Southwark
What’s your typical check range? $100k - $2m
What areas of digital health do you invest in? And don’t invest in? “Most areas that are b2c or b2b2c. There generally needs to be some science or technology advantage. Some areas: women's health, family health, cancer + diseases, neuro, longevity. I don't do anything traditional pharma”
What’s the number 1 thing you look for when it comes to deals? “Amazing team”
What’s the fund’s secret sauce? “Helping founders to turn breakthrough tech or science into scalable businesses people love”
How many deals does the fund do in a given year? 12
Who’s the best person to contact for an initial reach out? kristina@overwater.vc
A few notable deals? Overture Life, Conceive, Fellow, RTHM
Maveron *
Responses by Partner Anarghya Vardhana
What’s your typical check range? $1-10m (co-lead or lead rounds)
What areas of digital health do you invest in? And don’t invest in? “We are a consumer fund so we need the end consumer (in healthcare, patient) to know the brand. They don’t necessarily have to pay (in fact, ideally insurance pays :)) but they have to know the brand. So no hospital software etc.”
What’s the number 1 thing you look for when it comes to deals? “Founder, founder, founder”
What’s the fund’s secret sauce? “ Consumer only for over 2 decades. We understand the customer better than anyone, especially important in healthcare”
How many deals does the fund do in a given year? 5-7 or so
Who’s the best person to contact for an initial reach out? anarghya@maveron.com
A few notable deals? Thirty Madison, ALife
USV
Responses by Managing Partner Rebecca Kaden
What’s your typical check range? $1M-$10M for core fund, $7-25M for opportunity fund
What areas of digital health do you invest in? And don’t invest in? “We look for direct to patient opportunities or opportunities through payers and practitioners that can see network-driven bottom up growth”
What’s the number 1 thing you look for when it comes to deals? “Opportunity for category dominance through building a bottom up network”
What’s the fund’s secret sauce? “Thesis driven approach and collaborative process”
How many deals does the fund do in a given year? ~10 in core fund, ~2-4 in opportunity, 3-7 in climate fund
Who’s the best person to contact for an initial reach out? “Anyone on the usv investment team (usv.com)-we will all get it to the right one of us. You can start with rebecca@usv.com”
A few notable deals? Alife, Brave Health, Nurx/Thirty Madison
Twelve Below
Responses by co-founder Byron Ling
What’s your typical check range? $1-2m
What areas of digital health do you invest in? And don’t invest in? “Software and some services”
What’s the number 1 thing you look for when it comes to deals? “GTM and patient acquisition strategy”
What’s the fund’s secret sauce? “ Small, nimble, early stage focused”
How many deals does the fund do in a given year? 10-12
Who’s the best person to contact for an initial reach out? Byron (byron@twelvebelow.co)
A few notable deals? Papa, K Health, Ro
Initialized Capital
Responses by Partner Parul Singh
What’s your typical check range? $2-5m
What areas of digital health do you invest in? And don’t invest in? “Because of my background as a SaaS engineer / founder, I especially love all things software. We've historically invested everywhere except medical devices and pure pharma”
What’s the number 1 thing you look for when it comes to deals? “Founder quality”
What’s the fund’s secret sauce? “We are all hands-on operators & invest as a team”
How many deals does the fund do in a given year? 6 in healthcare, 20 across whole fund
Who’s the best person to contact for an initial reach out? Parul@initialized.com
A few notable deals? TruePill, Ro, Athletas
Footwork VC
Responses by GP Nikhil Basu Trivedi
What’s your typical check range? $2-9m
What areas of digital health do you invest in? And don’t invest in? “Do: consumer digital health + consumery enterprise; Don't: heavy enterprise”
What’s the number 1 thing you look for when it comes to deals? “Early signs of product-market fit”
What’s the fund’s secret sauce? “Only lead rounds, work closely with founders, concentrated portfolio, not entirely health focused but consumer DNA should help certain digital health companies ”
How many deals does the fund do in a given year? 6
Who’s the best person to contact for an initial reach out? Nikhil Basu Trivedi (nikhil@footwork.vc)
A few notable deals? Heard, Athelas
LRV Health
Responses by Principal Ellen Herlacher
What’s your typical check range? $3-10M
What areas of digital health do you invest in? And don’t invest in? “Do: Digital Health and Healthcare IT; Tech-enabled Services; Devices/Diagnostics. Don’t: Biotech”
What’s the number 1 thing you look for when it comes to deals? “We look for companies that align with the market-driven investment theses we’ve developed alongside our strategic limited partners.”
What’s the fund’s secret sauce? “Our network of strategic limited partners includes a diverse set of provider, payer and large vendor organizations that together touch half of all healthcare consumers in the U.S. While these organizations are investors in our funds, our relationships with them extend far beyond finance and treasury and include very close, working relationships at an operational level that guide our thesis-driven approach to investing. We develop equally close working relationships with startups in our portfolio, and bring our SLPs and the entrepreneurs we work with together to drive transformation.”
How many deals does the fund do in a given year? 4-6
Who’s the best person to contact for an initial reach out? Ellen Herlacher (eherlacher@lrvhealth.com)
A few notable deals? IntelyCare, Season Health
Pear VC
Responses by Partner Vivien Ho
What’s your typical check range? $0.5-3M
What areas of digital health do you invest in? And don’t invest in? “Do: Infrastructure, Women's Health, Healthcare Fintech, Value-based Care, AI technology, and more.”
What’s the number 1 thing you look for when it comes to deals? “We look for founder market fit and a desire to tackle a large market.”
What’s the fund’s secret sauce? “Built by former founders and provide a Talent Services team which helps teams hire 2-3 first engineer and business hires. Pear's investment team has founded 10 companies and supports founders from 0 to product market fit.”
How many deals does the fund do in a given year? 30
Who’s the best person to contact for an initial reach out? Vivien Ho (vivien@pear.vc)
A few notable deals? Osmind, Viz.AI
JAZZ Venture Partners
Responses by Principal Amanda Way
What’s your typical check range? $0.5-25M
What areas of digital health do you invest in? And don’t invest in? “Do: Sustainable Well-being (Consumer and B2B approaches that improve human performance throughout the lifespan from early childhood to aging-in-place) and Digital Medicine (Clinically validated software therapeutics validated by randomized clinical trials, regulated by the FDA, prescribed by physicians, and reimbursed by insurance). Don’t: Traditional pharma (we’re more interested in tech driven biology).”
What’s the number 1 thing you look for when it comes to deals? “An exceptional team tackling a market with great potential!”
What’s the fund’s secret sauce? “The JAZZ team is unique and cross-disciplinary, having deep expertise in neuroscience, technology, healthcare, media, and finance. Virtually all of us have been operators and built venture backed startups before, and we continue to love nurturing company formation projects within the firm. Having symbiotic skills across technology, (health, bio or media, etc), and enterprise, we get most excited about investments at meaningful convergence points across these areas.”
How many deals does the fund do in a given year? 10
Who’s the best person to contact for an initial reach out? Amanda Way (amanda@jazzvp.com)
A few notable deals? Woebot Health, Applied VR, OMA Fertility
.406 Ventures
Responses by Principal Kathryn Reddy
What’s your typical check range? $3-8M
What areas of digital health do you invest in? And don’t invest in? “Do: B2B software and tech-enabled services. We don’t invest in any direct-to-consumer businesses (some of our companies may start that way, but quickly pivot to enterprise business models). We also don’t invest in med devices, diagnostics, therapeutics, or anything that goes through an FDA pathway.”
What’s the number 1 thing you look for when it comes to deals? “Mission-driven founders solving critical healthcare challenges while creating clear (and ideally quantifiable) value for their customers.”
What’s the fund’s secret sauce? “We seek to be true partners to entrepreneurs and work hard to be helpful, honest, and responsive. Our thesis-driven investment approach means that we only invest in companies in areas where we have the relationships, resources, and expertise to be helpful. Our philosophy is that if we’re a founder’s first call for guidance in tough times, we’ll earn the first call when starting his or her next great company.”
How many deals does the fund do in a given year? 8
Who’s the best person to contact for an initial reach out? Kathryn Reddy (kathryn@406ventures.com)
A few notable deals? AbleTo, Iora
GSR Ventures
Responses by Partner Sunny Kumar
What’s your typical check range? $0.1-20M
What areas of digital health do you invest in? And don’t invest in? “We primarily invest in on software-driven businesses that bring transformative change to healthcare delivery ranging from direct delivery of care to backend infrastructure platforms. We do not invest in biotech, medical devices, or traditional services.”
What’s the number 1 thing you look for when it comes to deals? “Founders looking to truly transform the healthcare industry.”
What’s the fund’s secret sauce? “All of our investors have deep sector expertise as physicians, entrepreneurs, and technologists, and bring that to the table when we partner with our founders to help them build the best version of their company.”
How many deals does the fund do in a given year? 8
Who’s the best person to contact for an initial reach out? Sunny Kumar (sunnykumar@gsrventures.com)
A few notable deals? Medable, Osso VR
Christina, this is a tremendous resource of great information. Thank you so much!
Thanks very much Christina!