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Auxo Investment Partners Buys Altus Industries

After Livongo win, pressure is on 7wireVentures' second fund

After Livongo win, pressure is on 7wireVentures second fund After Livongo win, pressure is on 7wireVentures second fund Libby Greene/ Nasdaq, Inc. Tuesday s announcement of 7wireVentures second fund raises the question of whether the digital health venture capital firm can deliver another slam dunk akin to its early investment in Livongo, which exited to the tune of $18.5 billion. The Chicago-based firm has raised $150 million in its second fund, dubbed the Connected Consumer Fund, and expects to deploy the money to roughly a dozen companies over the next 3 years. It has already named its first two picks: Transcarent, a tool for self-insured health plan members, and Jasper Health, a care navigation platform for cancer patients.

Transformation fund approaches $10M - Grand Rapids Business Journal

Grand Rapids Business Journal Courtesy The Right Place One year after it was announced, the New Community Transformation Fund has secured $8.5 million from stakeholders looking to invest in Grand Rapids-area companies owned by people of color and is on its way to hitting the $10 million mark. The venture fund NCTF, announced by The Right Place on Jan. 23, 2020, is aimed at boosting businesses owned by people of color in West Michigan, and it is nearing the first organizational milestone of raising $10 million, thanks to an investment of an undisclosed amount from Bank of America announced Jan. 26. The $10 million figure is important, NCTF said, as it is the amount of capital raise necessary for the fund to make its first investments in businesses owned by people of color.

Investment fund aims to ensure Grand Rapids is not 'flyover city for entrepreneurs of color'

Investment fund aims to ensure Grand Rapids is not ‘flyover city for entrepreneurs of color’ Updated Jan 26, 2021; Posted Jan 26, 2021 The New Community Transformation Fund, which is based in Grand Rapids, referenced in this file photo was launched in early 2020. The group announced its fundraising progress in a virtual news conference Tuesday. (MLive file photo) Facebook Share GRAND RAPIDS, MI An investment fund aimed at bolstering minority-owned businesses in West Michigan has raised more than $8.5 million and expects to begin making its first contributions by early summer. The New Community Transformation Fund, which is based in Grand Rapids and launched in early 2020, announced its fundraising progress in a virtual news conference on Tuesday, Jan. 26. In addition to the $8.5 million in committed investments, the fund has $17 million in investments “in the pipeline,” officials said.

Trinity Health, Intermountain, Memorial Hermann behind $300 million private equity fund

Trinity Health, Intermountain, Memorial Hermann behind $300 million private equity fund Tara Bannow, Modern Healthcare Modern Healthcare Illustration / Getty Images Big-name health systems like Intermountain Healthcare, Trinity Health and Memorial Hermann are behind a Nashville-based private equity firm s latest $300 million fund. Heritage Group just closed its third fund almost $100 million larger than its last one and says it will invest the money in healthcare companies tackling the industry s most pressing challenges. Roughly 70% of the $300 million that s been committed comes from health systems and insurers, including Horizon Blue Cross and Blue Shield of New Jersey. Heritage Partner Paul Wallace said that ratio is on par with the firm s prior two funds.