Define Ventures, an SF-based firm focused on digital health startups, raised $460 million for its third flagship fund and first opportunities fund.
The venture capital firm invests in incubation, seed, series A and series B stage startups, and, with roughly $800 million under management, it’s one of the few Silicon Valley firms focused solely on early-stage digital health startups.
Fund III will focus on new investments and Opportunities Fund will support its existing partners, Fierce Healthcare reports.
Define Ventures currently backs 21 companies including women’s health startup Tia, health and wellness brand Hims & Hers, virtual LGBTQ+ care provider Folx Health and mental health company Concert Health.
“The healthcare system is evolving rapidly as multiple healthcare, technology and consumer trends converge, and even with the progress over the last few years, it remains a $4 trillion market opportunity that desperately needs greater digital transformation,” said Lynne Chou O’Keefe, founder and managing partner at Define Ventures. Read more.
