Canadian healthcare and technology company WELL Health Technologies will now invest in early-stage digital health companies through the formation of WELL Ventures, Mobile Health News reports.
The new investment firm is a wholly owned subsidiary of WELL with a focus on backing startups that create practitioner enablement tools and technologies, especially those in Canada.
In addition to capital, an investment from WELL Ventures includes a strategic alliance or collaboration agreement that gives portfolio companies access to WELL’s own technology and healthcare products. The firm will also offer guidance to its portfolio companies to support their growth.
A number of other medical device and digital health companies also have venture funds, including Dexcom, Boston Scientific and Medtronic. Read more.
