Israel-based medical technology fund Alive HealthTech Fund has raised $150m, including $50m from four anchor investors including healthcare provider Carillon Clinics and health maintenance organisation (HMO) Maccabi Healthcare Service, Calcalist has reported.
The other two were Leumi Partners, the investment banking subsidiary of financial services firm Bank Leumi, which put up $10m, and Consensus Business Group, the investment vehicle for entrepreneur Vincent Tchenguiz. Maccabi Healthcare contributed through its Maccabi Fund.
Alive HealthTech is concentrating on growth-stage investments in medical technology developers and intends to lead 10 to 15 rounds by 2024 sized between $10m and $30m, providing $5m to $10m for each company.
The vehicle was formed by Maccabi Healthcare, care provider Assuta and Tchenguiz’s CBG Asset Management firm in partnership with chairman Ascher Shmulewitz and Michel Habib, Tchenguiz’s Israeli representative. The founding partners jointly provided $50m for the fund, according to Calcalist.
The first investments by Alive HealthTech will be disclosed in the next few weeks and its first portfolio company operates in the cardiology space, according to people connected to the fund.
Ari Shamiss, founder and general managing partner of Alive HealthTech, told Calcalist: “Alive is the first fund that is built on the foundation of an active strategic relationship with private hospital chains and an HMO, which set out to provide high quality, cost-effective innovative medical services to patients.”
