US-based venture capital firm Launchpad Digital Health reached a second close of undisclosed size for its second fund on Tuesday, with law firm Wilson Sonsini Goodrich & Rosati among the limited partners.
LDH Ventures II’s LPs also include the corporate VC arm of an undisclosed insurance firm as well as business management firm Spectra Management Advisors and unnamed institutional investors.
Founded in 2013, Launchpad Digital Health invests in early-stage digital health technology developers. LDH Ventures II will focus on seed-to-series B deals with the possibility of follow-on funding.
The vehicle has already made four investments, backing virtual reality paediatric tool provider Smileyscope, healthcare insurance management platform Patch, medical enterprise software supplier Limelight Health and Hint Health, the developer of a primary care management system.
Launchpad’s co-founder and general partner, Fred Toney, said: “The future health of the population will include many new technologies and software-as-a-service platforms that enable an easier, faster and a more streamlined patient, provider or payer experience in a continuously monitored environment.
“To fund and build these technologies requires a great team and strong operating experience. We are grateful for our team and partners who help our companies in this process immensely.”
