Ochsner Ventures, the corporate venturing arm of US healthcare provider Ochsner Health, has created a $10m fund.
The Ochsner Louisiana Innovation Fund will invest in health startups based in the US state of Louisiana that work on healthcare provision and digital transformation. It will target companies at the seed stage.
The fund is a partnership between Ochsner Health and Louisiana Economic Development, a public body receiving US government subsidies to promote small businesses. Its first investment is in Nest Health, a provider of family healthcare plans.
Since launching in 2022, Ochsner Ventures has invested in Hippo Technologies, which develops wearable devices for virtual healthcare provision. In July, it took part in the series B funding round for Calapath, a medical robotics company.
Over the past six years, parent company Ochsner Health has invested $12m in Louisiana-based funds and healthcare companies.