US-based digital health accelerator Rock Health has announced it has raised its third and largest seed fund, with backing from the corporate venturing vehicle of healthcare company Kaiser Permanente.
Kaiser Permanente Ventures co-led the fundraising with venture capital firm Bessemer Venture Partners, while VC firms Kleiner Perkins Caufield & Byers and Great Oaks Ventures, and investment firm Montreux Equity Partners also invested in the fund.
The size of the fund has not been disclosed, though its increased size means Rock Health will also boost the size of its investments from up to $100,000 to up to $250,000. Previous partners have included conglomerate General Electric, apparel maker Nike and healthcare research organisation Mayo Clinic.
In a statement Rock Health said: “Every single one of the investors involved in our third fund shares our mission to make a massive impact in healthcare and is committed to finding the companies that will deeply transform the industry,”
Rock Health’s portfolio companies, which include Lift Labs, the medical device maker acquired by internet company Google in September, have raised over $200m in funding in under three years. Rock Health has 55 active investments. Applications for the latest fund will be open until 20th November.