Sheba Medical Center, the Israel-based hospital and medical complex also known as Tel HaShomer, is looking to raise up to $45m a strategic investment fund managed by venture capital firm Triventures.
Triventures Arc, the corporate venturing arm of Sheba Medical Center’s Arc Innovation Center, will make seed-stage investments in what the firm describes as ‘data-driven transformational health’ companies.
Targeted areas include smart medical devices, healthcare-focused cybersecurity technology and virtual hospitals, as well as startups applying big data and artificial intelligence to healthcare.
Sheba launched Arc Innovation Center in December 2018 to help scientists, startups, developers and corporate partners collaborate with investors on technologies such as precision medicine, big data and mobile health.
Triventures Arc’s portfolio companies will receive access to Sheba’s enterprise data warehouse, as well as access to its clinicians, researchers and patients.
The hospital said it has formed strategic partnerships with stakeholders including internet technology provider Google, pharmaceutical firms Novartis and Johnson & Johnson, electronics and healthcare equipment maker Philips and accountancy and consulting firm Deloitte.