Israel-based healthcare venture capital firm Triventures has secured more than $20m for a VC vehicle that will be operated in partnership with care provider Chaim Sheba Medical Center, Calcalist has reported.
Triventures ARC has a $40m target for its final close and will target digital health and medical technology developers. Priority areas include personalised healthcare, smart medical devices, medical accessibility and healthcare-focused big data, artificial intelligence and cybersecurity technology.
Founded in 2016, Triventures has $150m in assets under management and its backers include corporates Koninklijke Philips, Cardinal Health, Johnson & Johnson, Nikon, Samsung, Medtronic, Boston Scientific, Abiomed and Edwards Lifesciences.
The new fund has already invested in medical data analytics startup Lynx.MD and has several other deals under consideration. In addition to funding, portfolio companies will gain networking opportunities, industry resources and access to Chaim Sheba’s digital medical data.