Independent digital health fund heal capital announced it has reached €80 million and is on track for its target volume of €100 million. So far the fund is financed by the German private insurance companies as well as German digital health investors Heartbeat Labs and Flying Health.
“After only a few weeks, many of the Private health insurance companies have already invested in the fund,” said Dr. Florian Reuther, Director of the Association of the German Private health insurances. “The huge interest in heal capital since the announcement encourages us in our approach, that the combination of growth capital and support in accessing the market is exactly what the market needs right now to drive digital innovation in our healthcare system.”
The fund will assist technology-enabled startups in the healthcare market, providing Series A growth capital and market access. This quarter the fund will start operations and bring on Dr. Christian Weiß as partner.
Dr. Weiß worked for McKinsey and was a partner at Creathor Ventures, where he concentrated on healthcare, technology, and equity investments. He commented: “The convergence of healthcare and technology is stronger than ever before, which offers tremendous entrepreneurial and investment opportunities. I’m looking forward to addressing this opportunity with heal capital, having the unique possibility to provide immediate access to key stakeholders in the German healthcare market.”