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MedCity News
CVS launches $100M venture fund
The company launched CVS Health Ventures, a corporate venture fund that will make early investments in healthcare startups. It will start with a $100 million fund.
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CVS Health is creating a new corporate venture fund. Called CVS Health Ventures, it will launch with $100 million.
To start, the fund will focus on investing in early-stage startups that could benefit from a strategic relationship with CVS, including its thousands of stores, and customers of Aetna and Caremark. CVS’ leadership also emphasized consumer-facing innovations in a press release issued Thursday.
“Consumers deserve a better health experience, one that puts them at the center of cutting-edge, digitally enabled solutions,” CVS President and CEO Karen Lynch said in a news release. “Forming CVS Health Ventures will build on our successful track record of scaling innovation and driving change in health care.”
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