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After Livongo win, pressure is on 7wireVentures' second fund

After Livongo win, pressure is on 7wireVentures second fund
After Livongo win, pressure is on 7wireVentures second fund
Libby Greene/ Nasdaq, Inc.
Tuesday s announcement of 7wireVentures second fund raises the question of whether the digital health venture capital firm can deliver another slam dunk akin to its early investment in Livongo, which exited to the tune of $18.5 billion.
The Chicago-based firm has raised $150 million in its second fund, dubbed the Connected Consumer Fund, and expects to deploy the money to roughly a dozen companies over the next 3 years. It has already named its first two picks: Transcarent, a tool for self-insured health plan members, and Jasper Health, a care navigation platform for cancer patients. ....

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ConsejoSano Raises $17 Million in Series B Funding To Support Technology-Based Solutions That Help Reduce Health Disparities Among Multicultural Populations

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NORTH HOLLYWOOD, Calif., Dec. 15, 2020 /PRNewswire/ ConsejoSano
, Inc., a fast-growing healthcare technology company, which delivers culturally-centric and technology-based solutions designed to close the gap in multicultural patient care, announced the closing of $17 million in a Series B funding round led by Magnetic Ventures. Additional investors include The American Heart Association/Bernard J. Tyson Impact Fund, DaVita Venture Group, Salesforce Ventures, NBA All-Star Victor Oladipo, as well as existing institutional investors 7wireVentures, Impact Engine, Tufts Health Plan, and Wanxiang America. The total raised is $24 million to date.
According to the National Academies of Science, Engineering and Medicine, health disparities for racial and ethnic minorities in the United States take on many forms, including higher rates of chronic disease and premature death compared to the rates among whites. The organization states that racial and eth ....

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