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OurCrowd Announced November 1 2016 a Digital HealthFund Qure. It is the first exclusively focused digital health fund: The fund will focus on Seed and Series A rounds investing in innovative digital health startups. The fund is dedicated to the rapidly developing digital health market valued globally at $70 billion US in 2015 and projected to be over $230 billion US by 2020.

OurCrowd Qure has established a collaboration with Johns Hopkins University to provide validation of value. “We are excited about the opportunity to collaborate with OurCrowd to bring new companies and novel ideas to market,” said Christy Wyskiel, Senior Advisor to the President and head of Johns Hopkins Technology Ventures. “We feel these companies will enrich the innovation ecosystem in and around Johns Hopkins.”

The fund will be led by managing partners Allen Kamer and Dr. Yossi Bahagon.  Kamer was co-founder of Humedica, a transformative population health and analytics company, which was acquired by UnitedHealth.  Most recently, Kamer served as the Chief Commercial Officer of Optum Analytics (a division in Optum, UnitedHealth Group’s health services company), a position he assumed following the acquisition.  Previously, he was a director at the healthcare investment bank, Leerink Swann (now Leerink Partners)

We are delighted that Allen and Yossi will be joining the team and bringing their extensive healthcare management and entrepreneurial experience to the Fund,” said Medved.  “Sophisticated investors are seeking an array of avenues to deploy their capital. We believe offering a sector fund dedicated exclusively to investing in digital health companies that is connected to the OurCrowd platform offers a unique capability that is highly attractive.”

I am excited to join the OurCrowd team and to collaborate with Dr. Bahagon to launch this Fund,” said Kamer.  “Digital health solutions are more necessary than ever as the global population ages and healthcare demands accelerate quickly while supplies and services fail to keep pace.  Digital health solutions offer the promise of delivering more for less and aim to positively impact the health of current and future generations.”

 

The fund is not yet available on the site as all we currently have available is the press release. We expect it to be listed in the offerings section soon.

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