Digital venture fund behind Teladoc, Livongo merger closes $150M consumer health fund 

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7wireVentures, a digital health venture capital firm led by health tech veterans Glen Tullman and Lee Shapiro, closed their latest connected consumer fund at $150 million, according to a May 18 news release. 

Mr. Tullman and Mr. Shapiro previously worked together as CEO and president, respectively, of EHR vendor Allscripts. They then launched 7wireVentures in 2013 to invest in early-stage digital health companies focused on supporting healthcare consumerism. 

7wireVentures was the first investor in Livongo, which was founded by Mr. Tullman, and exited the $18.5 billion merger between Livongo and Teladoc Health late last year. 

The venture capital firm has invested in two digital health companies so far in 2021: cancer care navigation platform Jasper Health and Transcarent, a consumer-directed digital health and care platform for self-insured employers.

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