Venture capital firm launches $217M digital health fund

Digital health-focused venture capital firm 7wireVentures launched a $217 million new fund.

So far, the Growth & Opportunity fund has already invested in three digital health companies. 7wireVentures will target later-stage investments in its existing portfolio, as well as look for new opportunities, according to an Oct. 3 7wireVentures news release.

The firm has 23 portfolio companies.

"We are excited to announce the successful closing of our new Growth & Opportunity Fund – affirming investors' continuing belief in our consumer-driven digital health approach," Managing Partner Glen Tullman said in the news release. "After nearly a decade of success, we are now prepared to double down on some of our fastest growing and most impactful companies while we continue to widen our aperture to exceptional later growth-stage opportunities across the industry."

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