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

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. 

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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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