UnityPoint Health Ventures: 11 things to know

West Des Moines, Iowa-based UnityPoint Health has a venture capital arm that invests in early-stage health companies focused on care experience, financing, delivery and innovation.

Here are 11 things to know about UnityPoint Health Ventures:

1. It launched in 2019 with $100 million in funding.

2. It is led by Matthew Warrens, managing director of innovation, and Austin Duke, venture investing director.

3. It invests in digital therapeutics, health IT, tech-enabled services, medical devices and diagnostics, but avoids pharma, biopharma and drug discovery

4. It focuses on seed, series A and series B funding rounds with $1 million to $3 million for a first check.

5. Beyond investing, it helps accelerate and scale companies by connecting them with its health system, via prioritized IT access, expedited contracting, and marketing and earned media support.

6. It participated in a $15.1 million series A financing round in December for Cardiosense, a digital health company focused on earlier detection of heart disease, alongside OSF Ventures, the venture capital arm of Peoria, Ill.-based OSF HealthCare.

7. It has backed TailorMed, a digital health startup that helps patients find financial assistance. The company has also gotten investments from the VC arms of Cleveland-based University Hospitals; Milwaukee-based Froedtert Health; Johnson City, Tenn.-based Ballad Health; Renton, Wash.-based Providence; and OSF HealthCare.

8. It co-led a $7 million series A funding round in April 2022 for digital pathology company Pathware.

9. It participated in an $11.5 million series A funding round in December 2021 for Prolucent Health, an enterprise health IT software provider.

10. It was part of a $32 million oversubscribed series B financing round in July 2021 for digital health platform b.well Connected Health that also included Neenah, Wis.-based ThedaCare.

11. It joined a $3.1 million seed round in April 2021 for value-based pharmacy platform DocStation.

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