Novitas Holdings, a technology-focused investment firm founded by former Memora Health CEO Manav Sevak, has officially launched to support founder-led companies across multiple industries.
The firm combines financial backing with hands-on operational and strategic guidance designed to help startups navigate early-stage growth and long-term expansion. The launch follows Sevak’s exit from Memora Health after the company’s acquisition by Commure in mid-2024. Financial terms of the acquisition were not publicly disclosed, but the transaction marked a key milestone for both organizations.
Memora Health developed a platform designed to automate and personalize patient communication for healthcare systems. Under Sevak’s leadership, the company raised more than $80 million in funding from investors, including Y Combinator and Andreessen Horowitz. The technology helped healthcare providers streamline administrative workflows and improve patient engagement by automating interactions, including appointment reminders, intake processes, post-discharge follow-ups, and condition-specific care plans.
Following the acquisition, Memora Health’s technology was integrated into Commure’s healthcare operating system, strengthening the platform’s ability to deliver digital infrastructure for hospitals and health systems.
Novitas Holdings builds on the operational experience gained during the growth of Memora Health. In addition to providing early-stage capital, the firm plans to work closely with founders to deliver strategic guidance, operational frameworks, and mentorship designed to help companies scale efficiently.
The firm’s investment approach includes supporting startups addressing complex industry challenges while building products designed for long-term relevance. Novitas also plans to participate in acquisitions of technology businesses to help portfolio companies accelerate development and expand their market reach.
Through its technology-enabled investment model, Novitas Holdings aims to apply data-driven insights and operational expertise across portfolio companies. The firm collaborates with founders on product development, go-to-market strategies, talent acquisition, and operational scaling.
As Novitas Holdings begins building its portfolio, the firm plans to focus on partnering with entrepreneurs developing mission-driven companies and technologies intended to deliver meaningful impact across industries.
