- Virtue, a new venture firm that backs founders at the earliest stage who are focused on transforming the healthcare system, announced recently it launched a $31.25 million fund.
Virtue, a new venture firm that backs founders at the earliest stage who are focused on transforming the healthcare system, announced recently it launched a $31.25 million fund. The founder and managing partner Sean Doolan previously invested in healthcare companies while working at Global Founders Capital.
According to Business Insider, a portion of the funds were provided by the fund of funds Cendana, Tampa General Hospital’s investment arm, and CareFirst’s venture capital arm Healthworx. Virtue will be writing check sizes of about $250,000-$1 million and investment decisions will typically be made within 7-10 days.
KEY QUOTE:
“Over the last few years, it has been made abundantly clear that digital health founders benefit immensely from partnering with experienced digital health investors, especially during their earliest, most formative company stage. And, while the venture market may be flush with capital, capital on its own cannot solve for the unique risk profiles, regulatory considerations, team building, commercial / GTM strategies, etc., that pre-seed & seed digital health founders are faced with.”
— Sean Doolan, founder and managing partner at Virtue
