Virtue launches $ 31.25 million fund


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  • Virtue, a new venture capital firm that supports early stage founders who focus on healthcare system transformation, recently announced the launch of a $ 31.25 million fund.

Virtue, a new venture capital firm that supports early stage founders who focus on healthcare system transformation, recently announced the launch of a $ 31.25 million fund. 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 Cendana fund of funds, the investment arm of Tampa General Hospital and the venture capital arm of CareFirst Healthworx. Virtue will write checks of around $ 250,000 to $ 1 million and investment decisions will typically be made within 7-10 days.

KEY QUOTE:

“Over the past few years, it has been clearly established that digital health founders benefit tremendously from partnering with experienced digital health investors, especially during their most formative first phase of business. And, while the venture capital market can be teeming with capital, capital alone cannot resolve the unique risk profiles, regulatory considerations, team building, business / GTM strategies, etc. face the founders of digital health pre-seed and seed. . “

– Sean Doolan, Founder and Managing Partner at Virtue

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