TLDR:
- Chicago has a new healthcare venture fund called Create Health Ventures that just closed its inaugural fund, investing in early-stage business-to-business digital health companies.
- The fund has $21 million available and has already provided funding to Chicago startups Carallel and Advocatia Solutions.
In the latest Wintrust Business Minute, it was announced that Chicago has a new healthcare venture fund called Create Health Ventures. This fund recently closed its inaugural fund, which will focus on investing in early-stage business-to-business digital health companies that are developing tools for insurance companies and pharmaceutical firms. With $21 million available for investment, Create Health Ventures has already provided funding to Chicago startups Carallel, specializing in caregiver engagement, and Advocatia Solutions, a Medicaid enrollment tool. Additionally, Deerfield-based Baxter International is in the process of offloading its kidney-care unit, demonstrating a shift in focus within the healthcare industry.
