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Today: October 7, 2024
August 14, 2024
1 min read

Chicago’s New Healthcare Venture Fund: Wintrust Business Minute

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.

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