CVS Health sets up $100m fund

May 3, 2021 • James Mawson

CVS Health Ventures has been launched to formalise an investment strategy that has backed the likes of Unite Us and LumiraDx.

New York-listed pharmacy chain CVS Health has set up a $100m fund which will targeting digital health technology.

CVS Health Ventures formalises a corporate venturing strategy that has resulted in investments in more than 20 startups through the CVS and Aetna businesses, CVS having acquired life insurance provider Aetna in 2018 for $69bn.

Current CVS Health investments include Unite Us, the developer a technology platform that connects healthcare and social services providers, and LumiraDx, which has created a point-of-care diagnostic…

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James Mawson

James Mawson is founder and chief executive of Global Venturing.

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