UPMC and Cigna Ventures were among the contributors to the first fund raised by healthcare services and software VC firm Health Velocity Capital.
US-based venture capital firm Health Velocity Capital has raised more than $185m from limited partners including healthcare providers UPMC and Cigna for its first fund, Health Velocity Capital I.
The firms were part of a network of LPs the firm said included strategic investors and executives in the healthcare industry. Cigna participated through corporate venturing subsidiary Cigna Ventures.
Health Velocity Capital is targeting healthcare software and services providers, and its three partners include Saurabh Bhansali, had previously led investments…
