OSF HealthCare’s corporate venturing unit inaugurated its largest fund to date, following the close of $75m funds in 2016 and 2019.
OSF Ventures, the corporate venture capital subsidiary of US-based healthcare provider OSF HealthCare, has launched a $100m third fund, increasing its total assets under management to $250m.
Founded in 2016, OSF Ventures provides capital for early-stage developers of therapeutics and technology such as medical devices, healthcare software and diagnostics products. Its portfolio currently boasts 17 companies and it has made 27 direct investments to date as well as three commitments to other venture capital funds, achieving nine exits.
The unit’s previous fund was launched in 2019 with $75m, the same size as its inaugural fund in 2016. Investments into other funds include VC firm LRVHealth’s fourth fund in 2019, three years after OSF was one of 13 healthcare providers to invest in Ascension Ventures’ $255m fourth fund.
In September 21, OSF Ventures committed $5m to a $25m round for TailorMed, creator of an online platform designed…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
