The healthcare provider has added $50m to its original commitment of $25m for TMC Venture Fund, to be deployed over the next decade.
US-based medical complex Texas Medical Center will provide an additional $50m to its TMC Venture Fund, it confirmed yesterday.
The centre’s board of directors has approved the full sum, which will be released over the next decade, with the money coming from proceeds of TMC Venture Fund’s investments. The commitment adds to the initial $25m Texas Medical Center allocated to the fund in 2017.
TMC Venture Fund aims to provide access to capital to early-stage companies operating in technology-enabled healthcare…
