The healthcare system has joined venture capital firm Rev1 Ventures for a unit that will invest in life sciences spinouts from its research institute.
Nationwide Children’s Hospital, a US-based not-for-profit healthcare system, has started a $5.5m life sciences fund to back spinouts from its research institute.
Rev1 NCH Fund I is a joint venture with Rev1 Ventures, a seed-stage venture capital fund. It has also secured $2.75m in debt financing from the Ohio State-backed Ohio Third Frontier’s Pre-Seed/Seed Plus Fund Capitalization Program.
Rev1 and Nationwide Children’s first teamed up in 2014 with an investment by Rev1 in Nationwide Children spinout Milo Biotechnology, a company…
