The healthcare provider's hospitals have committed $105m to its Partners Innovation Fund, and it has raised $66.1m from external backers for another fund.

US-based healthcare system Partners HealthCare closed approximately $171m in financing on Wednesday that will be put into two corporate venturing funds.

The overall amount consists of a $105m investment by Partners institutions in the group’s Partners Innovation Fund, which invests in early-stage healthcare companies, and $66.1m in capital raised from external investors that will go to its Partners Innovation Fund II vehicle.

Partners Innovation Fund was launched in 2008 with a $35m investment by Partners Healthcare. It focuses on seed…