US-based venture capital firm StartUp Health closed $19.3m in capital on Wendesday for its second fund, securing commitments from insurance group Ping An, healthcare provider GuideWell and medical device producer Masimo.
StartUp Health Transformer Fund II is intended to invest in more than 200 health technology developers within the next two years, furthering StartUp’s pursuit of 10 health moonshots: solutions for global health challenges such as cancer or mental health.
StartUp Health’s first fund provided capital for more than 100…