Spectrum Health joins investors in new $100 million health care VC fund

Spectrum Health joins investors in new $100 million health care VC fund

BY MARK SANCHEZ

Saturday, May 26, 2018 12:45pm

GRAND RAPIDS — Spectrum Health has committed $7.5 million to a new Chicago-based venture capital fund that backs emerging heath care technologies.

The commitment to invest $2.5 million annually over three years into 7wire Ventures’ Connected Consumer Health Fund comes from Spectrum Health Ventures LLC, the $100 million venture capital fund the health system formed in early 2017.

By investing in 7wire Ventures and joining a coalition of eight health systems and insurers, Spectrum Health Ventures looks to leverage its capital as well as tap into a national network and expertise to scout for prospective deals.

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