How 7wireVentures plans to invest its new $217M health fund

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Top Story 7wireVentures Launches $217M Digital Health Fund 7wireVentures launched its largest fund to date on Tuesday — the closing of the $217 million digital health fund brings the Chicago-based firm's assets under management to more than $500 million. Two-thirds of the new fund's capital will be allocated to 7wireVentures' existing portfolio companies for follow-up investments, and the remaining third will go toward Series B and Series C funding round for companies in which the firm hasn't yet invested. Sponsored Content Startups: Apply for Nashville's Project Healthcare 2024 Cohort by Oct 13! Presented by Nashville Entrepreneur Center and MedCity News Nashville Entrepreneur Center is seeking applications from healthcare startups to take part in its Project Healthcare 2024 cohort.  Applications must be submitted by October 13 to be considered for the 2024 cohort! Click here to apply! Boutique Networking Meet your next partner, get funding, knock elbows with 20+ investors, get your burning questions answered and so much more when you join us on October 26th at Pegasus Park in Dallas. INVEST Digital Health. Sign Up Now

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Pharmacy Automation Startup Emerges From Stealth With 20+ Customers And $9M Raised San Francisco-based Plenful emerged from stealth on Tuesday. The startup sells a workflow tool that automates manual and administrative workflows for pharmacy technicians. In addition to its launch out of stealth mode, the company also announced that it has closed a $9 million funding round led by Bessemer Venture Partners and signed contracts with more than 20 customers. FDA Authorizes Novavax's Covid-19 Vax, Set to Join Fall Rollout of Updated Shots Novavax's updated version of its Covid-19 vaccine is now FDA authorized for use in the U.S., joining the approved shots from Moderna and partners Pfizer and BioNTech. Novavax said its protein-based vaccine will be available in coming days. Survey: What Women Want Out of Their Health Benefits A new survey shows that women want more comprehensive medical support, solutions that treat their specific health concerns, access to a doctor who identifies the root cause of their symptoms and better care management services. 7wireVentures Launches $217M Digital Health Fund 7wireVentures launched its largest fund to date on Tuesday — the closing of the $217 million digital health fund brings the Chicago-based firm's assets under management to more than $500 million. Two-thirds of the new fund's capital will be allocated to 7wireVentures' existing portfolio companies for follow-up investments, and the remaining third will go toward Series B and Series C funding round for companies in which the firm hasn't yet invested. Solera Health Introduces New Platform To Reduce Point Solution Fatigue Solera Health recently launched HALO, a platform that allows payers and employers to manage both Solera point solution partners and non-Solera point solutions in one place. Eli Lilly Jumps Into Radiopharmaceuticals via $1.4B Point Biopharma Acquisition Acquiring Point Biopharma gives Eli Lilly a pipeline of radiopharmaceuticals, including one for prostate cancer that could rival Novartis's Pluvicto. The deal comes ahead of an expected Phase 3 data readout for that Point therapeutic candidate.

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MedCity Moves Podcast: Recent Hires, Layoffs & an Interview with Chris Allen, CFO at Keck Medicine of USC For September's guest interview, we were joined by Chris Allen, who recently became CFO at Keck Medicine of USC. Some of his recent past roles include CFO of Adventist Health and senior director of budget and decision support at UC Irvine Health. Listen Now

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