Marietta, Ga.-based Wellstar Health System has launched a $100 million venture fund that will back digital health and other innovation-focused startups.
The fund from Catalyst by Wellstar, the health system's venture capital arm, plans to make more than 50 direct investments — from pre-seed to series A rounds — over the next five years. It will concentrate on customer experience; data, analytics and security; digital health; future of work; supply chain, logistics and mobility; and sustainability.
"Wellstar's long history of innovation and world-class care uniquely positions Catalyst to mentor and grow startups," said Hank Capps, MD, president of Catalyst by Wellstar and the health system's executive vice president and chief information and digital officer, in a May 18 news release. "In these challenging times, we need bold innovations and those closest to the patient driving the changes that will make the most difference for each patient, our communities, and the healthcare industry."
The fund's first four direct investments are fetal monitoring company Marani Health, rapid infuser device maker 410 Medical, antimicrobial tech startup Vyv, and data software platform MetaCX.