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Founded in 2011, 7wire Ventures is a venture capital firm based in Chicago, Illinois, with a focus on transforming healthcare by empowering consumers. The firm has raised over $500 million in assets under management (AUM) and operates multiple funds, including the Connected Consumer Health Fund and the Growth & Opportunity Fund. The Connected Consumer Health Fund closed at $150 million in May 2021, while the Growth & Opportunity Fund, which supports existing portfolio companies and new investments, closed at over $217 million in October 2023.
7wire Ventures has established itself as a key player in the digital health sector, investing in early-stage companies that enhance health quality, outcomes, and experiences. The firm has a portfolio of 23 companies, including notable exits like Livongo, which was acquired by Teladoc for $18.5 billion in 2020. Their mission is to create informed connected health consumers who can effectively navigate the healthcare landscape.
7wire Ventures invests primarily in the digital health sector, targeting early-stage companies at the pre-seed, seed, seed-plus, and Series A stages. Their investment strategy emphasizes technology, shared insights, and aligned incentives to improve personal health outcomes. The firm focuses on sectors such as chronic condition management, behavioral health, women's health, and consumer-directed healthcare.
They seek companies that enhance consumer empowerment in healthcare, believing that the future of healthcare lies in informed connected health solutions. 7wire Ventures looks for founders who are passionate about improving health quality and outcomes, and they prefer investments that demonstrate a clear path to scaling operations and enhancing technology.
7wire Ventures has a diverse portfolio of 23 companies, primarily in the digital health sector. Notable portfolio companies include:
This portfolio reflects 7wire Ventures' commitment to investing in companies that improve access, reduce costs, and enhance health outcomes.
Glen Tullman – Co-Founder. Glen is a serial entrepreneur with a notable background as the former CEO of Allscripts and Livongo, which was sold to Teladoc for $18.5 billion in 2020. He is recognized as a leading figure in digital health.
Lee Shapiro – Co-Founder. Lee has a strong entrepreneurial and operational background, working alongside Glen Tullman in various ventures.
Alyssa Jaffee – Partner. Alyssa is an active investor and a prominent voice in digital health, featured in the NVCA member spotlight.
Robert Garber – Partner. Robert brings extensive experience in venture capital and healthcare investments, contributing to the firm's strategic direction.
To pitch 7wire Ventures, founders should use the contact form available at 7wireventures.com/contact or email info@7wireventures.com. It is essential to include a detailed overview of the startup, including the problem being solved, the target market, and the solution's unique aspects. Founders should expect a response within a few weeks, and warm introductions are preferred but not mandatory.
In October 2023, 7wire Ventures announced the closing of its Growth & Opportunity Fund, which raised over $217 million to support existing portfolio companies and new investments. This fund aims to extend the firm's reach into Series B and C investments.
In May 2021, the firm closed its Connected Consumer Health Fund at $150 million, focusing on early-stage digital health companies. These fund closures highlight 7wire Ventures' ongoing commitment to investing in the digital health sector.
What are 7wire Ventures' investment criteria?
7wire Ventures focuses on early-stage digital health companies that enhance consumer empowerment. They invest at the pre-seed, seed, seed-plus, and Series A stages, targeting sectors such as chronic condition management, behavioral health, women's health, and consumer-directed healthcare.
How can I pitch to 7wire Ventures?
Founders can pitch to 7wire Ventures through their website at 7wireventures.com/contact or via email at info@7wireventures.com. They recommend including a clear overview of your business model, market opportunity, and how your solution empowers consumers.
What makes 7wire Ventures different from other investors?
7wire Ventures emphasizes a thesis-driven approach focused on consumer empowerment in healthcare. Their deep industry expertise and robust network within the healthcare ecosystem provide significant value to portfolio companies.
What is the typical check size for investments?
While specific check sizes are not disclosed, 7wire Ventures invests across various early-stage rounds, indicating flexibility in funding amounts based on the company's needs and growth potential.
What is the geographic focus of 7wire Ventures?
The firm primarily invests in North America, concentrating on companies that operate within the digital health sector.
What kind of support do portfolio companies receive?
7wire Ventures provides strategic guidance, operational support, and access to their extensive network to help portfolio companies scale their operations and navigate the complexities of the healthcare market.
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