September 10, 2019 / 9:48 AM / a month ago

Triventures ARC fund has first closing, makes initial investment

JERUSALEM (Reuters) - Israeli-U.S. venture capital fund Triventures launched on Tuesday a $40 million fund that will invest in early stage digital health and smart medical devices.

Triventures, which is a partner with Tel Aviv’s Sheba Medical Center, said it already made its first closing for the fund. A company official said the closing was for more than half of the total.

The company also said ARC made its first investment in Lynx.MD, an Israeli startup whose cloud-platform enables hospitals and medical firms to securely access and share any type of data in the healthcare environment and develop artificial intelligence-based digital health applications that improve the quality of care and reduce costs.

Reporting by Steven Scheer

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below