Ascension Ventures closes $285 million fifth fund
Ascension Ventures (AV) has announced the closing of a $285 million strategic venture capital fund.
It’s the fifth fund for the St. Louis-based firm that was launched in 2001 by Ascension, the nation’s largest Catholic and non-profit health system. The latest closing brings the firm’s total assets under management to more than $1 billion. The new fund is backed by 13 leading health system partners directly involved in AV’s diligence and investment approval process.
Since its founding, AV has invested in nearly 80 software, services, and medical device/diagnostic companies that help health systems on their transformation journeys. AV is a stage-agnostic investor seeking companies that meet the high priority needs of its health system partners and their patients. AV brings the voice of the customer to its portfolio companies and advises their management teams on product, sales, marketing and financing strategies.
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