"Our syndicate provides an easy way for investors to get access to innovative health companies while also efficiently exposing great startups to a broader community of investors" - Katya Hancock, Director of StartUp Health’s Investor Network
Chicago, IL (PRWEB) April 14, 2015
StartUp Health, a global entrepreneurship development company, announced at the Venture Plus Forum at HIMSS 2015, that it has launched the first health innovation-focused syndicate on AngelList to further its mission of making it easier for Healthcare Transformers™ to get the support and resources needed to foster meaningful innovation. StartUp Health portfolio company Tute Genomics, a cloud-based clinical genome interpretation platform, recently completed the first deal on the syndicate which was quickly oversubscribed.
The StartUp Health Syndicate allows for accredited investors to get access to select StartUp Health Academy™ companies and co-invest alongside other notable institutional and angel investors. The StartUp Health Academy is a global, long-term entrepreneurship program and peer network focused on helping entrepreneurs build scalable growth companies and increase the equity value of their startups. StartUp Health currently has a portfolio of 97 digital health companies from 9 countries.
“StartUp Health is working to organize and activate the community of angel investors and educate them on the amazing opportunities that exist in digital health today,” said Katya Hancock, Director of StartUp Health’s Investor Network during a speech at HIMSS Venture Plus Forum on Sunday. “Our syndicate provides an easy way for investors to get access to innovative health companies while also efficiently exposing great startups to a broader community of investors.”
Beyond opening up the digital health marketplace to new investors, the syndicate provides StartUp Health companies with an efficient new vehicle when raising capital.
One of the more attractive characteristics of the AngelList syndicate is that it allows investors to opt-in to select deals. The structure makes it possible for investors to selectively back both digital health moonshots or invest in companies solving a problem of personal interest.
Details about the StartUp Health Syndicate on AngelList:
StartUp Health plans to syndicate up to 12 deals per year that meet very specific criteria.
StartUp Health is directly aligned with its backers as it holds equity in each company and is focused on helping them grow via participation in StartUp Health Academy.
StartUp Health does not take a carry in the deals they syndicate.
StartUp Health Syndicate deals will have already received commitments for at least 50% of their round, with at least 20% of the round from a notable institutional or angel investor, who has negotiated or agreed to the terms of the deal.
About StartUp Health
StartUp Health is a global entrepreneurship development company for Healthcare Transformers™. StartUp Health has the world’s largest portfolio of digital health companies and offers entrepreneurs: The StartUp Health Academy, a long-term coaching program and trusted peer network and The StartUp Health Network, the largest stakeholder community of investors, customers, and advisors, to help companies grow through every stage of their lifecycle. StartUp Health was founded by health tech entrepreneurs, Steven Krein and Unity Stoakes, and is chaired by former Time Warner Chairman and CEO, Jerry Levin. Some investors include Steve Case, Mark Cuban, Esther Dyson, Roger Ehrenberg, Brad Feld, Richard Forman, Jason Finger, Linda Holliday, Andy Litt, Jon Miller and Wayne Kimmel. Learn more at startuphealth.com and back our AngelList Syndicate at startuphealth.com/syndicate.