Optum Ventures

Founded 2017
Founders Larry C. Renfro

Overview

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 49
Average round size
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The average size of a deal this fund participated in
$35M
Portfolio companies 37
Rounds per year 12.25
Lead investments 13
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.31
Exits 2
Key employees 3
Stages of investment
Early Stage Venture

Areas of investment

  • Health Care
  • Medical
  • Wellness
  • Health Diagnostics
  • Software
Summary

The company was established in North America in United States. The main department of described VC is located in the Boston.

This organization was formed by Larry C. Renfro.

Opposing the other organizations, this Optum Ventures works on 22 percentage points less the average amount of lead investments. The higher amount of exits for fund were in 2018. The fund is constantly included in 2-6 investment rounds annually. The top activity for fund was in 2019. Considering the real fund results, this VC is 33 percentage points more often commits exit comparing to other organizations. The common things for fund are deals in the range of 10 - 50 millions dollars.

Among the various public portfolio startups of the fund, we may underline IDx, Mindstrong Health, Shyft For fund there is a match between the location of its establishment and the land of its numerous investments - United States. Besides, a startup requires to be at the age of 4-5 years to receive the investment from the fund. The fund has no exact preference in a number of founders of portfolio startups. When startup sums 5+ of the founder, the probability for it to get the investment is little. Among the most successful fund investment fields, there are Artificial Intelligence, Health Diagnostics.

The typical case for the fund is to invest in rounds with 3-4 participants. Despite the Optum Ventures, startups are often financed by GE Ventures, Pritzker Group Venture Capital, MATH Venture Partners. The meaningful sponsors for the fund in investment in the same round are Illinois Venture Capital Association, Wintrust Financial, Qiming Venture Partners. In the next rounds fund is usually obtained by Illinois Venture Capital Association, Wintrust Financial, Pritzker Group Venture Capital.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

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Health Care
Personal Health
Wellness
$100M25 Aug 2021 New York, New York, United States

Ultromics

Artificial Intelligence
Computer Vision
Health Care
Health Diagnostics
Medical
Software
$32M16 Aug 2021 Oxford, England, United Kingdom

Rey

Health Care
$10M27 Jul 2021 Austin, Texas, United States

Brightline

Child Care
Health Care
Home Health Care
$72M16 Jun 2021 Palo Alto, California, United States

LetsGetChecked

Health Care
Health Diagnostics
Medical
$150M08 Jun 2021 New York, New York, United States

Medallion

Health Care
Information Technology
Management Information Systems
$17M05 Jun 2021 San Francisco, California, United States

Heartbeat Health

Health Care
Medical
Software
$20M10 May 2021 New York, New York, United States

Vim

Health Care
Health Insurance
Internet
$35M05 May 2021 San Francisco, California, United States

Caresyntax

Health Care
Health Insurance
Hospital
Information Technology
Machine Learning
Medical
Software
$100M28 Apr 2021 Boston, Massachusetts, United States
News
Caresyntax Grabs $30M Series C Extension

– Caresyntax, the leading enterprise-level digital surgery platform delivering actionable insights to make surgery smarter and safer, today announced a $30m extension to its Series C funding round.
– The round was led by PFM Health Sciences with participation from ProAssurance, Harmonix, and existing investors such as the Relyens Group and IPF Partners.
– That round also included investments from Optum Ventures, Intel Capital, Lauxera Capital Partners, Vesalius Biocapital III, Arno Capital, Rezayat Investments, and Surgical.AI.
– The funding will be used to continue developing its platform as well as advance new data solutions that support value-based care providers.

Alma Pulls In $50M Series C Round

– Alma, a membership-based network for mental health care providers to build and scale their practices, has announced $50m in Series C funding.
– The round is led by global private equity and venture capital firm Insight Partners with participation from Optum Ventures, Tusk Venture Partners, Primary Venture Partners, Sound Ventures, BoxGroup and Rainfall Ventures.
– The company intends to use the funds to fuel Alma’s national expansion and support therapists across the country to offer affordable, in-network care.

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