Excelerate Health Ventures Holds Initial Closing of the Physician Fund
A Professionally Managed Angel Fund
Focused on Seed and Early Stage Southeast Healthcare Companies
Research Triangle Park, NC –July 15, 2013 – Excelerate Health Ventures (“EHV”) announced today it has secured commitments for $5.1 million for the first closing of the Physician Fund. This fund is a professionally managed healthcare angel fund, with investments from a network of physicians, dentists, healthcare executives, and angel investors.
The focus of the fund is to invest in capital efficient start-ups that can scale rapidly in the healthcare industry, with particular emphasis on IT, software, medical technology, and associated services. Excelerate Health Ventures leverages the domain experience and contacts of their network of providers, payers, and strategic partners to select, validate, mentor and grow their portfolio companies.
“Finally, EHV has created a unique opportunity for physicians like myself, who are committed to this marketplace, enabling us to collectively bring new technologies to market and to improve the care of our patients,” said Dr. Cam Patterson,M.D. MBA,Associate Dean of UNC Healthcare Entrepreneurship and Chief of Cardiology at UNC Chapel Hill and advisor to the fund. “The goal is to use the interdisciplinary knowledge and experience of the extended team to identify and create highly valued relevant healthcare companies in a shortenedtimeframe, while maximizing return for everyone involved.”
Excelerate Health Ventures’ founders, Gary Abrahams and Bobby Bahram, bring unique experience – both have been operational entrepreneurs and angel investors that have led and exited companies in the healthcare industry. The extended EHV team is built around core skill sets of investment experience, healthcare sector expertise, and company growth management. EHV has assembled experienced healthcare contract resources to assist in the development and support of their portfolio companies.
“Excelerate Health Ventures is taking a unique approach – bringing the best of what angel investing and venture capital have to offer, and augmenting that with operational experience of the team to build value for both investors and portfolio companies,” explained veteran venture capitalist and angel investor Bruce Boehm, who serves as a special limited partner and advisor to the fund.
About Excelerate Health Ventures
Excelerate Health Ventures is a management team of experienced healthcare entrepreneurs with start-up, corporate and investment expertise. EHV leverages the domain experience and contacts of their network of providers, payers, and strategic partners to select, validate, mentor and grow their portfolio companies. This focused approach accelerates the adoption and revenues of a portfolio companies’ products and associated services. EHV offices are located along side fellow entrepreneurs at the First Flight Venture Center, a technology incubator in the Research Triangle Park of NC.
More Information please visit: www.ExcelerateHealth.com
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