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Northwell Ventures operates as the strategic investment arm of Northwell Health, advancing medical technology and fostering growth within the health system. It identifies, cultivates, and invests in novel ideas and businesses, integrating innovation to address Northwell’s clinical and operational needs, enhancing service delivery. This strategic focus ensures that external developments directly contribute to the health network’s capabilities.
Established in 2013 by Northwell Health under Northwell Holdings, this initiative stemmed from the recognition that the health system could benefit from developing and sourcing solutions for its specific requirements. This foresight enabled Northwell to engage proactively with emerging technologies, aiming to extend capabilities and generate both clinical and financial value from these strategic investments.
Northwell Ventures’ investments directly benefit the health system’s facilities and divisions, streamlining processes and improving patient care throughout the network. The long-term vision is to continuously evolve Northwell Health’s ecosystem through sustained innovation, securing its position at the forefront of healthcare delivery and technological advancement.
Key people at Northwell Ventures.
Northwell Ventures has 3 tracked investments across 2 companies. The latest tracked deal is $36.0M Series B in Clarapath in July 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jul 24, 2024 | Clarapath | $36.0M Series B | Northwell Ventures | — |
| Mar 1, 2024 | Hume AI | $50.0M Series B | EQT Ventures | 11, Andreessen Horowitz, Somesh Surapureddi, Basis SET Ventures, C2 Investment, CVS Health, DTCP, Greylock, ICONIQ Capital, IVP, Lightspeed Venture Partners, Math Venture Partners, O'Reilly AlphaTech Ventures, Pillar VC, Sequel, Spark Capital, Tiger Global Management, Union Square Ventures, Anjney Midha, Bartek Pucek, Brendan Iribe, Elad GIL, Esther Dyson, Mattia Astori, Mike Krieger, Sahin Boydas, Siqi Chen, Yoshua Bengio, Daniel Gross, NAT Friedman, Comcast Ventures, LG Technology Ventures, Metaplanet |
| Sep 1, 2022 | Hume AI | $12.0M Series A | TCG (The Chernin Group), Union Square Ventures | Kevin LIN, Evan Sharp, Comcast Ventures, LG Technology Ventures, Wisdom Ventures, Cooper Turley, Evan Bogart, Rahilla Zafar, Collab+Currency, Distributed Global, Flamingo DAO, Gemini, Noise DAO, The LAO, Winklevoss Capital |
Key people at Northwell Ventures.