UnitedHealth’s Optum launches $250M investment fund
UnitedHealth’s (Minnetonka, MI) Optum unit launched a $250 million investment fund to invest in healthcare-focused startups. UnitedHealth and Optum on Tuesday announced the creation of the fund, Optum Ventures. Optum Ventures, which will have offices in Boston and Menlo Park, California, will operate as a separate independent company funded by Optum under the leadership of partners A.G. Breitenstein and Virginia McFerran. Larry Renfro, CEO of Optum will serve as managing partner of Optum Ventures. Early investments reportedly include Apervita, a data analytics solutions provider, and Buoy Health, a health technology firm that uses data analytics to create an AI-powered digital health assistant.
