Two separate venture capital firms announced their involvement with two new funds to invest in new tech markets and healthcare, respectively.
Grayhawk Capital announced it is launching its third fund, Grayhawk Venture Fund III, a new $75 million fund that focuses on high growth tech firms. The fund was launched last January, but just recently closed on its first project. The fund will focus on Israel based tech startups.
Grayhawk announced that it has appointed Leib Bolel as a Venture Partner. The President and CEO of Arizona Israel Technology Alliance will be working with Grayhawk to oversee the facilitation of growth in the tech partnership between Israel and Arizona.
“We’ve been impressed with the advanced technology we’ve seen coming from Israel into Arizona, and we want to be a part of that supportive ecosystem,” said Sherman Chu, Managing Partner and Co-founder of Grayhawk Capital in a statement. “The addition of Leib will help us make the right connections and expedite the building of strong, collaborative relationships with a variety of Israeli-based early growth technology companies.”
Meanwhile, Peoria. Illinois based OSF Ventures announced it is investing in a second venture capital firm to power improvements in the health care system. It will be working with other healthcare systems and healthcare focused strategic investors to become a limited partner in LRVHealth, a Boston based collaborative innovation platform.
This is the second limited partner investment in a VC outside of OSF Ventures since December 2016, when it invested in Ascension Ventures.
“We invested in LRVHealth because its team truly believes reducing cost is tremendously important for clinical providers to remain financially viable and able to serve their communities, ” said OSF Ventures VP Stan Lynall in a statement.
Even as it teams with other health investors to start sidecar fund operations, OSF says it will continue seeking direct investment opportunities with health startups at mid-stage development across the US. and it will partner with incubators, universities and accelerators to grow health-tech solutions.