News06.11.2020

We launch a Digital Health Fund with 60 million euros in the first closing

Dieter von Holtzbrinck Ventures (DvH Ventures) – one of the leading early-stage investors in Europe – has received around 60 million euros in the first closing for a new venture capital fund focusing on investments in digital healthcare solutions. With offices in Cologne and Vienna, DvH Ventures invests in young technology companies, building successful investment clusters in areas such as digital health, education, and fintech.

"We are pleased that we could successfully launch the new fund. The last few months have once again demonstrated to all those involved, which challenges the healthcare sector is clearly facing. A new normality also involves a significant increase in the importance of digital solutions, especially in the healthcare sector," says Peter Richarz, Managing Partner of DvH Ventures. "For us as a venture capital company, there is no better time to invest in digital business models in the healthcare sector."

With the new fund, DvH Ventures will continue on the proven path of early-stage and Series A investments, and will also be a strong partner in future financing rounds.

In addition to providing capital, DvH Ventures supports ventures with its extensive industry expertise, its own experience in successfully building startups, and its access to strong networks of founders and investors. In addition, the new Digital Health Fund offers exclusive access to strong brands such as DIE ZEIT, Handelsblatt, Apotheken Umschau, Senioren und Diabetes Ratgeber, Baby und Familie, and other publications, which opens up an enormous reach into the individual target groups of the startups. With this combined media power, over 50% of German households are reached across all media. This creates customer confidence, makes market entry easier, and sets up effective market entry barriers for new competitors.

"Our health and maintaining our health is the most precious good – the times we live in are making this crystal clear to us all. I am proud that NOVENTI combines 120 years of corporate tradition in the healthcare market with forward-looking ideas. With market-leading expertise within the framework of the Digital Health Fund, we provide a stage for those exceptional startups that actively shape our healthcare market with innovative business ideas. It is high time for a "Dragon's Den" in the digital health market," says Dr. Hermann Sommer, CEO of NOVENTI Health SE.

"Our philosophy is to build bridges and nurture partnerships. We need innovations that make sense and benefit both pharmacy customers and pharmacies. We can't stop the trend, but we can shape it and use it to the advantage of pharmacists," says Andreas Arntzen, Chairman of the Management Board of the Wort & Bild Verlag publishing house, referring to his motivation and the commitment of the publishing house.

Investors in the Digital Health Fund include the Munich-based NOVENTI GROUP, the family office of the pharmaceutical manufacturer URSAPHARM, Wort und Bild Verlag, the market-leading provider of health-related media (including the Apotheken Umschau magazine) in Germany with 36 million reader contacts per month, as well as other multi-family offices.

Further investors are expected to be included in a second closing in the coming months.

Send your pitch decks to deals@dvhventures.de

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