WAYZATA, Minn.--()--Lemhi Ventures announced the launch of a second venture fund to expand its investments in health care services. The $150 million fund will continue to focus on companies providing new technologies and services that address fundamental problems in the health care system.
“Our first round of investments has shown that innovative new companies can have a powerful impact. Today’s announcement validates our investing thesis.”
“Lemhi Ventures was organized around the belief that disruptive new business models will deliver changes the health care system requires,” said Tony Miller, company founder and managing partner. “Our first round of investments has shown that innovative new companies can have a powerful impact. Today’s announcement validates our investing thesis.”
Lemhi’s investments focus on how health care services are financed, how health care information and transactions are processed, and how care is delivered. Fund I investments have included technology infrastructure companies ABILITY Network, Recondo Technologies, and TransEngen, providers of connectivity solutions that streamline the processing of health care information and claims data. Investments in DRX and OneHealth Solutions have focused on providing information and health care services directly to consumers. PlanSource offers employee benefits administration technologies that reduce costs and provide consumers and employers greater control over benefit dollars.
Fund II will expand Lemhi’s reach, but will not change its focus. “No matter what course the national health care reform debate takes, there will be business opportunities to repair three fundamental flaws in the health care system,” said Miller. “Lemhi will continue to invest in companies that link health care financing more directly to the underlying realities of epidemiology, that increase the value of every dollar of health care spending by delivering measurable improvement in health outcomes, and that build the information infrastructure required to make the health care system more effective and more accountable. Our investment team has an unshakable focus and deep experience finding innovative new companies in these areas.”
Lemhi’s first Fund II investment is in Shareable Ink, a developer of web-based clinical documentation tools to support secure electronic health records.
About Lemhi Ventures
Lemhi Ventures was formed in 2006 to invest in start-ups and early stage companies in the health care services sector. To date, Lemhi has invested in ten companies, and continues to hold stakes in seven. More information may be found at lemhiventures.com.