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Stock impact report

Health VC firm SpringTide Ventures just closed its second $65 million fund. Here's what a startup needs to get its backing. [Business Insider]

Ally Financial Inc. (ALLY) 
Last ally financial inc. earnings: 4/20 07:30 am Check Earnings Report
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The firm is looking for new investments in deep tech and areas like AI-powered medical billing. Austin Walters started SpringTide Ventures in 2018 to disrupt healthcare by democratizing access to health innovations. The firm just closed its second $65 million fund to make more of those bets. SpringTide, which invests in health-focused software, hardware, and tech-enabled services — everything healthcare, save for drug development — has been climbing. The firm wrote early checks into companies like Great Expectations, originally a healthcare-focused data analytics company that raised a $40 million Series B led by Tiger Global in 2022, and medtech startup Pathology Watch, which Sonic Healthcare acquired in December 2023 for $150 million. Disrupting healthcare " is a buzzy, if overused, phrase. Walters said the firm's central focus is on advancing lower-cost innovations in existing markets — like Henry Ford mass manufacturing automobiles to give everyday people access to cars. " Show less Read more
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