Octopus Ventures has announced it is launching a new £100 million institutional global fund to take advantage of the growing health tech market.
Octopus Ventures is part of the Octopus Group and says it is one of the largest and most active VCs in Europe.
The group is also boosting its health tech offering by assembling a new team from TenX Health.
Joe Stringer, Dr Pooja Sikka and Shamik Parekh join Octopus Ventures from TenX Health.
Alliott Cole, Co-CEO of Octopus Ventures, comments: “Covid-19 has doubled the pace of growth in healthcare technology. Joe, Pooja and Shamik’s arrival and the launch of the fund puts us in an even stronger position to take advantage of the investment opportunities that are emerging from the pandemic as the digital healthcare revolution continues.
“We now have one of the largest teams backing those entrepreneurs that are radically rethinking how healthcare can be delivered – across Europe as well as expanding our footprint into emerging markets. We are delighted to cornerstone this new fund and look forward to providing investors with an opportunity to access this global growth market.”