About Us
Our History
We are Healthcare Experts. We are Builders. We are Operators. We are Makers of Our Own Luck.
We have a track record of operating excellence. We are industry thought leaders who helped pioneer the EMR industry and developed a leading view of consumerization of healthcare. Leveraging this perspective, we Hatched Livongo into the largest IPO and merger in the digital health industry. We have demonstrated value as operators and builders and apply these learnings to scale our portfolio companies.
The 7wireVentures Name
Rewiring the Status Quo
- In 1857, Cyrus West Field announced his plans to create the first transatlantic cable, a direct line of communication between the European and American continents. Despite enduring repeated setbacks and public ridicule for nearly a decade, Field remained undeterred. Finally, in 1866, the last portion of the cable was pulled onto the shore of Heart’s Content, a small fishing village in Newfoundland. This cable was composed of seven copper wires.
- These seven wires transformed interpersonal communication. The telegraph could send eight words per minute – a revolutionary improvement in a time when news and correspondence traveled months by ship. This deceptively simple innovation and the uncommon dedication to its success ushered in the modern, globalized world of interconnectedness and interaction.
- Today, 7wireVentures identifies, begins, and develops ventures similarly aimed at rewiring the status quo.
Our Model
We leverage our 100+ years of combined operating experience and take a hands-on approach to building companies alongside our founders.
Our Operator Driven Model
We provide ongoing support for our portfolio companies in the following key areas:
Our Hatch Program
Our Hatch program starts with an idea inspired by our understanding of the consumer healthcare journey and prevailing healthcare trends. From there, 7wireVentures looks to the market for opportunities that could form the backbone of the idea and – if nothing is available – will begin building de novo. When we hatch a company, we become more creator than investor.
Our Thesis
7wireVentures believes that better health, quality, outcomes and experiences are possible through empowering the
Informed Connected Health Consumer.
Our belief: technology, shared information, and aligned incentives empower Informed Connected Health Consumers with the knowledge and resources to maintain their own health, and, at a system-level, enable a stronger, more resilient healthcare ecosystem that achieves better outcomes at a lower cost.
Empowering an Informed Connected Health Consumer
INFORMED
Helping consumers weigh options, navigate complexity, and make smart choices about their health
CONNECTED
The same mobile-first, connected tech approach for consumer’s health that consumers use in the rest of their lives
HEALTH
Not just the traditional care, but a comprehensive take on health and healthcare
CONSUMERS
Patients have things done to them; consumers are active decision-makers in their care
Our Coalition
We have assembled a Connected Consumer Health Coalition comprised of 7wireVentures Strategic Limited Partners
Through learning and collaboration, 7wireVentures and the Coalition (Allina Health, Arkansas BlueCross BlueShield, Astellas, Atlantic Health System, Bon Secours Mercy Health, Cigna, Corewell Health, GuideWell, Horizon BlueCross BlueShield of New Jersey, Memorial Hermann Health System, Rush University System for Health, Sanford Health and Tufts Medicine) are committed to scale innovative solutions that help consumers get and stay healthy.
The Connected Consumer Health Coalition adds value for our Strategic Limited Partners
We host calls and innovation days to keep our partners informed on 7wireVentures, analyze market developments, and convene industry leaders
We develop and share digital health thought leadership to help inform partners’ internal initiatives
We facilitate collaboration among coalition members
We provide portfolio company connections to facilitate access to partnership opportunities
We advise partners in screening digital health companies being considered for partnership
The Connected Consumer Health Coalition adds value for our portfolio companies
We host an annual CEO Summit to encourage introductions and enable access to customer opportunities
We enhance our partners’ credibility as they go to market
We provide ongoing market feedback on new product innovations and high-level strategy
We enable access to strategic corporate investors for follow-on funding needs