2022 presented both familiar and novel challenges for the industry. Following a year of unprecedented funding, skyrocketing valuations, and a record number of IPOs, the digital health sector experienced a pullback amid shaky economic waters in 2022.
We’re excited to officially kick off recruiting for our 7wireVentures 2022 MBA Summer Internship Program!
2022 presented both familiar and novel challenges for the industry. Following a year of unprecedented funding, skyrocketing valuations, and a record number of IPOs, the digital health sector experienced a pullback amid shaky economic waters in 2022.
David Schonthal has been an entrepreneur, investor, and innovation-leader in the healthcare world for over 20 years. He is an award-winning Professor of Strategy, Innovation & Entrepreneurship at the Kellogg School of Management and the author of the bestselling book, “The Human Element: Overcoming the Resistance That Awaits New Ideas”. In short, he is a man of many hats – all of which work to enrich and inform his role as Operating Partner at 7wireVentures.
Embedded within the intricate framework of American healthcare, Medicaid is the country’s largest insurer, providing essential support to 28% of Americans (up from 18% in 2010). Its financial footprint drives 44% more expenditure than the commercial sector, amounting to $728B in annual health expenses.
We are pleased to announce that 7wireVentures has raised our latest investment vehicle, a $217M Growth & Opportunity Fund (GO Fund). The new capital will help our team support high-potential companies from our existing portfolio as they advance to later stages of funding, as well as to invest in other compelling Series B and C companies. The closing of our GO Fund brings the Firm’s AUM to over $500M.
David Schonthal has been an entrepreneur, investor, and innovation-leader in the healthcare world for over 20 years. He is an award-winning Professor of Strategy, Innovation & Entrepreneurship at the Kellogg School of Management and the author of the bestselling book, “The Human Element: Overcoming the Resistance That Awaits New Ideas”. In short, he is a man of many hats – all of which work to enrich and inform his role as Operating Partner at 7wireVentures.
Vivante Health, a digital digestive health solution that uniquely addresses the main challenges consumers with Gastrointestinal (GI) conditions face through personalized clinical care, announced a $31M equity financing Series B led by Mercato Partners.
Though there has been significant progress in advancing healthcare into the home, with a notable acceleration over the past few years driven by the COVID-19 pandemic, we are still very much in the starting blocks of the journey to make the home a true consumer-centered medical home.
For Homethrive’s two founders, Dave Jacobs and David Greenberg (colloquially and warmly known as “The Daves”), the experience of caregiving for family members while working represented a major challenge. They found a confusing, hard to navigate system and even after taking countless days off work and spending long hours on the phone, they couldn’t find the answers they needed. They knew there had to be a better way – not just for them, but also for the over 50M Americans that are serving as caregivers to their loved ones today. Thus, in partnership with the 7wireVentures team, Homethrive was Hatched in 2018.
Through this engaging discussion, The Daves share more about their founding story, the challenges and learnings gained from pivoting from multibillion dollar corporate organizations to a scrappy early-stage startup, their perspective on the future of caregiving, and much more in 7wireVentures’ latest Top of The Ladder feature.