London venture capital specialist set to launch £100m health tech fund

A London venture capital firm has today announced that it is launching a new £100m health technology fund.

Octopus Ventures, part of Octopus Group, is aiming to boost its health tech offering as it looks to launch a new £100m institutional global fund.

The fund aims to accelerate healthcare technology into global health systems and directly to consumers that need better access to healthcare.

It will focus on Series A, reserving capital to follow on throughout the growth rounds. Alliott Cole, Co-CEO of Octopus Ventures, said: “Covid-19 has doubled the pace of growth in healthcare technology.

“[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.”