Israeli Digital Health VC Firm OTV Closes $170M Venture Fund

Israeli Digital Health VC Firm OTV Closes $170M Venture Fund

What You Ought to Know:

– OTV (previously Olive Tree
Ventures), Israel’s ‘digital well being first’ enterprise capital agency closes $170
million enterprise fund to assist progressive digital well being corporations worldwide.

– OTV additionally introduced at this time a brand new China
workplace and the appointment of Jose Antonio Urrutia Rivas as Head of Asia

OTV (previously Olive Tree Ventures), Israel’s ‘digital well being first’ enterprise capital agency, at this time introduced the closing of a fund with a complete worth of $170M. OTV is the one enterprise capital fund in Israel whose major focus is digital well being, specializing in supporting their portfolio companies attain maturity, refine execution, deal with regulatory hurdles, and guarantee a world imprint on validated merchandise.

“OTV’s objective for the upcoming interval is to harness our experience in facilitating the expansion of digital health corporations, and, with laser sharp focus, determine the market leaders of tomorrow,” mentioned Alejandro Weinstein, Normal Companion, OTV. “Digital well being expertise is more and more necessary for strained healthcare techniques looking for to supply accessible and reasonably priced therapy, particularly to historically under-served populations. The Covid-19 pandemic elucidated the significance of digital merchandise to the worldwide healthcare ecosystem, however trade ache factors predated the present disaster and clear options shall be wanted within the years to return.”

Background & Funding Thesis

Digital well being expertise is a younger but excessive progress vertical, with a market that has grown 150% since 2017 and is predicted to be a $540 billion greenback trade by 2025.OTV was based in 2015 by Normal Companions Mayer Gniwisch, Amir Lahat and Alejandro Weinstein with the mission of discovering entrepreneurs with probably the most progressive, disruptive concepts within the digital well being area, that enhance and save lives, and allow them to construct profitable, impactful corporations.

to forming the VC agency, the workforce based 7 profitable corporations that generated
over $4B in positive aspects. Along with Companion Manor Zemer, the OTV management
workforce is comprised of traders with a variety of backgrounds, encompassing
healthcare, expertise, personal fairness and monetary providers, and with
expertise within the US, LATAM, Israeli and Asian markets.

the course of the previous 5 years, OTV has prioritized funding in
digital well being corporations that develop cutting-edge options to at this time’s most
urgent healthcare issues. OTV’s portfolio consists of a few of the world’s
highest-profile digital well being leaders, together with TytoCareLemonaid HealthEmedgeneScopio and Donisi Health.

China Workplace & Head of Asia Pacific Appointment

OTV additionally introduced at this time the appointment of Jose
Antonio Urrutia Rivas as Head of Asia Pacific. Jose is a graduate of the China
Europe Worldwide Enterprise Faculty in Shanghai’s MBA program, and beforehand
labored at LarrainVial because the Asian Market developer. Outfitted with a wealth of
expertise within the area, Jose will handle OTV’s new Asia Pacific workplace,
based mostly in China. The brand new workplace will complement present branches in New York,
Tel Aviv and Montreal, and can supply portfolio corporations the chance to develop
in a area the place the digital well being subject is powerful and well-developed. 

“I’m excited to guide OTV’s growth into the Asia-Pacific area, which performs a significant function within the international digital well being economic system,” mentioned Jose Antonio Urrutia Rivas, Head of Asia Pacific, OTV. “OTV supplies a singular connection between West and East, linking portfolio corporations to Israel, North America and Asia and enhancing cooperation between these completely different markets. I’m thrilled to have the chance to work with the OTV workforce, whose funding expertise in a variety of fields makes them completely positioned to develop and implement successful progress methods for finest at school digital well being corporations..”

Sharing is caring!

Leave a Reply

Your email address will not be published. Required fields are marked *