MergerTech Advisors, a venture capital firm has launched the 'MergerTech Capital', a $50 million venture capital fund dedicated to the investment and development of healthcare IT product and services firms.
The MergerTech Capital fund's main targets for investment will be companies focused on the enabling of personalized medicine through the use of technology. The fund will invest in IT infrastructure associated with healthcare, including cloud services, data security, consumer Internet, mobile applications, and managed IT. Additionally, the fund will invest in healthcare services providers that leverage technology as a means to reduce cost, scale or delivery gaps.
Investments by the fund will be in early and growth stage US based companies. MergerTech Capital says it recognizes the opportunity in the rapidly developing healthcare information technology and services market, estimated to be worth $40 billion with forecasted growth over the next 5-10 years of 24 percent. Technology will continue to have an increasing presence in all aspects of healthcare services, as regulatory and scientific developments facilitate more wide-scale implementation of IT, there will be greater opportunities for healthcare IT firms to commercialize products and services.
MergerTech is also excited to announce that Maneesh Goyal will be joining MergerTech Capital as General Partner leading the fund. After spending five great years at Miramar Venture Partners leading investments in healthcare IT, Maneesh will be leading efforts to establish MergerTech Capital. In addition to Maneesh Goyal as General Partner, MergerTech Advisors senior executives Nitin Khanna and Karan Khanna will also be managing the fund.