Health tech venture firm OTV closes new $170 million fund and expands into Asia

Health tech venture firm OTV closes new $170 million fund and expands into Asia

3 years ago
Anonymous $y15ULlV7sG

https://techcrunch.com/2020/12/03/otv-closes-new-170-million-fund-and-expands-into-asia/

OTV (formerly known as Olive Tree Ventures), an Israeli venture capital firm that focuses on digital health tech, announced it has closed a new fund totaling $170 million. The firm also launched a new office in Shanghai, China to spearhead its growth in the Asia Pacific region.

OTV currently has a total of 11 companies in its portfolio. This year, it led rounds in telehealth platforms TytoCare and Lemonaid Health, and its other investments include genomic machine learning platform Emedgene; microscopy imaging startup Scopio; and at-home cardiac and pulmonary monitor Donisi Health. OTV has begun investing in more B and C rounds, with the goal of helping companies that already have validated products deal with regulations and other issues as they grow.

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