Overview
The venture capital firm Abundant Venture Partners has introduced the Abundant Platform, designed to assist startup companies in forming partnerships with healthcare providers.
Key Features of the Abundant Platform
- The platform is part of the firm’s Venture Studio, which aids healthcare startups in:
- Gaining commercial traction
- Connecting with target buyers
- Forming strategic partnerships
- Receiving operational support
Support and Funding
Members of the Abundant Venture Studio have access to:
- Abundant Alliance: A network of health systems focused on development and investment.
- Abundant Venture Funds: Financial backing for companies that address challenges faced by provider organizations.
- Series A Venture Funding: To assist companies in scaling their operations.
Role of Health Systems
Health system members of the Abundant Platform are crucial as:
- Co-developers
- Early adopters
- Aligned owners of the startups
Partnerships
The platform is supported by 17 healthcare provider organizations, including:
- ChristianaCare
- Kettering Health
- Medical University of South Carolina
- Lurie Children’s Hospital of Chicago
- MedStar Health
- Sharp HealthCare
Statements from Leadership
Harry Kirschner, CEO of Abundant Alliance, stated:
“Health systems have taken unnecessary risk and haven’t been rewarded adequately for their work with early stage ventures. After decades of reacting to the market, healthcare providers can now take the lead and collaborate with peers to mitigate risks and enhance the impact of early-stage ventures.”
Industry Context
Another venture capital firm, General Catalyst, is also collaborating with health systems through its Health Assurance Transformation Corp. (HATCo). In 2024, General Catalyst signed a definitive agreement to acquire Summa Health for $485 million, further emphasizing the trend of venture capital investment in healthcare.
Conclusion
Abundant Venture Partners aims to select up to ten additional healthcare provider organizations to join the Alliance and is actively evaluating early-stage startups for the platform.
For more information, visit Abundant Venture Partners.