Healthcare venture studio 2070 Health has raised $30 million from W Health Ventures to build healthcare companies from scratch.
The capital will be used to build the 2070 Health platform and seed newly launched companies, the company said in a release. 2070 Health has already launched three companies in the past nine months: ElevateNow, Nivaan Care, and Reveal HealthTech.
Founded by Pankaj Jethwani, 2070 Health helps founders test, launch, and iterate on ideas. The company plans to launch 15 to 20 healthcare companies over the next five years.
The venture studio shortlists potential ideas, which go through a validation process involving conversations with doctors and patients, clinical studies, and go-to-market experiments to arrive at a solution.
Healthcare-focused VC firm W Health Ventures invests in US and India-based companies that address critical unmet healthcare needs to improve care delivery by leveraging technology. For the unaware, W Health Ventures and 2070 Health share the same co-founding team.