Philips Healthcare has made an investment in Gilde Healthcare III, a new venture capital fund focusing on early and growth stage healthcare technology companies.
The fund focuses on companies in Europe and the U.S. that develop and commercialize new patient-centric healthcare technologies and therapeutics, according to Philips of Andover, MA. Target focus areas for Gilde Healthcare III include home healthcare solutions, sleep improvement techniques, image-guided interventions/therapies, and clinical decision support, with particular emphasis on cardiology, oncology, and women's health, Philips said.
Philips holds a minority share in the fund, which has a target size of 200 million euros ($250 million U.S.). It will be managed by Dutch venture and growth capital firm Gilde Healthcare Partners.
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