Cigna launches $250m venture fund for health care startups


Cigna launches $250m venture fund for health care startups

iStock/ Tuk69tuk

Health insurer Cigna has launched a corporate venture fund with $250 million in capital to invest in early and growth stage health care startups.

Cigna Ventures will invest in innovative health care companies focused on three strategic areas - insights and analytics; digital health and retail; and care delivery/management.

Cigna Ventures is a wholly-owned indirect subsidiary of Cigna Corporation.

“Cigna’s commitment to improving the health, well-being and sense of security of the people we serve is at the front and center of everything we do,” said Tom Richards, senior vice president and global lead, strategy and business development at Cigna.

“The venture fund will enable us to drive innovation beyond our existing core business operations, and incubate new ideas, opportunities and relationships that have the potential for long-term business growth and to help our customers.”

Cigna, Cigna Ventures, Healthcare, Insurtech, Startups, Innovation, Growth, Venture fund, North America