Healthcare venture fund raises $397M

Healthcare venture fund raises $397M unknown

Healthcare venture capital fund Questa Capital closed on its third fund, raising $397 million to invest in healthcare companies.

The fund plans to invest in 10 to 14 growth-stage healthcare companies over the next three to four years. Since Questa launched seven years ago, it has now raised more than $1 billion, according to an Aug. 24 Questa Capital news release.

Questa has invested in hospital-at-home company DispatchHealth and value-based companies Cortica and Vynca.

"We plan to invest Fund III around many of the same themes as our prior funds," the company said in the release. "With rapid advances in technology across all healthcare market segments, including the adoption and deployment of new care models and accelerating advances in personalized medicine, drug discovery and artificial intelligence, healthcare continues to embrace astounding change, which will require focus and experience."