Wednesday, May 17, 2017
TealTech Capital Gets $60M For Medtech Fund, Makes First Investment
San Diego-based TealTech Capital, a new, $60M venture investment fund backed by Torrey Pines Investment, has launched its new investment fund, and made its first investment. Torrey Pines Investment said on Tuesday that the new fund will focus on start-ups in the areas of point-of-care diagnostics and treatment, novel organizational and financial models of health services delivery, including in-home and virtual care, as well as artificial intelligence and deep learning healthcare support systems. TealTech said today that it has made is first investment, in TealNet Mobile Medical Office (MMO), a startup focused on point-of-care diagnostics and telemedicine. Size of the investment in TealNet MMO was not announced.