"Having health insurers as cornerstone investors enables us to understand and.address key patient needs by supporting innovative healthcare," said Thom Rasche, a partner at Earlybird Health.
While both funds are similar in investment thesis and stage, this will enable Earlybird Health to write larger checks. Since it plans to predominantly invest in Europe, including the U.K., this could be good news for healthtech startups in the region, many of which are running out of cash after the fall of telehealth company Babylon.
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