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Inova Strategic Investments is the venture capital arm of Inova Health System, based in Falls Church, VA, focused on strategic healthcare investments to enhance patient care, predict and prevent disease, lower costs, and improve health outcomes. The firm supports precision medicine and personalized health initiatives through its investment activities and an accelerator program. It oversees investments within the broader Inova Health System, which employs 17,500 people across five hospitals and serves over 2 million patients annually in the Washington, DC metro area and beyond. J. Stephen Jones, CEO of Inova Health System, oversees the health system's operations including its strategic investments, with Hooks Johnston also associated with the investment arm's activities. The firm formally commenced its venture capital operations in 2017, following an earlier investment in the company iVinci in 2014. Inova Strategic Investments was launched in 2016; founders are not specified.
Inova Strategic Investments has 2 tracked investments across 2 companies. The latest tracked deal is $42.3M Debt / Series B in Renovia in August 2018.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Aug 21, 2018 | Renovia | $42.3M Debt / Series B | Ascension Ventures, Perceptive Advisors | Cormorant Asset Management, Longwood Fund, OSF Ventures, Western Technology Investment |
| Jan 1, 2018 | Personal Genome Diagnostics | $75.0M Series B | Paul Biondi, Justin Klein | Questa Capital, Vensana Capital, Helsinn Investment Fund, Maryland Venture Fund, Windham Venture Partners |
