TechTaffy

tech:

taffy

MergerTech Launches $50 Million Venture Fund For Healthcare IT

By TechTaffy Desk

MergerTech Advisors has launched the MergerTech Capital, a new $50 million venture capital fund.  The fund will focus on the investment and development of healthcare IT product and services firms.

The MergerTech Capital fund’s main targets for investment will be companies focused on the enablement of personalized medicine through the use of technology. The fund will invest in IT infrastructure associated with healthcare, including cloud services, data security, consumer Internet, mobile applications, and managed IT. Additionally, the fund will invest in healthcare services providers that leverage technology as a means to reduce cost, scale or delivery gaps. Investments by the fund will be in early and growth stage US based companies.

Maneesh Goyal will be joining MergerTech Capital as General Partner leading the fund. In addition to Mr. Goyal as General Partner, MergerTech Advisors senior executives Nitin Khanna and Karan Khanna will also be managing the fund.

 

Just in

Series A

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.
Around the web

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 
Fundings

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.
Around the web

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 
IT

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.