Cross-Border Impact Ventures in announcing the launch of a new Women’s and Children’s Health Technology Fund, which will invest in health technology companies that address the health needs of women, children, and adolescents or make health systems more resilient. CBIV has US$30 million in commitments towards an ultimate fund size of more than US$100 million and anticipates making its first investments in Q1 2022. CBIV was incubated in partnership with Grand Challenges Canada (GCC), one of the country’s largest impact-first investors.
The fund will focus on healthtech companies with global potential in terms of growth, returns and impact. Investment targets are medical device, diagnostics and digital health companies in North America, Europe, and Israel as well as commercial stage companies in emerging markets with global technology transfer potential. Cross-Border Impact Ventures will use a gender lens and work with its porfolio companies to improve their diversity and ensure products meet the needs of users from more diverse backgrounds. Its impact goal is to save 500K lives and touch the lives of 10M women and children in underserved, emerging markets.
“We launched Cross-Border Impact Ventures based on the idea that borders should not dictate who gets access to the best health technologies,” said Annie Thériault, Managing Partner at CBIV. “Our firm will play an important role in the health technology market by investing in companies that are creating innovations that have the potential to save lives or transform healthcare in North America, Europe, emerging markets, and underserved populations. This includes healthcare tools that are easier to use, provide greater precision, and can rapidly deliver diagnostics.”
“Over the next decade, we expect trillions of dollars to be allocated to impact investing given its potential to drive tangible change,” said Donna Parr, Managing Partner at CBIV. “The timing could not be better for us to launch our impact fund, which has already attracted interest from investors in global markets that are looking to make a difference in the world while seeking venture returns.”