ImpactAlpha, December 13 — Toronto-based venture firm Cross-Border Impact Ventures is looking to raise up to $200 million to invest in up to 17 global companies developing health tech solutions for underserved populations in North America, Europe and emerging markets.
“This includes healthcare tools that are easier to use, provide greater precision and can rapidly deliver diagnostics,” Cross-Border Impact’s Annie Thériault told ImpactAlpha.
The women-led fund will apply a gender lens to help save 500,000 lives and improve the health and wellbeing of 10 million women, children and adolescents globally. Grand Challenges Canada, an anchor investor, will monitor the fund’s impact.
The Swedish International Development Cooperation Agency provided a guarantee to catalyze private commitments in the fund. Other investors include Children’s Investment Fund Foundation, Global Health Investment Corp., Hamilton Community Foundation, Rally Total Impact Fund and RockCreek.