eHealth Ventures launches fast-track pre-Seed investment program for health tech companies
The VC promises answers within 3 weeks, including a term sheet, and investment up to 3.5 million NIS within 3 months
eHealth Ventures, a venture capital fund specializing in early-stage health tech startups, announced the launch of a fast-track pre-Seed investment program for companies in the sector. Companies applying for investment will receive a response within three weeks. A positive response guarantees an investment of 3 million to 3.5 million NIS ($800,000-$930,000) within three months.
Companies receiving investment from eHealth Ventures will join the incubator operated by the fund in collaboration with the Israel Innovation Authority, where all its portfolio companies operate. The fast-track program aims to shorten the typical fundraising process, which usually takes between 6 to 9 months, by approximately 50%.
The fast-track program was created in response to a sharp decline in investments in the digital health and life sciences sectors in 2023, continuing into 2024. According to a report by PwC and the Israel Advanced Technology Industries (IATI), there was a 50% drop in capital raising in 2023 compared to 2022, from $3.4 billion to $1.7 billion, and the number of new companies established fell from 279 in 2022 to 163 in 2023.
Founded in 2016 as a partnership between Maccabi Fund from Maccabi Healthcare Services and Teva Tzim, eHealth has reviewed around 1,800 startups in the field and invested in 35 companies.
"The fast-track program we launched is our response to the difficulties faced by young Israeli entrepreneurs in raising capital during these tough times,” said Talor Sax, Managing Partner at eHealth Ventures and CEO of the incubator. “Many investors have left Israel since October 7, and investments in digital health have plummeted worldwide, including in Israel, regardless of the war.
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“The capital we will invest quickly will provide breathing room for brilliant ideas that could be the next big thing in digital health and are currently at risk of being lost. I invite entrepreneurs to apply soon and take advantage of the fast-track opportunity. Besides the investment, we will provide them with a variety of tools and resources to help them succeed.”
