UPMC and Cigna Ventures were among the contributors to the first fund raised by healthcare services and software VC firm Health Velocity Capital.

US-based venture capital firm Health Velocity Capital has raised more than $185m from limited partners including healthcare providers UPMC and Cigna for its first fund, Health Velocity Capital I. The firms were part of a network of LPs the firm said included strategic investors and executives in the healthcare industry. Cigna participated through corporate venturing…

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