Providence Digital Innovation Group
Providence Ventures Spins Out as Independent Allumia Ventures with $150 Million Healthcare Fund Backed by Providence
Providence Ventures has spun out to become the independent venture capital firm Allumia Ventures, raising a new $150 million fund backed by Providence. The firm focuses on mission-driven healthcare investments and plans to expand its investor base to enhance due diligence and support for healthcare startups.
Providence spins out Praia Health, raises $20M Series A led by Frist Cressey Ventures to scale consumer health platform
Providence has spun out Praia Health and announced an oversubscribed $20 million Series A led by Frist Cressey Ventures to scale a new consumer-focused health platform; Community Health Network is Praia Health's first external customer and 17 organizations joined as program partners.
Providence launches Praia Health startup; platform supports 3M+ accounts and returned $20M+ in 2022
Providence launched Praia Health, a platform-as-a-service startup to modernize patient digital engagement by personalizing health journeys and connecting users to services; the platform—used within Providence since January 2022—supports over 3 million accounts and generated more than $20 million in measurable value in 2022. Startup veteran Justin Dearborn is executive-in-residence as Praia works with health systems and partners to commercialize its patent-pending identity and engagement technology.
Rose Health wins Cambia Grove’s TRAILS competition; to develop platform with Providence Digital Innovation Group and MultiCare
Baltimore-based mental health startup Rose Health won the TRAILS behavioral-health startup competition hosted by Seattle’s Cambia Grove, earning a partnership to develop its platform with Providence Digital Innovation Group and MultiCare Behavioral Health Network. Founded by CEO Kavi Misri and recently raising $1.7 million in seed funding, Rose offers patient self-care tools and a clinician dashboard with behavioral specialists supporting each healthcare customer.
