Catalyst by Wellstar, an innovative venture firm established by one of Georgia’s leading health systems, announced the introduction of a $100 million venture fund, set to bolster the nation’s most promising startups and entrepreneurial efforts.
Wellstar is a major player in Georgia’s healthcare system, annually serving 1.6 million individuals. Last year, it provided an impressive $1.2 billion in uncompensated and charity care, surpassing all other health systems in Georgia. Catalyst by Wellstar intends to amplify this substantial impact by aiding promising startups to elevate health and wellness for patients within Georgia, and extending its influence nationally.
Over the course of the next five years, the fund plans to directly invest in more than 50 early-stage startups, ranging from pre-seed to Series A stages. It also expects to indirectly support an additional 150+ startups through limited partner investments in venture and growth equity funds that have demonstrated successful track records. These investments will target companies that resonate with Catalyst’s six core focus areas:
- Elevating customer experience
- Enhancing data, analytics, and security
- Promoting digital health initiatives
- Pioneering the future of work
- Optimizing supply chain, logistics, and mobility
- Championing sustainability
The venture fund launched by Catalyst is expected to significantly influence the landscape of health and wellness startups, helping them to innovate and address challenges more effectively, thereby improving healthcare outcomes.