Redesign Health, a New York-based organization, has helped entrepreneurs start over 60 businesses since 2018.

Redesign Health, a startup that helps entrepreneurs start and grow healthcare businesses, has closed a $175 million investment for a new fund.

Since 2018, Redesign Health, a New York-based organization, has helped entrepreneurs start over 60 businesses that have brought in over $1 billion.

Redesign Health is concentrating on starting businesses in eight sectors where it believes innovation may have the biggest influence:

• Resolving the scarcity of workers in healthcare
• Quickening longitudinal and value-based care
• Improving interoperability in healthcare
• Getting ready for an elderly populace
• Removing obstacles to health equity
• Growing the number of care locations
• The number of insured people is increasing.
• Promoting consumerization and customisation in healthcare

“Healthcare founders today benefit from unprecedented tailwinds. AI, aligned payment models, patient demand for better care, and unsustainable cost pressures set the stage for generational value creation and social impact,” said Brett Shaheen, founder and CEO of Redesign Health, in a statement. “At the same time, building healthcare companies is really hard. Founders encounter opaque value chains, complex regulations, long sales cycles, and almost no tolerance for error. We built Redesign to help founders overcome these challenges and capture a historic opportunity to accelerate innovation in service of patients.”

Working with founders at every stage of their journey in three crucial areas is part of Redesign Health’s model. According to the organization, it provides extensive institutional knowledge and practical assistance for ideation and diligence, supported by a wide network of industry specialists and patented research tools. Through scalable demand generation technologies and existing ties with hundreds of healthcare companies, the platform expedites commercial traction. Founders also receive full execution support, which includes a vibrant founder community, wide-ranging networks of investors and talent, and operational knowledge unique to the healthcare industry.

True North Advisors, Euclidean Capital, and Declaration Partners are all involved in the fund.