Hippocratic Ventures is a physician funded social impact venture capital fund focused on investing in digital therapeutics.
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Revenue: $0
Employees: 0-0
Address: 85 Broad Street 18th Floor
City: New York
State: NY
Zip: 10004
Country: US
Hippocratic Ventures is a physician funded social impact venture capital fund focused on investing in digital therapeutics. Hippocrates Ventures is a social impact digital therapeutics fund which is completely funded by 100 physician investors investing $100K each for a total fund size of $10 million. Digital therapeutics, also known as software as a drug, is the concept of a digital program having a clinical and repeatable outcome to either prevent or treat disease. Digital therapeutics has the potential to prevent and treat major conditions such as diabetes, heart disease, obesity, smoking cessation, alcoholism, stroke, cancer prevention, stress, mental health conditions, and a variety of other diseases. The global digital therapeutics market is anticipated to reach USD 9.4 billion by 2025, according to a new report by Grand View Research, Inc. The growth of the market is catapulted by increasing incidences of chronic diseases, increasing emphasis on preventive healthcare, the need to curb healthcare expenditures, and added benefits offered by digital therapeutics. Rise in number of venture capitalists that are investing in the market is another factor that is accelerating its growth.
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