(PatriotPostNews.com) — An organization run by veterans of the United States military has raised more than a million dollars to fund its second initiative related to healthcare technology.
J2 Ventures, a company that partners with young businesses that offer healthcare, security, infrastructure, and computing products in both the military and civilian sectors, has obtained $150 million to further its mission. The Boston-based company’s initial fund, launched in 2021, totals $67.5 million, less than half of the new funding.
J2 Ventures generally invests in businesses which strive to benefit military personnel in the areas of health and well-being. Their work impacts roughly three million members of the United States military. The company partners with more than two dozen startup operations and is the only institutional investor in Lumia Health, Micron Biomedical, and Aalyria.
The capital investment firm is supported by some of the world’s top limited partners, including the New Mexico State Investment Council, MetLife, and JP Morgan.
According to a July 4 press release from the company announcing its new fund, J2 Ventures’ managing partner Alexander Harstrick described the growing ability to positively impact American military members as “an honor.” He added that the expansion of “our portfolio” and “doubling down” of preexisting partnerships serves as a “great confidence boost” that their “model” is both attractive to investors and like-minded companies. J2 Ventures is “just getting started,” he said.
And advisor to the company, Dr. Raquel Bono, added via the release that the business is “a special team” that conducts “fantastic work” in areas that are most in need of “innovation.” Bono, who previously served as the Defense Health Agency’s director, also said that he only joined the movement because J2 Ventures is determined to solve “the hardest challenges” and promote positive change by providing “best in class capabilities” for members of the United States military.
He also said that he has “not been disappointed,” stating that the company has “done more” than meet the standards of “the deal.”
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