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Providence Spins out VC Arm, Renames as Allumia Ventures, and Seeks Partnerships with Other Health Systems

Jan 16, 2025•over 1 year ago

Contract Type

partnership

RentonHealth CareNon Profit

Description

Providence has spun out its venture capital arm, renaming it as Allumia Ventures, and investing $150 million into the third venture fund. The firm is seeking limited partner investors from 3-5 other health systems to expand the fund to $200-250 million.

Company Information

Company

Providence

Location

Renton, Washington, United States

About

Providence St. Joseph Hospital and Providence Redwood Memorial Hospital are part of the Providence health system, dedicated to providing high-quality care to the communities they serve in Northern California. The organization is committed to clinical excellence and serving those most in need.

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