Cigna Launches Cigna Ventures
The insurer has committed $250 million of capital to Cigna Ventures to invest in promising startups and growth-stage companies that are unlocking new growth possibilities in health care and will bring improved care quality, affordability, choice, and greater simplicity to customers and clients. The venture will focus on companies across three strategic areas: insights and analytics; digital health and retail; and care delivery/management.
“Cigna’s commitment to improving the health, well-being and sense of security of the people we serve is at the front and center of everything we do. The venture fund will enable us to drive innovation beyond our existing core business operations, and incubate new ideas, opportunities and relationships that have the potential for long-term business growth and to help our customers.” – SVP and global lead, strategy and business development at Cigna, Tom Richards.