Google Ventures Betting Big On Medtech, Biotech, Digital Health

gv-on-blackWith solid financial backing from parent company Alphabet, Inc., Google Ventures (GV) is pressing ahead with plans to invest heavily in medtech, biotech, and digital health ventures to disrupt and transform healthcare.

Venture capitalists pumped a record $57 billion into U.S. companies in 2014, but just 5.9 percent of those investments were in medtech companies, according to an industry report. In the first half of 2015, medtech companies have pulled in only 3.8 percent of venture dollars.

But while most investors have been hesitant to bet on healthcare companies, that’s not the case for GV, which has poured significant investments into companies in the medtech, life sciences, and digital health arenas, according to GV founder Bill Maris. He can afford to be bold, as GV’s funding draws from Alphabet’s huge financial resources.

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About Peter Coffaro 1091 Articles
A growth-driven and strategic executive, Peter Coffaro commands more than 20 years of progressive management success within the medical device industry. As a District Sales Manager for Stryker Orthopaedics, Peter was responsible for managing and directing a regional sales force to achieve sales and profit goals within the Rocky Mountain region. Previously, he was the Director of Sales & Marketing for Amp Orthopedics. In this role, Peter was responsible for planning, developing, and leading all sales and marketing initiatives. Peter is a former orthopedic distributor in the Pacific Northwest. He has also worked with DePuy Orthopaedics as well as Zimmer, and held positions in sales, sales training, and sales management. Peter has an extensive background in organizational development, business development, sales management, negotiating and P&L management. Peter holds a B.S. degree in Biology from Northern Illinois University.

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