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Investments

6

Portfolio Exits

2

Funds

1

Partners & Customers

1

About Jove Equity Partners

Jove Equity Partners is a venture capital firm.

Jove Equity Partners Headquarter Location

New York, New York,

United States

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Latest Jove Equity Partners News

Health Exec Healthcare giants invest $200M in digital health benefits startup Transcarent The Palo Alto, Califo...

Jan 13, 2022

Three of the nation’s top healthcare systems have invested $200 million into Transcarent, a digital health and benefits management startup, the organizations announced this week. Northwell Health, Intermountain Healthcare and Rush University Medical Center all contributed to the Series C financing round, bringing Transcarent’s war chest to $298 million and its total valuation to $1.62 billion, according to Forbes . Both Kinnevik and Human Capital led this round of fundraising, with contributions from Ally Bridge Group and existing investors Merck Global Health Innovation Fund, 7wireVentures and General Catalyst, Alta Partners, Jove Equity Partners, Threshold Ventures and GreatPoint Ventures. Palo Alto, California-based Transcarent bills itself as a “new and different” company catering to self-insured employers and their employees, offering concierge medicine without premiums. The startup operates using an at-risk model in which it pays providers without charging upfront, monthly, per-employee fees, according to the announcement. “For years, we’ve been anxiously waiting for more wide-ranging reform towards value in the healthcare industry and felt it has never been fully addressed — mostly because no one entity was willing to build a better end-to-end health and care experience from the ground up,” Christian Scherrer, investment manager for Kinnevik, said in a statement. “We see Transcarent as the first company to address the challenge head on in a new and different way that is focused, first and foremost, on the consumer.” Transcarent has grown quickly, merging with BridgeHealth, a startup offering employers access to pre-negotiated rates on hundreds of surgeries, in October 2020. The firm also announced a partnership with Walmart in October 2021 to provide low-cost pharmaceuticals and other services to self-insured employers and their families.

Jove Equity Partners Investments

6 Investments

Jove Equity Partners has made 6 investments. Their latest investment was in Transcarent as part of their Series C on January 1, 2022.

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Jove Equity Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/11/2022

Series C

Transcarent

$200M

No

27

6/10/2021

Series B

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$99M

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10

10/22/2020

Series A

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$99M

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10

9/19/2015

Seed VC

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$99M

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10

2/19/2013

Series A

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$99M

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10

Date

1/11/2022

6/10/2021

10/22/2020

9/19/2015

2/19/2013

Round

Series C

Series B

Series A

Seed VC

Series A

Company

Transcarent

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Amount

$200M

$99M

$99M

$99M

$99M

New?

No

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Co-Investors

Sources

27

10

10

10

10

Jove Equity Partners Portfolio Exits

2 Portfolio Exits

Jove Equity Partners has 2 portfolio exits. Their latest portfolio exit was FullContact on February 10, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/10/2021

Acquired

$99M

1

7/15/2019

Merger

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$99M

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10

Date

2/10/2021

7/15/2019

Exit

Acquired

Merger

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

1

10

Jove Equity Partners Fund History

1 Fund History

Jove Equity Partners has 1 fund, including Long Island Emerging Technologies Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/31/2013

Long Island Emerging Technologies Fund

Early-Stage Venture Capital

Closed

$1M

1

Closing Date

12/31/2013

Fund

Long Island Emerging Technologies Fund

Fund Type

Early-Stage Venture Capital

Status

Closed

Amount

$1M

Sources

1

Jove Equity Partners Partners & Customers

1 Partners and customers

Jove Equity Partners has 1 strategic partners and customers. Jove Equity Partners recently partnered with Topspin Consumer Partners on June 6, 2014.

Date

Type

Business Partner

Country

News Snippet

Sources

6/5/2014

Partner

United States

Posted on June 5, 2014 by Accelerate Admin. Accelerate Long Island and the Long Island Emerging Technologies Fund Announce $500K in Funding for Five Biotech and Clean Energy Startups

Our partnership with Accelerate Long Island is providing much needed seed funding to high-tech and biotech startups to advance the commercialization of technologies developed at Long Island Emerging Technologies Fund 's renowned research institutions .

1

Date

6/5/2014

Type

Partner

Business Partner

Country

United States

News Snippet

Posted on June 5, 2014 by Accelerate Admin. Accelerate Long Island and the Long Island Emerging Technologies Fund Announce $500K in Funding for Five Biotech and Clean Energy Startups

Our partnership with Accelerate Long Island is providing much needed seed funding to high-tech and biotech startups to advance the commercialization of technologies developed at Long Island Emerging Technologies Fund 's renowned research institutions .

Sources

1

Jove Equity Partners Team

1 Team Member

Jove Equity Partners has 1 team member, including current Managing Director, David Calone.

Name

Work History

Title

Status

David Calone

Paul Weiss, Government of New York, and U.S. Department of Justice

Managing Director

Current

Name

David Calone

Work History

Paul Weiss, Government of New York, and U.S. Department of Justice

Title

Managing Director

Status

Current

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