HealthX finalizes $20M fund

HealthX Ventures, led by Mark Bakken, has finalized its first fund at more than $20 million thanks to commitments from Bakken and about 75 investors from Madison and around the country.

The venture fund will be used to support 10 to 12 young companies focused on lowering the cost of health care and improving the lives of clinicians, patients, and families, according to the Wisconsin State Journal.

About a fourth of the money has already been invested. The rest will be invested over the next three to four years.