- OTV, formerly Olive Tree Ventures, received $170 Million in funding
- Company also announced expansion to the Asian region
- OTV’s portfolio includes various digital health leaders
OTV digital health venture capital firm announced the closing of a fund with a total value of $170M. The firm also announced its new name and the appointment of a new Head of Asia Pacific to spearhead the fund’s expansion into the region’s market.
OTV is the only venture capital fund in Israel whose primary focus is digital health. They specialise in supporting their portfolio companies to reach maturity, refine execution. They also tackle regulatory hurdles and ensure a global imprint on validated products.
Over the course of the past five years, OTV has prioritized investment in digital health companies. These companies develop cutting-edge solutions to today’s most pressing healthcare problems.
OTV’s portfolio includes some of the world’s highest-profile digital health leaders, including TytoCare, Lemonaid Health, Emedgene, Scopio, and Donisi Health.
A Talk with General Partner- Alejandro Weinstein
“OTV’s goal for the upcoming period is to harness our expertise in facilitating the growth of digital health companies, and, with laser-sharp focus, identify the market leaders of tomorrow,” said Alejandro Weinstein, General Partner, OTV.
“Digital health technology is increasingly important for strained healthcare systems seeking to provide accessible and affordable treatment, especially to traditionally under-served populations. The Covid-19 pandemic elucidated the importance of digital products to the global healthcare ecosystem, but industry pain points predated the current crisis and clear solutions will be needed in the years to come.” He added.
Together with Partner Manor Zemer, the OTV leadership team comprised of investors with a wide range of backgrounds. This includes healthcare, technology, private equity, and financial services, and with experience in the US, LATAM, Israeli and Asian markets.
New Leader for New Region
OTV also announced today the appointment of Jose Antonio Urrutia Rivas as Head of Asia Pacific. Jose is a graduate of the China Europe International Business School in Shanghai’s MBA program and previously worked at LarrainVial as the Asian Market developer.
Equipped with a wealth of experience in the region, Jose will manage OTV’s new Asia Pacific office, based in China. The new office will complement existing branches in New York, Tel Aviv, and Montreal. OTV will offer portfolio companies the opportunity to expand in a region where the digital health field is robust and well-developed.
“I am excited to lead OTV’s expansion into the Asia-Pacific region. OTV plays a vital role in the global digital health economy,” said Jose Antonio Urrutia Rivas, Head of Asia Pacific, OTV.
