Philips invests in healthcare technology companies

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Royal Philips Electronics will participate in a new venture capital fund, Gilde Healthcare III, which will focus on early- and growth-stage healthcare technology companies in Europe and the U.S.

The fund will work toward the development of home healthcare solutions, sleep improvement techniques, image-guided interventions and therapies, as well as clinical decision support with particular emphasis on cardiology, oncology and women’s health, stated the company.

Philips said it holds a minority share in the fund, and it is being joined by additional institutional financial investors. The fund has a target size of €200 million ($250 million U.S.).