Milt Capps over at Venture Nashville has the scoop on XMi Holdings executives' plans to build out their investing lineup with a new $20 million fund that will have the freedom to invest in a variety of sectors. The fund will look to take large stakes in promising companies, a good number of them likely in health care.
It has prospects in mind for investment, drawn from among companies with which XMi executives have become familiar in recent years. And, said Phillips, it will be "turning-on the spigot for referrals."
Local immunization data venture MedPass Health has raised $760,000 from its founders and seven angel investors and aims to grow its staff to 20 from today's half dozen over the next year. CEO Hallett Ogburn and his team also have struck a partnership with the University of Alabama Management Information Systems program. Milt Capps has that info and more — including another capital raise — here.
The UA alliance helped MedPass develop its initial platform by drawing on a formalized team of six UA MIS students, who each work 20 hours per week, with guidance from MedPass engineers and oversight by a sponsoring faculty member, Joanne Hale, Ph.D. The UA MIS students are now working on MedPass iOS and Android mobile apps, which are to be available by late Summer.
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