What You Should Know:
Allumia Ventures, formerly Providence Ventures, has officially spun out to become an independent venture capital firm, following the first close of its third fund. While maintaining a partnership with Providence as an Anchor Limited Partner, Allumia aims to collaborate with additional healthcare organizations. Established in 2015, Allumia focuses on digital health, tech-enabled healthcare services, and MedTech investments, boasting a portfolio of 28 investments and ten successful exits. Led by Jeff Stolte and partners, the firm emphasizes delivering venture-class returns and addressing critical healthcare challenges.