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June 30, 2021 | Tom Ballard

New fund announced that is focused on Western NC healthcare start-ups

If you happen to be a start-up located in Western North Carolina, here’s some good news.

Hatteras Venture Partners has announced the launch of the Pisgah Fund, a $50 million investment fund targeting new and existing high-growth, healthcare-related businesses in the 18 counties that comprise the western portion of the state. Hatteras closed on the Pisgah Fund in late April. Primary investors include Dogwood Health Trust and the HCA Healthcare Mission Fund, each with the goal of fueling economic development that in turn improves health and wellness within the region.

As noted in this post from May 2020, HCA launched the $25 million Mission Fund soon after acquiring Mission Health, then the sixth largest health system in the state.

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