First Launch Capital Fund Announces Seventh Investment
First Launch Capital Fund makes investment in Fuse Oncology
Greensboro, North Carolina—First Launch Capital Fund, a pre-seed/seed-stage venture capital fund headquartered in Greensboro, has closed an investment in Fuse Oncology (Fuse), a spin-out of Cone Health/Cone Ventures.
First Launch Capital Fund (FLCF), formed in 2018, invests in entrepreneurs and companies at the earliest stage of their development to expand the culture of innovation throughout the 12-county Piedmont Triad region. The Fund is focused on capital appreciation, economic development and job creation through investments in early-stage companies with high growth and future funding potential.
Fuse Oncology, FLCF’s seventh investment, is creating a new practice management platform that improves efficiency, quality and safety in oncology practices. The Fuse platform supports the entire patient engagement cycle, from compressing the time required to take cancer patients from initial consultation to treatment, to streamlining the billing process and automating tasks to reduce error rates.
“Fuse Oncology is a terrific example of our local employers making real investments in entrepreneurship,” said Adam Duggins, First Launch Capital Fund Investment Committee member. “We hope other large employers in the Triad follow the model that Cone Health has set towards investing in startups that can both help their organizations and create scalable growth opportunities here in the Triad.”
James Bauler, CFO of Fuse Oncology, said, "We highly value the relationship with First Launch Capital and their presence here in Greensboro. Their support and funding will allow us to commercialize a scalable version of our proven Signal software as step one in our vision to build a seamless radiation oncology experience that drastically reduces the time to initiate treatment.”
Fuse Oncology was spun out to commercialize technologies developed and utilized at Cone Health over the last several years. The company is currently expanding its platform capabilities and selling to other radiation-oncology practices.
About Fuse Oncology
Fuse Oncology delivers SaaS solutions that break down healthcare workflow and data silos to create a seamless experience for clinicians in radiation oncology. By placing the broader electronic medical record system at the center of the architecture, Fuse eliminates duplicative and inefficient efforts to enable a future where oncology care moves at the speed of patients.
For more information visit www.fuseonc.com.
James Bauler, CFO
About First Launch Capital Fund, LLC
First Launch Capital Fund is a seed-stage venture fund based in the Piedmont Triad region of North Carolina. We invest in start-ups and early-stage companies with high-growth and future funding potential at their earliest stages. Our focus is on tech and tech-enabled companies headquartered in the 12-county Piedmont Triad. Our team and investors work closely with entrepreneurs to help build scalable businesses.
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