Country for PR: China
Contributor: PR Newswire Asia (China)
Thursday, September 01 2022 - 11:00
AsiaNet
Top healthcare executive sets up fundraising platform matching healthcare startups to medical investors
SINGAPORE, Sept. 1, 2022 /PRNewswire-AsiaNet/ --

- Chris Lee aims to transform healthcare fundraising through VentureBlick's 
fundraising platform and professional community

Chris Lee, one of the most experienced healthcare executives having held senior 
positions including president of Medtronic Asia Pacific and head of Bayer 
Healthcare Asia Pacific, today announced his new role as the founder and CEO of 
VentureBlick, a platform aiming to transform healthcare fundraising by matching 
healthcare startups with medical investors. Unlike traditional investors, 
medical investors who join the platform, namely physicians, clinicians, 
hospital administrators,and healthcare industry professionals with deep domain 
expertise and user experience, will provide unparalleled value to startups – 
not just as their investors, but also as their advisors and future customers.

As an early-stage startup aiming for an IPO, VentureBlick is dedicated to 
helping early-stage healthcare startups get funding, product validation, and 
market insights from medical investors – their ultimate customers – through its 
fundraising platform and professional community. In turn, medical investors get 
the chance to play an active role in developing the healthcare ecosystem and 
invest in the latest innovations in healthcare – an area they are most familiar 
with.

Healthcare startups face unique challenges such as long product development 
time and high barriers to market access due to quality, regulatory, and 
clinical requirements. These are in addition to two critical success factors 
faced by every startup founder: securing funding without losing focus on their 
product and validating if their product is what customers really want.

VentureBlick's platform will allow medical investors to systematically 
evaluate, advise and invest in healthcare startups. Once the startup idea is 
endorsed by a certain level of medical investors, it will be open to other 
accredited investors who might not have medical knowledge but are interested in 
healthcare investment. Its unique fundraising mechanism will enable founders to 
raise funds without worrying about losing control over their startup, giving 
them peace of mind. The professional community will also give founders the 
support they need to develop a product the market really needs. In addition, 
VentureBlick will partner with a broader group of institutional investors, 
helping them screen and de-risk startups with its unique model at the early 
stage before the startups are ready to collaborate with VCs or PEs for 
later-stage development. 

Chris Lee said, "Healthcare startups deserve a more specialized and effective 
support system because the ecosystem they operate in is very unique. How can we 
help them get market insights and customer feedback earlier in their journey? 
Is there a better way to motivate all stakeholders to work together and 
accelerate innovation? This inspired me to create a platform where startups can 
meet their future customers so they can nurture new innovations together. After 
30 years in the healthcare industry, I see a huge unmet need here and hope 
VentureBlick can help narrow the gap."

VentureBlick has a presence in Australia, Korea, Singapore, and the USA. It is 
in the midst of establishing a presence in China by early next year. Its 
fundraising platform is targeted to launch in early 2023, and healthcare 
startups and medical professionals who are interested may pre-register their 
interest at www.ventureblick.com. In addition, VentureBlick will launch its own 
venture capital fund, the VB Healthcare Fund, to invest in promising healthcare 
startups.

Lee has extensive experience across multiple healthcare sectors including 
pharmaceuticals, medical devices, animal health, diagnostics, and consumer 
healthcare. He has worked in more than 10 countries, holding senior regional 
and country leadership roles at Merck (MSD), Bristol Myers Squibb, Bayer, and 
most recently Medtronic. Lee is among few Asians appointed to Executive 
Committee positions in both top pharmaceutical and medtech companies. He has a 
strong track record across M&As, strategic partnerships, new market expansion, 
and startup incubation.

Lee is an active advocate of inclusive leadership and workplace happiness. He 
has won multiple management awards including Most Respected CEO from Great 
Place to Work for three consecutive years (2020-2022) and Executive of the Year 
2021 by Singapore Business Review.

About VentureBlick

VentureBlick aims to transform healthcare fundraising through its fundraising 
platform and professional community. Its fundraising platform matches 
early-stage healthcare startups with medical investors (physicians, clinicians, 
and industry experts) – the startups' potential customers – who can validate 
ideas, support, and fund, without diluting startup control. Its professional 
community provides the most practical and specialized advisory service, network 
opportunities, and need-based operational services to help the startups grow. 
It is the only fundraising platform that helps healthcare startups get funding, 
market insights, and customer endorsement, all in one go.

Follow us on LinkedIn or visit www.ventureblick.com

VentureBlick Media Contact / Investor Relations Inquiries

Elliza Yusof
Elliza.yusof@ventureblick.com
+65 9108 3101

SOURCE: VentureBlick

Image Attachments Links:

   Link: https://iop.asianetnews.net/view-attachment?attach-id=428151

   Caption: Chris Lee, Founder & CEO, VentureBlick.

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