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Hansen will help lead Iora's rapid expansion with 16 new practices opening this fall

If a venture capital firm is like a baseball team, we may have just used the first pick in the draft to grab a terrific utility player with extraordinary range: he can hit for power, field anything that is hit to him, and is an all-around great teammate. Please welcome Ian Chiang to Flare Capital Partners.

Flare Capital Partners, a leading healthcare technology venture capital firm, today announced the addition of healthcare technology executive and entrepreneur Ian Chiang as a Principal.

There were a number of very exciting developments in the healthcare technology sector this past quarter. After a relatively modest investment pace in 1Q19 of $1.0 billion, nearly $3.2 billion was invested in 119 companies in 2Q19 according to Rock Health data, suggesting that the investment pace this year may be slightly ahead of last year’s record high of $8.2 billion. This level of activity reflects what continues to be an extraordinary market opportunity as the “business of healthcare” is transformed.

In the first quarter of 2019, Philly companies raised $224 million in venture capital across 23 deals. In the second quarter, there was $277 million raised also across 23 deals, for a total of $501 million — the most raised in the first quarter since PwC started tracking deals in 1995.