SAN FRANCISCO, CA, January 28, 2026 /24-7PressRelease/ -- Manav Sevak, the founder and former CEO of Memora Health, has officially launched Novitas Holdings, a technology-focused investment firm that supports founder-led companies across multiple industries. The firm's approach combines financial backing with hands-on operational and strategic guidance, helping startups navigate the challenges of early-stage growth and beyond. The announcement follows Sevak's successful exit from Memora Health, which Commure, a leading provider of healthcare operating systems, acquired.

The acquisition of Memora Health closed in mid-2024. While financial details were not disclosed, the deal marked a significant milestone for both organizations. Memora's technology, which had already gained recognition for improving patient engagement and outcomes, is now integrated into Commure's unified platform, enhancing the company's ability to offer scalable, modern healthcare solutions.

Novitas Holdings leverages Sevak's experience at Memora Health. Under his leadership, Memora grew into a platform that automated and personalized patient communication for healthcare systems. The company raised over $80 million from prominent investors such as Y Combinator and Andreessen Horowitz and became known for helping clinicians streamline workflows and improve patient outcomes. With Novitas, Sevak intends to extend that same philosophy, supporting startups not just with capital but with practical guidance, operational frameworks, and founder mentorship.
The firm targets companies that are solving meaningful problems and are built for long-term relevance. In addition to providing early-stage funding, Novitas can also participate in acquisitions of technology businesses, enabling portfolio companies to accelerate growth and expand their reach. While Sevak has not yet publicly commented on the launch, the firm is already engaging with an initial cohort of startups.

Memora Health's impact on healthcare technology set the stage for Novitas Holdings. The platform helped healthcare providers automate routine patient interactions, including appointment reminders, intake processes, post-discharge check-ins, and condition-specific care plans. By reducing administrative burdens, Memora allowed clinical teams to focus on patient care rather than manual messaging. Its seamless integration into existing workflows and measurable impact on patient engagement made Memora a standout in the healthcare technology landscape.

When Commure acquired Memora in 2024, the merger combined two innovative healthcare technology companies. Memora's patient engagement capabilities became an integral part of Commure's broader operating system, strengthening the company's ability to offer a comprehensive, end-to-end solution for health systems across the country. The acquisition highlighted the growing importance of technology platforms that support both efficiency and quality care in the healthcare sector.

Novitas Holdings is structured as a technology-enabled investment platform that applies data-driven insights and operational expertise to support portfolio companies beyond the scope of traditional venture capital. The firm works closely with founders on product strategy, go-to-market execution, talent acquisition, and scaling operations. By embedding hands-on support into its investment approach, Novitas positions itself as a long-term partner for technology-driven startups.

Sevak's vision for Novitas Holdings is centered on building durable, mission-oriented companies. He and his team aim to empower entrepreneurs who are committed to solving complex problems and creating lasting value. Drawing on lessons from Memora Health, Novitas combines capital investment with mentorship, operational guidance, and strategic collaboration to help startups reach their full potential.

As Novitas Holdings embarks on this next chapter, Sevak and a supporting team of seasoned operators are poised to support the next generation of technology innovators. With a focus on founder-led businesses and long-term impact, the firm seeks to foster companies that can thrive in competitive markets while making meaningful contributions to their industries and communities.

To learn more visit: https://www.linkedin.com/in/manavsevak/

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