– Town Hall Ventures, a healthcare-focused venture capital firm, today announced the launch of its fourth fund, secured with approximately $440M in capital commitments.
– The new fund will propel the firm’s central mission of leveraging the power of AI and other innovations to transform healthcare delivery for underserved communities across the United States.
Using AI to Improve Health Equity
Since its founding in 2018, Town Hall Ventures has invested in 42 companies across launch, venture, and growth stages. The firm’s current portfolio already reaches approximately one in five Americans, bringing comprehensive care models and the latest innovations to individuals often left behind by the traditional healthcare system.
With Fund IV, Town Hall and its network of partners are committed to deploying capital to help healthcare companies bring new technologies to the communities facing the biggest roadblocks to care first.
“With Fund IV, we will accelerate our mission by backing founders and technologists who are using AI as a core capability to lower costs, improve outcomes, and expand access to high-quality care for tens of millions of people underserved by the healthcare system,” said Meera Mani, MD, PhD, General Partner of Town Hall Ventures.
The investment strategy is built on the belief that mission and business success can be aligned. Limited Partner John Doerr highlighted this synergy: “The obsession that the Town Hall team has with turning mission into business alpha has made it easy for me to join them in all four of their funds. Population need and big business opportunities aren’t the same thing. It takes a special group of people to see that intersection and turn it into reality.”.
Strategic Leadership Expansion
To support the deployment of Fund IV and accelerate portfolio company success, Town Hall Ventures has announced key additions to its leadership team, which includes current partners Andy Slavitt, David Whelan, Meera Mani, and Anna Fagin:
Catherine Olexa-Meadors has joined as Head of Partnerships and Growth. Drawing on her experience scaling healthcare startups like Aledade and Remedy Partners, she will focus on accelerating portfolio company success and deepening network engagement.
Will Stokes, Co-Founder of Strive Health, has rejoined Town Hall to lead Hatch, the firm’s company-creation studio. Hatch collaborates with the Town Hall network to build transformational healthcare businesses.
