Town Hall Ventures Raises $440 Mn Fund to Drive Health Equity-Focused AI Startups

It will invest in AI-first companies that are focused on serving less-resourced communities, trying to advance their commitment towards health equity through AI innovation.

New York-based leading healthcare-focused venture capital firm, Town Hall Ventures (THV), has announced the close of its fourth funding round with $440 million in capital commitments.

The fund is aimed at backing those companies leveraging artificial intelligence to reduce healthcare costs, enhance outcomes, and bridge systemic access gaps across the U.S. healthcare ecosystem.

THV and its partners will invest in AI-first companies that are focused on serving less-resourced communities, trying to advance their commitment towards health equity through AI innovation.

Speaking her thoughts, Meera Mani, M.D., general partner of Town Hall Ventures, said, "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."

Founded in 2018 by Andy Slavitt, Trevor Price, and David Whelan, THV till now has invested in 42 companies across launch, venture, and growth stages.

The firm has recorded USD 1.3 billion in assets under management.

As per reports, 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.

Its portfolio includes notable startups such as Strive Health, Thyme Care, Cityblock Health, and Unite Us, all of which focus on value-based care and technology-enabled healthcare delivery.

Reportedly, the company, to support the deployment of Fund IV and accelerate portfolio company success, has announced key additions to its leadership, which include Catherine Olexa-Meadors as Head of Partnerships & Growth, and Will Stokes to lead its company creation arm, Hatch.

These new additions are expected to strengthen THV’s operational capabilities and deepen collaboration with portfolio companies.

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