Town Hall Ventures has concluded its fourth investment fund, successfully raising $440 million to support the expansion of healthcare solutions aimed at serving underrepresented communities. The firm, which now oversees a total of $1.3 billion in assets, continues to pursue its mission of helping startups enhance the quality and affordability of care—this time with a stronger focus on artificial intelligence.
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Founded in 2018 by Andy Slavitt, the former head of the Centers for Medicare and Medicaid Services, Town Hall Ventures is recognized for supporting innovative healthcare companies at different stages of growth, from early launch to expansion. Its growing portfolio, now including 42 companies, features well-known startups like Ambience Healthcare, Qualified Health, Strive Health, and Thyme Care. These companies highlight the firm’s dedication to making advanced healthcare more accessible and fair through the use of innovative technology.
With the launch of this new fund, the firm plans to further support entrepreneurs using AI to address inefficiencies in the healthcare system. Meera Mani, MD, a General Partner at Town Hall Ventures, said the firm’s future focus will be on founders who are using AI not just as a tool, but as the core of their solutions. According to her, the aim is to reduce healthcare costs, improve treatment outcomes, and expand access to quality care for communities that are often overlooked by traditional healthcare systems.
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A major part of this investment strategy involves supporting AI-first companies that can transform how clinical operations are managed, especially in areas with a high impact such as medical documentation and patient communication. The firm is confident that generative AI technologies will significantly change how healthcare is provided, particularly for those who face challenges in accessing care.
In addition to raising new capital, Town Hall Ventures has also made leadership changes to support its expanding goals. Catherine Olexa-Meadors has been hired to lead the Partnerships and Growth team, and Will Stokes, who co-founded Strive Health, has returned to lead Hatch, the firm’s venture creation division focused on starting new companies. The firm estimates that its portfolio companies currently serve nearly 20% of the U.S. population, highlighting its expanding presence in the national healthcare sector. By focusing on investments that merge technology with purpose-driven innovation, Town Hall Ventures aims to address long-standing issues in healthcare access, cost, and quality—especially for groups that have historically been left behind.
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