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Laxman Pai, Opalesque Asia: Former Google Ventures CEO Bill Maris has seen his venture capital firm Section 32 strike a $740m final close for its fourth fund.
Investors in Fund 4 include leading philanthropic and non-profit organizations, educational endowments and foundations, and leaders from the technology and healthcare sectors. Section 32 Fund 4 will support companies across all stages that are pioneering innovations at the forefront of technology and healthcare.
Led by Bill Maris, founder, Section 32 invests across the entirety of technology and life sciences. This includes software, cybersecurity, advanced communications and computation, space, climate change-related technologies, machine learning, artificial intelligence, biotechnology, therapeutics, advanced diagnostics, precision medicine, genomics, and more. The firm has made eight investments from Fund 4 following an initial close of the fund in July 2021.
The closing of Fund 4 brings assets under management for Section 32 to over $1.8bn. To date, Section 32 has made investments in more than 70 companies including Coinbase (Nasdaq: COIN), Crowdstrike (Nasdaq: CRWD), Relay Therapeutics (NASDAQ: RLAY), Thrive Earlier Detection (Acquired by Exact SciencesNASDAQ: EXAS), and Vir Biotechnology (NASDAQ: VIR).
With the closing of its oversubscribed Fund 4 and to support its continued growth, Section 32 also announced the appointment of Nina Labatt to the role of Chief Operating Officer and Chief Financial ...................... To view our full article Click here
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