Just three years old, Oak HC/FT closes its second fund with $600 million


At three years previous, okayHC/toes is a young firm. but its investors obviously have faith in the outfit. It closed its debut fund with $ 500 million in late 2014; the day past, it closed its second fund with $ 600 million.

Having ties to an organization that buyers know smartly goes a long way in explaining their belief. alrightHC/feet spun out of o.k.Investment partners, a powerhouse that manages more than a dozen dollars focused on personal fairness-kind investments in tech and has invested billions of greenbacks in a whole bunch of firms on the grounds that its 1978 founding.

The younger carve-out — which is focal point exclusively on monetary and healthcare technology companies — additionally has its share of star energy, including Annie Lamont, who joined o.k.in 1982 and is the managing companion of very wellHC/ft; her many bets through the years embrace Castlight health, a well being benefits platform that went public in 2014, and Poynt, a 3-12 months-outdated, software-enabled point-of-sale device that merchants use to just accept credit and debit cards.

The agency, which options seven full-time buyers (plus three analysts), additionally counts amongst its four project partners Zeke Emanuel, the famous oncologist and bioethicist.

all rightHC/feet usually appears to take a position between $ 5 million and $ 50 million in increase-stage companies, and between $ 15 million and $ 35 million in prior-stage venture startups. a few of its largest bets to this point embrace LDI, a full-service pharmacy advantage management company; VillageMD, a management products and services company that companions with healthcare providers to beef up care delivery; and, on the fintech facet, Insureon, a web based agency that provides insurance safety services for small businesses.

price noting: The firm does no longer define healthcare as encompassing bioengineering startups or scientific units, but quite pharmaceutical products and services, alternative-care delivery fashions and sub-population administration companies.

different investments embody Aspire well being, a Nashville-primarily based provider of home and outpatient-based palliative care; Feedzai, a San Mateo, Ca.-based totally startup that makes use of laptop finding out to reduce financial fraud; and Trov, a subsequent-era insurance coverage platform in Danville, Ca., that sells on-demand micro insurance for products.

ultimate month, the agency saw its first exit, too: Thermo Fisher Scientific’s acquisition of Core Informatics, a cloud-based totally platform supporting scientific knowledge administration. terms of the deal were not disclosed. consistent with Crunchbase, the eleven-year-old firm had raised $ 22.5 million from investors, together with $ 17.5 million in series B funding from all rightHC/feet in 2015.

Fundings & Exits – TechCrunch


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