ANNOUNCING TOWN HALL VENTURES’ FUND IV: INNOVATING FOR BETTER HEALTH OUTCOMES OVER THE NEXT DECADE

By Meera Mani, MD, PhD, General Partner, Town Hall Ventures

Town Hall Ventures announced today that we have begun the investment period for our fourth and largest fund, a $440 million vehicle that will allow us to continue our mission of transforming how healthcare works for the people and communities too often left behind, while generating exceptional returns.

For the last eight years, Town Hall Ventures has invested behind incredible founders who have led important paradigm shifts  in healthcare, across areas like cancer care, Medicaid, rural health, clinician productivity, and senior care. We believe the next few years  will bring even more significant opportunities as a wave of technology breakthroughs - therapeutics, diagnostics, smart devices, and of course generative AI - fundamentally reshape US healthcare. And unlike the past decades where healthcare was slower to realize productivity gains from innovations as compared with other sectors, the rising cost of employer-sponsored healthcare, large reductions to Government healthcare expenditure,  and labor shortages are creating a ‘burning platform’ for change. 

Given this context, we think that those who believe that the venture model is not compatible with improving healthcare for underserved communities are simply missing the point. 

There are vast whitespaces and durable moats - in primary care, home care, managing  medications, and in modernizing healthcare infrastructure - if you know where to look. And if you know how to connect the best payment model with the best AI-native business model, and align with policy tailwinds. As healthcare sector specialists, this is what we do.  Through our Fund IV, we are excited to partner with the best technologists and product builders  who want to apply the venture model to make a difference. Healthcare is often described as notoriously hard to break into. We hope to make that easier, in collaboration with our enthusiastic ecosystem of partners, which include health systems, community health centers, health plans, and Government leaders. 

The next decade may well be the most dynamic one we have seen in healthcare for my generation. It  is a responsibility and privilege in this moment to ensure that the innovations reduce inequities rather than expand them. 

Read more here about our thesis on AI in healthcare services and here for the Forbes story on Town Hall Ventures Fund IV.