AlleyCorp, a NYC firm dedicated to founding, funding, and building transformative companies across industries, launched the AlleyCorp Healthcare Fund, a $100m early-stage venture capital fund and incubator dedicated to healthcare.
The AlleyCorp Healthcare Fund will continue AlleyCorp’s approach of both founding companies and funding existing startups.
The fund will deploy $100M in early-stage capital for incubations and investments over the next few years with a focus on NYC-based digital health startups. AlleyCorp also will strategically partner with companies across the country in healthcare subsectors like biotech and diagnostics.
Incepted in 2007 by Kevin Ryan, AlleyCorp has founded several of New York’s most successful technology companies, including MongoDB, Gilt Groupe, Business Insider, and Zola. Recently, the team has served as co-founder or first investor of 20 healthcare startups that have already gone on to raise around $500M in funding, including Nomad Health, Vori Health, Pearl Health, and Memora Health.
Chaired by Ryan, the AlleyCorp Healthcare Fund is physician-led with Brenton Fargnoli, M.D., serving as Managing Partner and Jeff De Flavio, M.D., as Partner & Entrepreneur-In-Residence. The team also includes medical students Omar Njie and Sherman Leung, as well as Jane Suh, formerly of Andreessen Horowitz.
In addition to patient care, this team has founded or been early operators at leading digital health startups such as Flatiron Health, Nomad Health, Groups Recover Together, CityBlock Health, Clover Health, and PatientPing.
While AlleyCorp is industry-agnostic, it also has a dedicated Robotics Fund and Canada-focused fund in addition to Healthcare.
FinSMEs
01/10/2021