Google Ventures Founder Launches $ 100 Million Health Fund

by bold-lichterman

  • Called “Section 32”, this new fund dedicated to health and biotechnology will be based in San Diego and endowed with $ 100 million.
  • Initially, Bill Maris, founder of Google Ventures, was set to set up a $ 230 million healthcare fund in December 2016.
  • A graduate in neuroscience and passionate about human biology, Bill Maris founded Google Ventures in 2009.

Bill Maris continues his efforts to help people live better and longer lives. The founder of Google Ventures has indeed decided to launch a fund dedicated to health and biotechnology. Baptized “Section 32», In reference to the Star Trek series, it will be based in San Diego and endowed with 100 million dollars.

Initially, Bill Maris was set to set up, in December 2016, a $ 230 million health care fund. However, the former boss of Google Ventures finally gave up on launching it to develop a more modest fund. In the latter, he will be the sole investor insofar as the presence of other investment partners would oblige him to account for his activities.

“Serial investor” in health at Google

Bill Maris’ interest in health is nothing new. A graduate in neuroscience and passionate about human biology, in 2009 he founded Google Ventures, the financial arm of the Mountain View firm, to increase investments in innovative start-ups, especially those seeking to revolutionize health care.

On behalf of the Alphabet subsidiary, he injected $ 100 million into Flatiron Health, a start-up developing a cloud platform for oncology data to improve cancer treatments, in 2014. That year, more than A third of the investments of Google Ventures, since renamed GV, had been devoted to health and the humanities. Last summer, Bill Maris chose to end his adventure at Google to focus on his personal projects.

Read also: 15 minutes with Bill Maris, founder of Google Ventures