An investment firm targeting seed stage investment in health IT and other software startups is raising a $50 million fund, according to a report by Fortune.
Two of the investors behind Refactor Capital’s fund have worked for Google: David Lee, who also co-founded SV Angel and Zal Bilimoria, who has worked for Andreessen Horowitz. Rick Barber, the former chief of staff at healthcare analytics company Nuna Health is also listed as investor in the Form D filing on the U.S. Securities and Exchange Commission’s website. It will focus on West Coast based companies, according to the article.
There are several venture investor firms targeting seed stage healthcare startups. Healthy Ventures launched a seed stage investment fund targeting digital health last year. Digital health deals totaled $4.5 billion last year, according to Rock Health. Seed and Series A rounds accounted for the majority of investments.
Photo: Flickr user AMagill
