Big Data investor IA Ventures has raised a new $105 million fund that it will funnel into two dozen or so startups over the next three years.
The New York-based venture firm invests in “companies that create competitive advantage through data,” usually in pre-revenue stages. With its second fund, IA will try to balance its portfolio with both seed and later-stage companies, doing more follow-on investing as well as funding new companies, founder Roger Ehrenberg told TechCrunch.
Might one of those new companies be a healthcare startup? Well, there aren’t any health-related companies in IA’s existing portfolio.
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But, it’s hard to imagine investors aren’t taking note of all of the new companies emerging as floods of data arise from digital health devices and platforms, some of which have already garnered investments from high-profile firms like Bain Capital, Morgan Stanley and North Bridge Venture Partners.