Town Hall Ventures

Town Hall Ventures is a New York-based venture capital firm dedicated to transforming the U.S. healthcare system, particularly for vulnerable and underserved populations. Co-founded by healthcare veterans Andy Slavitt, David Blumenthal, and Trevor Price, the firm leverages its deep industry expertise and policy insights to back companies that are innovating care delivery, improving access, and driving down costs. Their mission is rooted in the belief that technology and novel care models can address systemic inefficiencies and inequities within the complex healthcare landscape.

The firm primarily invests in early to growth-stage healthcare technology and services companies. Their investment thesis centers on businesses that demonstrate a clear path to improving outcomes and experiences for patients, often through value-based care models, digital health solutions, and community-based interventions. Town Hall Ventures seeks out entrepreneurs who are not only building scalable businesses but are also committed to creating meaningful social impact in healthcare.

Since its inception, Town Hall Ventures has successfully raised multiple funds to support its investment strategy. They closed their first fund with $115 million in 2018, followed by a $200 million second fund in 2021, and most recently, a $350 million third fund in 2023, bringing their total capital under management to approximately $665 million. The firm typically writes first checks ranging from $5 million to $20 million, targeting companies at the Seed, Series A, and Series B stages. This strategic capital deployment enables them to support promising ventures from their formative stages through significant growth milestones, fostering innovation aimed at making healthcare more equitable and efficient for all Americans.