The rumors were true – kind of: The Founders Fund has been out raising a massive amount of cash for a fifth fund, but it’s not $750 million as originally thought. It’s $1 billion, the fund said today.
Most known for backing Facebook, Spotify and Elon Musk’s SpaceX, FF is a “stage agnostic” fund that focuses on aerospace, artificial intelligence, advanced computing, energy, health and consumer Internet.
Since its creation in 2005 by PayPal co-founders Peter Thiel, Luke Nosek and Ken Howery, it’s raised more than $2 billion to invest in startups.
As of late, it’s been doing quite a bit in the digital health and genetics space. Here’s a look at the health-focused companies it’s invested in through its angel and venture funds
CDD – Service that allows researchers to store, share, organize and mine drug development research
Nanotronics Imaging – Microscopes and tools for nanoscale imaging
Synthego – Building software and hardware to bring biological research into the digital age
Health IT/digital health
Practice Fusion – Web-based electronic health records
ZocDoc – Searchable database of physicians and reviews with online booking
Glow – Period, fertility and ovulation tracker apps
Azumio – iPhone apps for tracking heart rate, sleep, fitness and stress levels
RingaDoc – Provider of instant audio and video consultation with physicians
SharePractice – Medical reference app for doctors
NeuroTrack – Computer test and algorithm to help diagnose early-stage Alzheimer’s disease
Misfit Wearables – Wearable health and fitness tracker
Counsyl – Pre-pregnancy genetic testing
Natera – Uses genetics and software engineering for noninvasive prenatal testing
Pathway Genomics – Genetic testing for heart health traits, cancer risk and other complex health conditions
Signature Therapeutics – Developing abuse-resistant opioid pain medicines