@ Founders Fund has a fresh $1B to spend. Here’s a look at its healthcare picks | SEBIO

Founders Fund has a fresh $1B to spend. Here’s a look at its healthcare picks

Posted by on Mar 7, 2014

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 thoughtIt’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

 

Research

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

Genetics

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

Pharma

Signature Therapeutics – Developing abuse-resistant opioid pain medicines

 
Read more: http://medcitynews.com/2014/03/peter-thiels-founders-fund-massive-new-1-billion-heres-look-done-healthcare-far/#ixzz2vIcMl3P6

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