Town Hall Ventures Targets $400M for Fourth Flagship Healthcare Fund

Healthcare investor Town Hall Ventures is aiming to raise $400M for its fourth flagship fund, Town Hall Ventures IV.

The New York-based venture capital firm started the sale of the fund on December 20, 2024, and has so far raised $182.4M from 27 investors, according to a January 6, 2025, filing with the SEC. The firm closed its third fund, Town Hall Ventures III, at $350M and raised $115M and $270M, respectively, for its first and second flagship funds.

Town Hall Ventures aims to address long-standing healthcare challenges in underserved communities. “The closer you get to looking at what’s happening in underserved communities, the more opportunities for improvement there are,” Andy Slavitt, one of the firm’s founders and and head of the Centers for Medicare & Medicaid Services during the Obama administration, told Forbes in an interview shortly after the close of Fund III.

The company's portfolio includes investments in Aetion, Curana Health, Eleanor Health, Landmark, Plume and Strive Health.