Town Hall Ventures

Town Hall Ventures is a New York-based, healthcare-focused venture capital firm founded in 2018, dedicated to backing healthcare technology and services companies that serve underserved US communities, particularly populations reliant on Medicare and Medicaid and those with chronic illness who need value-based care. It was founded by Andy Slavitt, a former Optum Group executive vice president and former head of the Centers for Medicare and Medicaid Services and Senior White House Advisor, together with long-time investor and company-builder David Whelan and co-founder Trevor Price. Rather than acting as a passive capital and board-seat provider, Town Hall functions as an active operating partner, helping portfolio companies refine go-to-market strategy, build management teams and navigate complex healthcare policy and payment landscapes, and it is willing to lead. The firm invests across launch, venture and growth stages with initial cheques generally in the $3 to 30 million range, and has grown from a $115 million debut fund to a $350 million Fund III and a $440 million flagship fourth fund; backers include Kleiner Perkins chairman John Doerr, who has invested in every Town Hall fund. To date it has started or invested in roughly 42 companies, with several early investments surpassing $1 billion in value and its portfolio collectively reaching about one in five Americans. Notable portfolio companies include Cityblock Health, Unite Us, Bright Health, Landmark Health, Strive Health, Thyme Care, Plume, Curana Health and Equality Health. By pairing deep policy expertise with hands-on operating support, Town Hall Ventures backs value-based care for underserved populations.