Ex-Google Ventures head founds healthcare VC fund
The founder and former head of Google Ventures is restarting a healthcare-oriented fund with plans to raise $100 million for its debut.
Bill Maris left Google Ventures last August, with plans to launch a new group that would raise $230 million, focused on healthcare. Then in December Maris indicated he was abandoning the idea and said that although he was on the way to raising the money, he wanted to explore other ideas.
But reports surfaced this week that he is once again pursuing the idea of a healthcare venture capital fund. Maris plans to raise $100 million for its first fund and will invest at least half of the money in life sciences.
The firm will to be called Section 32, in homage to to Star Trek’s Section 31 security forces.
Section 32 will be based in San Diego, where Maris lives, and is expected to close later this month or early next.