Town Hall Ventures Raises $440M Fund to Back AI-Driven Health Equity Startups
Town Hall Ventures (THV) has announced the close of its fourth fund, securing $440 million in capital commitments aimed at expanding access to high-quality healthcare for underserved communities through artificial intelligence-driven innovation. This latest fund brings the firm’s total assets under management to $1.4 billion.
Founded in 2018 by former Centers for Medicare and Medicaid Services Administrator Andy Slavitt, THV has built a portfolio of 42 healthcare startups across launch, venture, and growth stages. Its investments include Ambience Healthcare, Qualified Health, Strive Health, and Thyme Care—companies that exemplify the firm’s focus on equitable care delivery through technology.
“With Fund IV, we will accelerate our mission by backing founders and technologists who are using AI as a core capability to lower costs, improve outcomes, and expand access to high-quality care for tens of millions of people underserved by the healthcare system,” said Meera Mani, MD, General Partner at THV.
The firm’s investment strategy centers on deploying capital toward AI-first companies designed to meet the needs of communities that often lack early access to innovative care models. THV’s leadership believes generative AI will play a defining role in reshaping clinical workflows, particularly in areas such as documentation and patient engagement.
Alongside the new fund, THV announced two executive appointments. Catherine Olexa-Meadors joins as Head of Partnerships and Growth, while Will Stokes, co-founder of Strive Health, returns to lead the company creation studio, Hatch.
THV estimates that its portfolio companies collectively reach one in five Americans, reflecting the firm’s broad impact within the U.S. healthcare ecosystem. By channeling investment into AI-enabled solutions tailored for under-resourced communities, THV seeks to narrow persistent gaps in access, affordability, and quality of care.
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