Via Wall Street Journal:
Balaji Srinivasan, who was hired as a general partner by Andreessen Horowitz to help the firm move into new areas, has spearheaded the firm’s first major foray into health-care investing with a $23 million Series B round for digital therapy companyOmada Health, Tim Hay reports for VentureWire. Though Andreessen has backed several consumer-facing health technology companies, the funding for Omada was the first double-digit venture capital round for a company with clinically proven, prescription-based products, and it’s Andreessen’s first board seat at such a company.
Read more:
http://blogs.wsj.com/venturecapital/2014/04/09/the-daily-startup-andreessen-horowitz-makes-major-foray-into-health-care//#the-daily-startup-andreessen-horowitz-makes-major-foray-into-health-care
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