Oak HC/FT Raises $800 Million To Invest In Healthcare And Fintech Startups

By Amit Chowdhry ● Aug 5, 2019
  • Oak HC/FT recently announced that it raised $800 million for its third fund to invest in healthcare and fintech startups

About five years ago, Oak HC/FT spun out of Oak Investment Partners — which is focused exclusively on healthcare and financial technology startups hence the name HC/FT. And Oak HC/FT recently announced it raised $800 million for its third fund. This is the firm’s largest fund so far as it previously raised $500 million for the first fund and $600 million for the second fund.

And Oak HC/FT’s general partners Annie Lamont, Andrew Adams, and Tricia Kemp have been focused on these sectors. “There are at least 5 or 10 times as many startups in those spaces than there were 10 years ago,” said Lamont via TechCrunch. “Every year the opportunity to reinvest becomes greater.”

And Oak HC/FT has grown from three general partners to 30 investment professionals across its offices in San Francisco, Boston, and Greenwich.

Oak HC/FT recently led a $35 million Series B round in Unite Us. And some of the other companies that are in Oak HC/FT’s portfolio include Devoted Health and Galileo. And in terms of fintech companies, Oak HC/FT has invested in Kryon, Poynt, Clara Analytics, and Groundspeed.

“When you have a market worth $3 trillion there’s a lot to be done,” added Adams via TechCrunch. “We’ve been in these markets for a long time … It’s that level of experience that gives us an edge in terms of partnering with companies and better supporting companies.”