Red Cell Partners: $91 Million Closed For Incubation Fund

By Amit Chowdhry • Jan 2, 2024

Red Cell Partners – a McLean, VA-based incubation firm building rapidly scalable technology-led companies that are bringing advancements to market in healthcare and national security – recently announced the closing of $91 million in new capital for a new incubation fund, RCIF I. This new fund allows the firm to back incubations, raising early-stage rounds.

Grant Verstandig – who founded Rally Health (acquired by UnitedHealth Group, where he then served as Chief Digital Officer) – launched Red Cell in 2020 to utilize AI and other advanced tech to address the nation’s biggest problems in healthcare and defense. And the leadership team includes former Secretary of Defense Mark Esper and Federal Reserve Vice Chair Roger Ferguson.

The firm launched six companies: Zephyr AI, TARA Mind, Savoy Life, DEFCON AI, and Eyris. The firm has also invested in five companies, including Eprius.

This brought the total funding raised to more than $200 million.


“Excited to announce we’ve raised $91 million to back our incubations as they raise early-stage rounds. RCIF I will continue our mission-driven approach to build companies addressing critical areas of national security and healthcare.”

“Heavily regulated, highly concentrated, and saddled with perverse incentives, our national security and healthcare systems are fundamentally challenged. We support the founders will to attack conventional thinking and propose novel solutions to complex problems.”

  • Statement from the firm