FinTech and healthcare investor Oak HC/FT has secured $1.4bn to support new startups.
This marks Oak HC/FT’s fourth fund to support entrepreneurs in FinTech and healthcare.
The firm previously raised $500m, $600m and $800m for its other funds. It has used the money to back companies like AU10TIX and OODA Health.
“Looking back on an exceptionally challenging year, we are proud of how quickly and decisively our companies answered the call to adapt – delivering healthcare and financial services to individuals, families, and communities at their times of greatest need,” the investor said in a statement.
“Having worked in venture capital for as long as we have, we know that it is often the moments of greatest adversity that force us to perform at our very best.
“The entrepreneurs, executives, and employees across our portfolio companies have done just that and why we are excited to announce that we have recently closed our fourth fund. Adding $1.4bn of fresh capital will enable us to continue the work we love: partnering with exceptional visionaries who are modernising, digitising, and even revolutionising the way people around the world engage in Healthcare and FinTech.”
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