Bill Maris, the founder and former head of GV, formerly Google Ventures, reportedly is raising a $230 million venture capital fund that will be headquartered in San Diego, the popular technology news website Recode said this week.
Maris launched the corporate investment group, the venture capital arm of Alphabet Inc., in 2009. He quit the venture unit in August after eight years as its chief executive.
His new fund, called Section 32, will focus on health care investments, Recode reported.
While at Google Ventures, which managed more than $2.4 billion as of 2015 and has bet on more than 300 startups, Maris scored big with investments into companies such as Uber and Slack. Other investments weren’t as successful, such as the now-defunct anonymous messaging app Secret.
