Oak HC/FT, a Greenwich, Conn.-based healthcare and financial tech venture firm, announced in a blog post on Aug. 1 the launch of its third and largest fund, valued at $800 million.
With Fund III's investments, Oak HC/FT "will continue exploring new approaches to solving complex problems in our focus markets," according to the post. "Healthcare costs will continue to escalate. Digitization of financial services will continue to proliferate."
Oak HC/FT, which spun out of Oak Investment Partners in 2014, raised $500 million and $600 million, respectively, for its first two funds. The firm has invested in a variety of early-stage healthcare companies, including artificial intelligence-powered Olive, Medicare Advantage solution Devoted Health and virtual care company Galileo.