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Venture Capital
townhallventures.com

Investments

54

Portfolio Exits

5

Funds

3

Partners & Customers

1

About Town Hall Ventures

Town Hall Ventures operates as an investment firm that partners with entrepreneurs addressing challenges in underserved communities. The company provides support in the form of time, resources, and strategic relationships to help founders scale their healthcare solutions. Town Hall Ventures serves the healthcare industry, with an emphasis on school-based mental health, care for frail seniors, and improving access in rural areas. It was founded in 2018 and is based in New York, New York.

Headquarters Location

72 Greene Street Suite 300

New York, New York, 10012,

United States

612-424-2113

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Latest Town Hall Ventures News

09:00 ET Arine Raises Series C to Scale AI-Driven Medication Optimization and Power Value-Based Outcomes

Jun 24, 2025

News provided by Share this article Town Hall Ventures Leads $30M Funding Round, with Participation from Kaiser Permanente Ventures SAN FRANCISCO, June 24, 2025 /PRNewswire/ -- Today Arine , the leader in AI-driven medication intelligence, announced a Series C funding round. Town Hall Ventures, known for backing transformative healthcare solutions, led the round with participation from Kaiser Permanente Ventures and other existing investors. This $30 million dollar round brings Arine's total funding to $66 million and cements Arine's position at the forefront of healthcare innovation, empowering the company to accelerate its mission of redefining medication management across the healthcare continuum at a time when the industry faces unprecedented financial and regulatory pressures. Arine Raises Series C to Scale AI-Driven Medication Optimization and Power Value-Based Outcomes "This is a defining moment for healthcare and for Arine," said Yoona Kim, PharmD, PhD, CEO and co-founder of Arine. "Mounting cost pressures and sweeping policy changes are forcing the industry to rethink how care is delivered. Amid these challenges, medications have emerged as one of the most powerful—and underleveraged—tools to improve outcomes and control costs. With this new capital, we're expanding our ability to deliver meaningful impact for each patient, when the system needs it most." Arine's AI platform focuses on the critical area of medication optimization, delivering scalable, personalized, and cost-effective medication therapy that is essential to success in value-based care. Designed for leading health plan and risk-bearing providers, Arine's platform leverages large, diverse datasets to identify the right individuals, recommend the most effective interventions, and continuously measure impact to ensure meaningful outcomes. Arine's approach has consistently achieved >10% in total cost savings and >40% reduction in hospitalizations. These outcomes have led to >100% growth in the last year and an average contract expansion of 80% with existing clients. "The rising cost of medications and the consequences of suboptimal medication use presents significant opportunities for innovation, particularly using AI. What sets Arine apart is not just its transformative technology, but its ability to consistently deliver measurable value for clients across populations, especially in underserved communities. The company's phenomenal leadership team combines deep clinical and AI expertise with a bold vision for the future," said Andy Slavitt, General Partner at Town Hall Ventures. "Their platform is not just solving today's problems—it's anticipating tomorrow's challenges. We're proud to support Arine as they drive the next wave of healthcare innovation." "We've been partnering with Arine since 2020, and year after year, the value has been clear," said Caroline Carney, MD, MSc, FAPA, FAPM, CPHQ, President and Chief Medical Officer at Magellan Health. "Arine continues to expand the capabilities of their platform in ways that drive even greater impact—advancing evidence-based quality, improving patient-centered outcomes, and delivering meaningful cost savings. It's that ongoing evolution that makes them such a valuable long-term partner." With the new funding, Arine will focus on several key areas to meet evolving industry needs. Arine plans to expand its capabilities in specialty pharmacy management — a fast-growing and costly area of healthcare. At the same time, the company is accelerating AI innovation to automate high-volume, low-complexity tasks, allowing providers to focus more on direct patient care. Arine will also continue to integrate comprehensive data to further personalize medication therapy. Together, these advancements expand Arine's impact and set a new standard for how technology can drive scalable, meaningful change in healthcare. About Arine Arine is a leading AI-powered medication optimization platform that improves patient outcomes and reduces healthcare costs by ensuring that patients receive the most effective and appropriate medications. By integrating advanced analytics with deep clinical expertise, Arine provides timely, personalized recommendations, enabling health plans and at-risk provider organizations to enhance medication safety, adherence, and effectiveness among their members. Learn more at arine.io . About Town Hall Ventures Founded in 2018, Town Hall Ventures has invested in or participated in the build of 40 companies that improve how care is provided to underserved and under-represented communities. Select portfolio companies include Cityblock Health, Curana Health, Equality Health, Habitat Health, Landmark Health, Suvida Health, Strive Health, Thyme Care, and Unite Us. Learn more at www.townhallventures.com . SOURCE Arine

Town Hall Ventures Investments

54 Investments

Town Hall Ventures has made 54 investments. Their latest investment was in Strive Health as part of their Series D on September 09, 2025.

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Town Hall Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/9/2025

Series D

Strive Health

$300M

No

2

7/29/2025

Series C

Ambience

$243M

Yes

5

5/16/2025

Series C

Arine

$30M

Yes

Kaiser Permanente Ventures, and Undisclosed Investors

4

1/8/2025

Seed VC - II

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$XXM

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10

10/7/2024

Series D

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$XXM

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10

Date

9/9/2025

7/29/2025

5/16/2025

1/8/2025

10/7/2024

Round

Series D

Series C

Series C

Seed VC - II

Series D

Company

Strive Health

Ambience

Arine

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Amount

$300M

$243M

$30M

$XXM

$XXM

New?

No

Yes

Yes

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Co-Investors

Kaiser Permanente Ventures, and Undisclosed Investors

Sources

2

5

4

10

10

Town Hall Ventures Portfolio Exits

5 Portfolio Exits

Town Hall Ventures has 5 portfolio exits. Their latest portfolio exit was Aetion on May 15, 2025.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/15/2025

Acquired

$XXM

3

5/4/2022

Merger

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$XXM

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10

10/14/2021

Corporate Majority

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$XXM

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10

6/24/2021

IPO

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$XXM

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10

2/21/2021

Acquired

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$XXM

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10

Date

5/15/2025

5/4/2022

10/14/2021

6/24/2021

2/21/2021

Exit

Acquired

Merger

Corporate Majority

IPO

Acquired

Companies

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Valuation

$XXM

$XXM

$XXM

$XXM

$XXM

Acquirer

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Sources

3

10

10

10

10

Town Hall Ventures Fund History

3 Fund Histories

Town Hall Ventures has 3 funds, including Town Hall Ventures III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

9/29/2022

Town Hall Ventures III

$350M

1

2/24/2020

Town Hall Ventures II

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$XXM

10

9/27/2018

Town Hall Ventures I

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$XXM

10

Closing Date

9/29/2022

2/24/2020

9/27/2018

Fund

Town Hall Ventures III

Town Hall Ventures II

Town Hall Ventures I

Fund Type

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Status

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Amount

$350M

$XXM

$XXM

Sources

1

10

10

Town Hall Ventures Partners & Customers

1 Partners and customers

Town Hall Ventures has 1 strategic partners and customers. Town Hall Ventures recently partnered with Kaiser Permanente on March 3, 2024.

Date

Type

Business Partner

Country

News Snippet

Sources

3/27/2024

Partner

United States

Kaiser Permanente, Town Hall Ventures To Launch PACE Program ‘Habitat Health’

`` By combining our expertise in integrated care with Town Hall Ventures ' experience launching businesses that support underserved communities , Habitat Health will help ensure that people who need the most care have access to high-quality , equitable medical care and services as they continue to age well in the communities that have cared for and supported them . ''

1

Date

3/27/2024

Type

Partner

Business Partner

Country

United States

News Snippet

Kaiser Permanente, Town Hall Ventures To Launch PACE Program ‘Habitat Health’

`` By combining our expertise in integrated care with Town Hall Ventures ' experience launching businesses that support underserved communities , Habitat Health will help ensure that people who need the most care have access to high-quality , equitable medical care and services as they continue to age well in the communities that have cared for and supported them . ''

Sources

1

Town Hall Ventures Team

7 Team Members

Town Hall Ventures has 7 team members, including current Founder, General Partner, David Whelan.

Name

Work History

Title

Status

David Whelan

Empiric Health, Accretive, Virgin Management USA, Goldman Sachs, Deutsche Bank, and PwC

Founder, General Partner

Current

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Name

David Whelan

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Work History

Empiric Health, Accretive, Virgin Management USA, Goldman Sachs, Deutsche Bank, and PwC

Title

Founder, General Partner

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Status

Current

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