Vijay Pandnesse, the founding partner of the A16z Bio and Health Strategy, stepped down

Vijay Pandnesse, the general partner at Andressen Horowitz who founded the Heal HILO+ strategy for the company A16Z, Declare He stepped down from his role.

Since its foundation in 2014, the A16z Bio+ Health raised four money of about 3 billion dollars each, including a $ 1.5 billion fund that was closed in 2022. However, he is now looking for much smaller Fifth fund worth $ 750 millionThe Wall Street Journal reported. In January, A16z Bio+ Health announced that it would manage a Biotechnology Fund of $ 500 million Funded by the pharmaceutical giant Elie Lily.

A16z Bio + Health supports startups and digital health companies at the intersection of artificial intelligence, account and biology.

Bandy Investments include loyal health, a individual medical plan provider; Job health, start a personal laboratory test; Frinum, a company that aims to detect cancer by tie blood. Before joining Andressen Horowitz, Bandy was a professor of chemistry, structural biology and computer science at Stanford University.

The remaining partners in the A16z Bio + Health team are Jorge Conde, Julie Yu and Venita Agarawala.