Foresite’s $173M fund to support incubator’s data-driven R&D projects

Two and a half years after launching Foresite Labs, parent firm Foresite Capital believes a discrete $173 million fund dedicated to the incubator can help support new projects while providing increased flexibility to the firm’s LP base.

The firm created Foresite Labs in fall 2019 to shepherd nascent companies that use data science to improve healthcare. At the center is a platform that amalgamates publicly available and proprietary datasets, along with analytical tools to help draw conclusions from the amassed information...