HomeUSADefine Ventures Adds Frank Williams as Venture Partner

Define Ventures Adds Frank Williams as Venture Partner

Define Ventures

Define Ventures, a San Francisco, CA-based venture capital firm focused on backing early-stage digital health companies, announced that veteran healthcare leader Frank Williams joined its team as venture partner.

Williams, who is the co-founder of Evolent Health and served as the company’s CEO and chairman, will partner with digital health companies and their entrepreneurs to grow and scale their businesses.

This announcement follows the firm raising $460m in 2023 across two new funds.

Williams is a seasoned entrepreneur and executive. During his tenure at Evolent, the company completed an IPO, grew to more than $1 billion in annualized revenue, and served over 15 million patients. Prior to Evolent, Williams served as Chairman and CEO at The Advisory Board Company, during which the company completed an IPO, grew to more than $450 million in annual revenue and $2 billion in market capitalization. He currently serves on the boards of Helix, Nayya, Foodsmart, Trusted Health, and Wellth. Williams also serves on the Executive Committee of UCSF and is a senior advisor to ICER, Blackbird Health, and the President’s Advisory Council for the School of Public Health at Brown University.

Led by Lynne Chou O’Keefe, founder and managing partner, Define Ventures has $800m assets under management and partners with companies at the incubation, seed, series A and series B stages. The firm has partnered with over 20 companies building at the intersection of tech, consumer, and enterprise including Hims & Hers, Unite Us, and Cohere Health.

VCWire

10/04/2024