HomeUSAFloating Point Closes Second Fund, at $70M

Floating Point Closes Second Fund, at $70M

John Loser (L) and Eddie Segel (R)
John Loser (L) and Eddie Segel (R)

Floating Point, a NYC- and Boston, MA-based early stage venture capital firm investing in complex sectors, closed its second fund, at $70M.

Founded in 2021 by Eddie Segel and John Loser, former investors at the hedge fund Bridgewater turned founding team members of Oscar Health, Floating Point invests in complex sectors that are often hidden or overlooked to build a distinctive venture portfolio at the intersection of technology and legacy industries.

The firm now manages more than $150M in assets on behalf of a wide range of institutional, private equity, and family office investors, including 53 Stations, the venture arm of The Pritzker Organization. Portfolio companies include Altana, Commons Clinic, Sun Day, Floodbase, and Wheeler Bio, among others.

The team also includes venture partners including:

  • Evan Moore, co-founder of DoorDash;
  • Serkan Piantino, co-founder of Facebook AI Research and VP Product at Reddit;
  • Vin Mitta, M.D., Medical Officer at CMS;
  • Jesse Horowitz, CPO at Oscar Health; and
  • Bruce Gottlieb, COO of Flatiron Health.

VCWire

11/04/2024