S32 (company)

S32 was founded by the Google Ventures founder, Bill Maris.{{cite web|url=https://www.axios.com/google-ventures-founder-bill-maris-is-back-again-2314340835.html|title=Google Ventures founder Bill Maris is back. Again.|website=Axios|accessdate=17 January 2018}}{{cite web|url=https://soundcloud.com/the-journal/bill-maris-founder-of-google-ventures|title=Bill Maris - Founder of Google Ventures|publisher=|accessdate=17 January 2018}}{{cite news|url=https://www.wsj.com/articles/mariss-section-32-anne-wojcicki-back-freenomes-quest-to-detect-cancer-earlier-1503660622|title=Maris's Section 32, Anne Wojcicki Back Freenome's Quest to Detect Cancer Earlier|first=Heather|last=Mack|newspaper=Wall Street Journal|date=25 August 2017|publisher=|accessdate=17 January 2018|via=www.wsj.com}} Bill Maris' background is in technology and neuroscience, and he retired from Google Ventures (later GV) after he declared "mission accomplished."{{cite web|url=https://www.recode.net/2016/8/10/12434672/google-ventures-bill-maris-q-a|title=Google Ventures founder Bill Maris: 'I'm leaving because everything is great.'|date=10 August 2016|publisher=|accessdate=17 January 2018}} He founded S32 to invest in frontier technology.{{cite web|url=https://www.recode.net/2017/6/22/15851136/eric-schmidt-bill-maris-helping-build-startup-network-southern-california-alliance|title=Eric Schmidt and Bill Maris are helping build a startup network in Southern California|date=22 June 2017|publisher=|accessdate=17 January 2018}}{{cite web|url=https://www.xconomy.com/san-diego/2017/08/31/bill-maris-takes-stage-for-2nd-act-says-new-fund-mostly-committed/|title=Xconomy: Bill Maris Takes Stage for 2nd Act, Says New Fund Mostly Committed|date=31 August 2017|publisher=|accessdate=17 January 2018}}

The fund aimed to raise $100 million however, citing a strong interest, the first fund raise was $160 million, and the firm now has over $2 billion under management.{{cite web|url=http://www.businessinsider.com/google-ventures-bill-maris-section-32-venture-fund-2016-12|title=The founder of Google Ventures is launching a new venture fund|website=Business Insider|publisher=|accessdate=17 January 2018}}

In December 2017, Michael Pellini, the former CEO and standing Chairman of Foundation Medicine joined S32 as a Managing Partner.{{Cite web|url=https://www.sdbj.com/news/2018/may/01/venture-capital-fund-section-32-adds-another-gv-ve/|title=Venture Capital Fund Section 32 Adds Another GV Veteran|website=San Diego Business Journal|date=May 2018 }}

In early 2019, Section 32 announced that it had raised nearly $200M for a second fund.{{Cite web|url=https://xconomy.com/san-diego/2019/02/25/bill-mariss-vc-firm-section-32-raises-200m-for-second-fund/|title=Xconomy: Bill Maris's VC Firm Section 32 Raises $200M for Second Fund|date=February 25, 2019|website=Xconomy}}

In November 2019, Steve Kafka, joined Section 32 as a Managing Partner. He served as both founding CEO and Executive Chairman of Thrive Earlier Detection, and President and Chief Operating Officer at Foundation Medicine.{{Cite web|url=https://xconomy.com/san-diego/2019/11/05/why-steve-kafka-left-third-rock-ventures-for-up-and-comer-section-32/|title=Xconomy: Why Steve Kafka Left Third Rock Ventures for Up-and-Comer Section 32|date=November 5, 2019|website=Xconomy}}

In 2020, S32 announced it was raising $350M for its third fund.{{Cite web|url=https://medcitynews.com/2020/04/section-32-targets-350-million-for-third-fund/|title=Section 32 targets $350 million for third fund|first=Elise|last=Reuter|date=April 24, 2020}}{{Cite web|url=https://www.cnbc.com/2020/05/20/bill-maris-ex-google-ventures-brings-in-new-hires-at-section-32.html|title=Bill Maris, who started Google's VC arm, brings on Google walkout organizer at his new venture firm|first=Christina|last=Farr|date=May 20, 2020|website=CNBC}}

In March 2021, Andy Harrison joined S32 as a Managing Partner. He previously held executive leadership roles at Alphabet, including Verily Life Sciences (previously Google Life Sciences) and X (previously GoogleX). S32 has notably invested in Coinbase, Crowdstrike, Thrive, Vir, Relay, and Cohere.{{cite web|url=http://www.businessinsider.com/former-head-google-ventures-bill-maris-joins-kobalt-2017-10|title=The former head of Google Ventures has joined the board of UK music startup Kobalt|website=Business Insider|publisher=|accessdate=17 January 2018}}{{cite web|url=http://www.thisisinsider.com/former-head-google-ventures-bill-maris-joins-kobalt-2017-10|title=The former head of Google Ventures has joined the board of UK music startup Kobalt|publisher=|accessdate=17 January 2018}}{{Cite web|url=https://www.genomeweb.com/sequencing/sequencing-startup-singular-genomics-files-100m-ipo#.YLkUrh1lBhE|title = Sequencing Startup Singular Genomics Files for $100M IPO|date = 12 May 2021}}{{Cite web|url=https://blog.coinbase.com/coinbase-raises-100m-series-d-led-by-ivp-f5f25cb51019|title=Coinbase raises $100M Series D led by IVP|first=Brian|last=Armstrong|date=January 4, 2019|website=Medium}}

In November 2021, S32 announced that it raised its fourth fund, Fund 4, from new and existing institutional investors spanning philanthropic, nonprofit and educational organizations, and foundations. The fund was more than double the size of its previous fund{{Cite web|url=https://www.fiercebiotech.com/medtech/section-32-closes-740m-vc-fund-to-back-startups-at-intersection-technology-and-healthcare|title=Section 32 closes $740M VC fund to back startups at intersection of technology and healthcare | Fierce Biotech|first=Andrea|last=Park|date=November 4, 2021|website=www.fiercebiotech.com}}{{Cite web|url=https://www.wsj.com/articles/section-32-closes-740-million-venture-capital-fund-11636027200|title=Section 32 Closes $740 Million Venture-Capital Fund|first=Brian|last=Gormley|date=November 4, 2021|via=www.wsj.com}} and invested in several companies, including quantum and AI application company, SandboxAQ, which spun out of Google in 2022, and synthetic data startup, Gretel Labs.{{Cite web|url=https://siliconangle.com/2021/10/07/privacy-engineering-service-startup-gretel-raises-50m/|title=Privacy engineering-as-a-service startup Gretel raises $50M|date=October 7, 2021}}

In 2023, S32 raised a $525M Fund 5 to invest in software-driven businesses in tech and healthcare that improve the human condition and named Andy Harrison as CEO of the firm.{{Cite web|url=https://techcrunch.com/2023/10/05/section-32-closes-on-525m-fund-says-there-is-a-zone-of-commoditization-that-you-have-to-avoid-while-investing-in-ai/|title=Section 32 closes on $525M fund, says there is 'a zone of commoditization that you have to avoid while investing in AI'|first=Mary Ann|last=Azevedo|date=October 5, 2023}}{{Cite web|url=https://fortune.com/2024/03/27/google-andy-conrad-harrison-reunited-vc-firm-s32-ai/|title=Google’s former Andys—Conrad and Harrison—reunited at VC firm S32, talk AI|first=Allie|last=Garfinkle|website=Fortune}}

In February 2024, S32 announced the appointment of Andy Conrad as a General Partner. Conrad, known for his leadership in technology and advanced data science, previously founded and served as the CEO and Executive Chairman of Verily Life Sciences at Alphabet (Google).{{Cite web|url=https://www.bloomberg.com/news/articles/2024-02-22/founder-of-alphabet-s-verily-andy-conrad-joins-vc-firm-s32|title=Alphabet's Verily Founder Andy Conrad Departs for VC Firm S32}}

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• [https://www.section32.com/ Official website]

Category:Venture capital firms of the United States