Section 32 (company)


Section 32 is a California-based venture fund founded by Google Ventures founder, Bill Maris. Section 32 funds technology, bio-technology, health care and the life sciences startups and has approximately $400 million under management.

History

Section 32's name is derived from Star Trek’s Section 31, a clandestine and autonomous intelligence and security organization authorized by Starfleet. Section 32 is based in San Diego. Bill Maris' background is in technology and neuroscience, and he retired from Google Ventures after he declared "mission accomplished." He founded Section 32 to invest in technology, healthcare and the life science companies.
The fund aimed to raise $100 million however, citing a strong interest, the first fund raise was $160 million, and the firm now has approximately $400 million under management.
In December 2017, Michael Pellini, the former CEO and standing Chairman of Foundation Medicine joined Section 32 as a Managing Partner along with another ex-Google Ventures senior leader, Jenn Kercher, who joined as Chief Operating Officer and General Counsel. Google Ventures former CFO, Jonathan Faerber, and Bill Maris' long term Executive Assistant and Chief of Staff from Google Ventures, Lindsey Archarya, both joined Section 32 in 2018.
Section 32 has notably invested $14 million in funds in Kobalt Music Group raising its
growth capital to $89 million. As a result, Bill Maris joined the board of Kobalt.