What does Section 32 invest in?
Section 32 invests most often at Series B and Series A (70% of the rounds on record), in sectors such as Ehealth, Healthier Living and Healthcare.

United States · Investor
Last cheque observed Sep 2026; 24 cheques on record.
VC firmDeploying nowLast fund $481M, Jul 2023
Follow Section 32 and see its new cheques in your feed. Start following
2 cheques in the last 12 months
Mostly Series B and Series A: 70% of its rounds
Sole investor in 1 rounds, median $14M
Every round we can evidence, newest first24 appearances
2 rounds
3 rounds
7 rounds
6 rounds
6 rounds
An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.
Named by the firm itself, on a filing, its Form ADV or its company registration2 named
We also hold 14 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.
From their own portfolio page (on their website)
BasecampBlack Forest LabsCohereCoinbaseCrowdstrikeDatabricksDeelEmaEndor LabsGustoInceptiveInfleqtionLegoraLinearNeuralinkOhaloPhaidraPhysical intelligencePrometheusSandboxAQScale AISlackSnorkelUber8090Raya
Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.
The investors most often in the same rounds as Section 32. A count of rooms they were both in, not a relationship either has claimed.
The latest companies Section 32 put money into.
Section 32 invests most often at Series B and Series A (70% of the rounds on record), in sectors such as Ehealth, Healthier Living and Healthcare.
24 investments on record, 2 of them in the last 12 months, and it led 3. The most recent was in Sept 2026.
Its most recent investments on record: Ema (Series B, Sept 2026), Network Bio (Undisclosed round, Aug 2026) and NewLimit (Oct 2025).
The median round it joins is $45M. It says it writes cheques of $10K to $10M.
Sometimes: it led 3 of its 24 investments on record (13%).
Most of the companies it backs are in the United States (96%).
Yes: it is actively investing, with 2 investments in the last 12 months.
Most often S32 (5 rounds together), Andreessen Horowitz (4 rounds together) and Casdin Capital (4 rounds together).
Find the investors who back rounds like yours, and keep every conversation on one fundraising board.
Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it