Apply to
StartUp Health Moonshots Impact Fund
Apply To Subscribe
Subscription Amount
$25,000+ Quarterly
Subscription Period
4-16 Quarters
Management Fee
2% per year over 10 years
Carry
20-25%
Admin Fee
0.15% per year over 10 years
Starting Q4 2024, this fund will transition onto updated Rolling Fund admin fee pricing terms. See the Investment Details section for more.
Invest Account
Select invest account
Note from StartUp Health, LLC
FROM STEVEN KREIN & UNITY STOAKES, FOUNDERS OF STARTUP HEALTH
We are impact-driven entrepreneurs and investors building a global army of thousands of Health Transformers collaborating to achieve health moonshots --- from ending cancer and curing disease, like diabetes and Alzheimer’s, to delivering quality care to everyone in the world regardless of location or income.
Our Thesis
We believe that investing in and supporting a diversified global portfolio of health moonshot companies is the key to improving the health and wellbeing of humanity, while also generating healthy financial returns. Since 2012, we’ve made more than 475 health moonshot investments in companies across 29 countries.
Select investments and exits include Nightingale Health (Nasdaq Helsinki: HEALTH.HE), Doctor.com (acquired by Press Ganey), Conversa Health (acquired by AmWell), RespondWell (acquired by Zimmer Biomet), Carelinx (acquired by Generali Corp), FamilyTreeDNA (acquired by MyDNA), wayForward (acquired by Dario Health), Babyscripts, Cala Health, CarePredict, Cityblock Health, Devoted Health, Quit Genius, Particle Health, and Virta Health.
- We have 450 co-investors including top-tier firms like Andreesen Horowitz, GV (Google Ventures), Menlo Ventures, Alphabet, Philips, Spring Mountain Capital, Northwell Health, Maverick Ventures, General Catalyst, Thrive Capital, Redpoint Ventures, Echo Health Ventures, and AIMS Imprint of Goldman Sachs Asset Management.
- We are backed by a global army of 100+ world class investors and prior fund LPs including Steve Case, Mark Cuban, Esther Dyson, Brad Feld, Jason Finger, David Moore, Jerry Levin, Jon Kaplan, Peter Kash, Jon Miller, Lee Shapiro, Robert Odell, Advocate Aurora Health, Chiesi, Guidewell, Kaiser Permanente Ventures, Masimo, Novartis, Otsuka, and Ping An. Meet Our Investors
StartUp Health Moonshots Impact Fund
The StartUp Health Moonshots Impact Fund is a unique member-driven rolling fund that makes it easy to gain exposure to a diversified global portfolio of private health innovation companies who are committed to achieving at least one of our 12 Health Moonshots:
Making it Faster and Easier to Achieve Health Moonshots
Every quarter, we select ~7 to 10 companies to join our global army of Health Transformers. Each team receives two years of membership to StartUp Health Academy [Health Transformer University] and lifetime access to the StartUp Health Member Platform. The Academy and Platform is a powerful combination of community-driven entrepreneurial coaching and a dedicated media platform that provides unique access to a global network and audience of health innovation customers, investors, partners, and decision makers. Membership currently includes:
- Health Transformer Circles: Peer-support forums aimed at speeding up collaboration on health moonshot goals, recalibrating on mindset and mastering resilience.
- Health Transformer Coaching: Strategic thinking tools and regular entrepreneurial coaching sessions to provide guidance and support, especially during moments of important value creation or destruction.
- Health Moonshot Term Sheet Review: Review of incoming financing and M&A term sheets for entrepreneur-friendly feedback.
- Health Moonshot Showcases: Monthly virtual demo days to a targeted and interested audience of health innovation stakeholders.
- StartUp Health Media: A digital and print broadcast network that creates and shares daily stories of progress, news and financings to a global curated industry network.
- StartUp Health Festival & Events: Ongoing member events and community gatherings to connect portfolio companies to health innovation stakeholders.
- StartUp Health Master Classes: Exclusive interactive sessions with industry experts, CEOs and investors.
- StartUp Health Perk Partner Network: $250,000+ in free and discounted services from leading industry vendors.
Currently, we have a standard deal for all seed companies, providing each team with a $200,000 package for an equity position of 4% using a post-money SAFE. This includes a $80,000 investment from the Fund, which consists of a grant to cover two years of membership fees to StartUp Health Academy and approximately $120,000 in-kind for lifetime access to the StartUp Health Member Platform.
Extraordinary Benefits for Investors
- As a StartUp Health Moonshot Investor Member, you join our global army of impact-driven investors who are backing a generation of entrepreneurs transforming the future of health and you receive many benefits including:
- Automatic exposure to every deal we invest in every quarter.
- “First look” access to investment allocation opportunities in portfolio companies.
- Exclusive weekly deal alerts and portfolio company news and updates.
- Unique insights and progress reports on early stage research and health innovation.
- Private access to startup CEOs and founding teams.
- VIP invites to StartUp Health Festival, Showcases, Master Classes and additional events.
- Flexibility to invest any amount each quarter.
- min. $12,500+/quarter for health professionals (8 quarter commitment)
- min. $25,000+/quarter for individuals
- min. $250,000+/quarter for organizations
- Ability to increase, change or pause your investment amount anytime after four quarters.
Get Started in 3 Easy Steps
- Enter your quarterly subscription amount
- Review the closing terms and documents
- Review the Summary and click “submit application” to e-sign the documents.
For questions, email us at [email protected]. Together, we will improve the health and wellbeing of everyone in the world.
Special Disclosure
StartUp Health and its affiliates have investment participation rights in approximately 270 active portfolio companies. Therefore some of the investments considered for inclusion in the fund will be in companies in which StartUp Health and its affiliates have a pre-existing financial interest.
The Fund’s gross investment in each seed company is $80,000; which consists of a grant to cover two years of membership fees.
Steven Krein & Unity Stoakes
Any returns data above may include investments made off the AngelList platform. As such, AngelList has not taken any action to verify such data and makes no representations as to its accuracy or completeness.
Investment Details
Subscription Start Date
January 1, 2024
Minimum Quarterly Subscription
$25,000
Minimum Subscription Period
4 Quarters
Management Fee
Investors pay management fees of 2% per year for the first 10 years.
Management fees are taken as a percentage of the total committed capital. The total management fee is paid out quarterly over the first
four years of the fund's life.
Carry
20%, increasing to 25% after a 3X return
Admin Fee
0.15% per year over 10 years
Starting Q4 2024, this Rolling Fund will transition onto updated Rolling Fund pricing terms. Under these new pricing terms, each new quarterly fund in the Rolling Fund Program will pay an annualized rate of $2.5k + 0.2% of contributed capital over 10 years.
Fees for each quarterly fund in the Rolling Fund Program will vary based on each quarterly fund’s capital contributions since the fee includes a flat fee component. The last quarterly fund in this Rolling Fund Program closed $219.23k in contributed capital. Learn more about how to estimate your commitment’s fees at our help center.
Fees for each quarterly fund in the Rolling Fund Program will vary based on each quarterly fund’s capital contributions since the fee includes a flat fee component. The last quarterly fund in this Rolling Fund Program closed $219.23k in contributed capital. Learn more about how to estimate your commitment’s fees at our help center.
Fund Lead Commitment
StartUp Health, LLC's personal subscription per quarter will be at least 2.5% of each quarterly fund's total committed capital.
Special Disclosure
StartUp Health and its affiliates have investment participation rights in approximately 270 active portfolio companies. Therefore some of the investments considered for inclusion in the fund will be in companies in which StartUp Health and its affiliates have a pre-existing financial interest.
The Fund’s gross investment in each seed company is $80,000; which consists of a grant to cover two years of membership fees.
Investor FAQ
How is this program different from venture fund investing?
How do subscriptions work?
How do management and admin fees work?
How does carried interest work?
How do distributions work?
Will a Limited Partner (LP) participate in all investments made by the funds offered through this Program?
Will an LP's percentage ownership of quarterly funds always be the same?
Are LPs guaranteed access to StartUp Health Moonshots Impact Fund's future funds?
How are subscriptions funded?
How does changing or canceling a subscription work?
Who manages these funds?
Do funds in this Program have minimum or maximum investment sizes?
What happens if funds in this Program do not invest their total capital each quarter?
When will LPs learn about companies the funds invested in?
Can LPs opt out of specific deals?
Can LPs sell their investment in the fund?
Can LPs redeem their interests in the fund?
When will funds launched under this Program begin deploying capital?
How do I receive tax documents from this Program?
Unanswered questions? Contact AngelList
The performance of past deals or a lead investors' track record is not a guarantee of future returns. Venture capital fund investments are inherently risky and illiquid. Such investments involve a high degree of risk and are suitable only for sophisticated and accredited investors.
AngelList and its affiliates do not provide investment advice to investors. The information on this page should not be relied upon as research, investment advice or a recommendation of any kind. Information on this page is qualified in its entirety by the fund's Limited Partnership Agreement, Private Placement Memorandum and Subscription Agreement, which should be reviewed carefully prior to making an investment decision. Please see these documents for full details regarding risks, minimum investment, fees and expenses. The Fund Lead and the fund's investment advisor have the right to waive or charge additional carry to certain investors. The fund's legal name may be different from the name used above.
This fund may accept new investors after the fund undergoes a valuation update. Certain potential investors in the fund may then have access to materially different information concerning fund value at the time of their investment.
Current or future portfolio companies in this fund may use AngelList's recruiting platform and may pay an affiliate of the fund's investment adviser for premium recruiting tools and services. This may create a potential conflict of interest for the investment adviser, which you will consent to by subscribing to the fund.
Please read the disclosures in full here.
Apply To Subscribe
Subscription Amount
$25,000+ Quarterly
Subscription Period
4-16 Quarters
Management Fee
2% per year over 10 years
Carry
20-25%
Admin Fee
0.15% per year over 10 years
Starting Q4 2024, this fund will transition onto updated Rolling Fund admin fee pricing terms. See the Investment Details section for more.
Invest Account
Select invest account