AlleyCorp,
a firm dedicated to founding and funding companies in New York City,
announced today that Brenton Fargnoli, MD, MBA has joined as Partner.
Fargnoli, previously an executive at Flatiron Health, will lead
AlleyCorp’s healthcare investments and incubations.
Founded by long-time entrepreneur, Kevin Ryan, AlleyCorp has helped
build some of New York’s most successful technology companies, including
DoubleClick, Gilt Groupe, Business Insider, Zola, and MongoDB. AlleyCorp
invests in early-stage companies across consumer and enterprise, often
led by first-time founders in New York City. The firm’s push into
healthcare comes after co-founding Nomad Health in 2015. With the
addition of Fargnoli, healthcare will become a key part of AlleyCorp’s
focus.
“I’ve been amazed by the growth of technology in New York over the last
10 years,” said Kevin Ryan. “AlleyCorp has been committed to nurturing
companies from the beginning, and now is the right time to expand into
healthcare. We’re thrilled to welcome Brenton as we start this next
chapter.”
At Flatiron Health, which was recently acquired by Roche, Fargnoli
started Flatiron’s value-based care initiative and scaled it nationally,
built-out and oversaw Product Marketing and Strategy, and was
instrumental in the partnership with OneOncology which launched with
$200M in funding. Fargnoli, a practicing physician, completed his
residency at Harvard’s Brigham and Women’s Hospital and is board
certified in Internal Medicine.
“I’ve seen first-hand that patients today aren’t just in need of a new
drug. They’re struggling within an antiquated healthcare system to
access, afford, understand and have a voice in their care. In joining
AlleyCorp, I’m seeking to change that. Many of today’s most pressing
healthcare issues are rooted in technology or business problems, so I
couldn’t be more excited to team up with Kevin Ryan and AlleyCorp,” said
Fargnoli.
While expanding to include a healthcare focus, AlleyCorp remains
industry agnostic. Recent early-stage investments range from Uala, one
of the fastest growing fintech startups in Argentina, to Security
Scorecard, a Sequoia and Google Ventures backed enterprise security
company, to Nara Organics, an organic infant formula company.
About AlleyCorp:
Founded by long-time entrepreneur, Kevin Ryan, and based in New York
City, AlleyCorp continuously founds, builds, and invests in companies.
On the incubation side, AlleyCorp originates the idea, hires the team,
funds the initial 6-12 months, launches the company, and maintains
integral leadership throughout the company’s lifecycle. Since
AlleyCorp’s inception, these incubated companies have raised over $800M
in funding with an aggregate value over $10B. AlleyCorp also invests in
early-stage companies, often as the first investors. With a deep empathy
for the founder’s journey, as founders of companies through its
incubations, AlleyCorp is dedicated to investing in and partnering with
incredible entrepreneurs in New York. For more information, please visit www.alleycorp.com.
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