Exclusive: Tech VC firm Playground Global deepens biotech focus, hires former a16z partner with next fund coming
03 Aug 2023
Executive Change
The tech VC firm Playground Global has hired Nate Chang, a healthcare investment banker veteran who previously helped build out Andreessen Horowitz’s biotech team.
Chang’s hiring shows Playground is here to stay in biotech investing. Founded in 2015, the firm started out investing in consumer tech and deep tech, adding a biotech focus in 2017. Now, the VC firm manages over $1 billion in assets and has a portfolio of about a dozen life sciences investments that includes startups like Manifold Bio, Atomic AI, and Ultima Genomics. Four of Playground’s last six investments fall in its “engineered biology” theme.
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Source: EndPoints
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