Proximal Ventures raises debut fund to back startups bringing AI to drug development
Tuesday, November 10, 2026 · first reported by TechCrunch and 4 others
Sahir Raoof, who previously invested at SignalFire, has closed a $27.5 million first fund under his new firm, Proximal Ventures. The fund targets pre-seed and seed-stage startups applying AI to the tools, infrastructure and services behind drug development, with cheques of $500,000 to $1.5 million.
Six companies are already in the portfolio. One is ChronicleBio, whose co-founders include Fidji Simo, formerly an OpenAI executive. Investors in the fund include SignalFire, Kleiner Perkins, Bertelsmann Healthcare Investments, Nan Li, Zavain Dar and Amy Abernethy.
- Fund
- Proximal Ventures debut fund
- Size
- $27.5M
- Stage
- Launch
- People
- Sahir Raoof
- Asset class
- Venture
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Coverage
5 sources- TechCrunchProximal Ventures raises debut fund to back startups bringing AI to drug development
- Business WireProximal Ventures Announces $27.5 Million Debut Fund to Invest in AI-Native Companies Reshaping Life Sciences
- TradingViewProximal Ventures Announces $27.5 Million Debut Fund
- DealroomProximal Ventures closes $27.5M debut fund for AI in pharma
- unite.aiProximal Ventures Closes $27.5M Debut Fund to Back AI Life Sciences
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