ready set food

ready set food

Photo by CDC on Unsplash

Despite a venture funding slowdown that has not spared the health care and biotech sectors, one Los Angeles fund is looking to back its next crop of seed-stage health startups.

Wavemaker 360 Health, the Pasadena-based early-stage health care VC firm, announced on Thursday that it has closed its $64 million second fund—a haul nearly four times the size of its $17 million first fund, albeit smaller than the $100 million maximum target it set for itself two years ago. The new vehicle will look to invest in 40 to 50 early-stage startups mostly in the U.S. and across the health care spectrum, from digital health and pharma to medical devices and artificial intelligence.

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Ready, Set, Food! CEO and co-founder Daniel Zakowski says it's "the right time for allergy prevention."

His Encino-based startup closed a $3.5 million seed round this week on the heels of new guidance that parents introduce their children to allergenic foods when they're just four months old.

Ready, Set, Food! sells a line of powdered formulas blended with common allergens like nuts, milk and eggs.

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The makers of baby food intended to prevent food allergies got a boost this week with a $3 million raise led by Danone Manifesto Ventures.

The Los Angeles-based Ready, Set, Food has raised $5.75 million in total and is also backed by high-profile Shark Tank star Mark Cuban and AF Ventures.

The idea of a formula designed to prevent food allergies first came to CEO and co-founder Daniel Zakowski and his brother-in-law three years ago when his nephew suffered an allergic reaction to peanut butter.

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