Nate Chang and Katja Gagen (Playground Global)

Ex­clu­sive: Tech VC firm Play­ground Glob­al deep­ens biotech fo­cus, hires for­mer a16z part­ner with next fund com­ing

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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