Google Ventures' ex-CEO and founder Bill Maris to raise $100 million healthcare VC fund

After abruptly calling off a $230 million health-care-oriented fund in December, Bill Maris, the former chief executive officer of Google Ventures is once again raising money for a similar but smaller healthcare, biotech and tech-focused venture capital fund, dubbed Section 32.

The new venture capital fund has a size of $100 million and is expected to close later this month or early next month.

Maris is yet to comment on his newest venture capital effort.

According to TechCrunch, Maris plans to operate out of San Diego, "as a lone wolf." Maris is currently rejecting the idea of other investing partners because he doesn't “want to feel pressured to do bad deals,” according to sources familiar with the matter.

These same sources say that Section 32’s investment sizes are likely to range from seed to growth-stage bets, given his past work at GV.

After ditching Google Ventures last year, Maris was initially planning to start a firm nearly identical to Google’s, but without the corporate backing. However, later he dropped the plan, as "he didn’t want to build yet another large VC firm, nor did he want to commit to spending so much time in Silicon Valley."

The new firm is expected to give Maris more flexibility with the future investments.