NEW YORK--(BUSINESS WIRE)--AlleyCorp, a firm dedicated to founding and funding companies in New York City, announced today that Brenton Fargnoli, MD, MBA has joined as Partner. Fargnoli, previously an executive at Flatiron Health, will lead AlleyCorp’s healthcare investments and incubations.
Founded by long-time entrepreneur, Kevin Ryan, AlleyCorp has helped build some of New York’s most successful technology companies, including DoubleClick, Gilt Groupe, Business Insider, Zola, and MongoDB. AlleyCorp invests in early-stage companies across consumer and enterprise, often led by first-time founders in New York City. The firm’s push into healthcare comes after co-founding Nomad Health in 2015. With the addition of Fargnoli, healthcare will become a key part of AlleyCorp’s focus.
“I’ve been amazed by the growth of technology in New York over the last 10 years,” said Kevin Ryan. “AlleyCorp has been committed to nurturing companies from the beginning, and now is the right time to expand into healthcare. We’re thrilled to welcome Brenton as we start this next chapter.”
At Flatiron Health, which was recently acquired by Roche, Fargnoli started Flatiron’s value-based care initiative and scaled it nationally, built-out and oversaw Product Marketing and Strategy, and was instrumental in the partnership with OneOncology which launched with $200M in funding. Fargnoli, a practicing physician, completed his residency at Harvard’s Brigham and Women’s Hospital and is board certified in Internal Medicine.
“I’ve seen first-hand that patients today aren’t just in need of a new drug. They’re struggling within an antiquated healthcare system to access, afford, understand and have a voice in their care. In joining AlleyCorp, I’m seeking to change that. Many of today’s most pressing healthcare issues are rooted in technology or business problems, so I couldn’t be more excited to team up with Kevin Ryan and AlleyCorp,” said Fargnoli.
While expanding to include a healthcare focus, AlleyCorp remains industry agnostic. Recent early-stage investments range from Uala, one of the fastest growing fintech startups in Argentina, to Security Scorecard, a Sequoia and Google Ventures backed enterprise security company, to Nara Organics, an organic infant formula company.
Founded by long-time entrepreneur, Kevin Ryan, and based in New York City, AlleyCorp continuously founds, builds, and invests in companies. On the incubation side, AlleyCorp originates the idea, hires the team, funds the initial 6-12 months, launches the company, and maintains integral leadership throughout the company's lifecycle. Since AlleyCorp’s inception, these incubated companies have raised over $800M in funding with an aggregate value over $10B. AlleyCorp also invests in early-stage companies, often as the first investors. With a deep empathy for the founder’s journey, as founders of companies through its incubations, AlleyCorp is dedicated to investing in and partnering with incredible entrepreneurs in New York. For more information, please visit www.alleycorp.com.