\u201cOur idea is to bridge labs-to-launch for the best and brightest computational health builders out of academic circles,\u201d said Minno, who became interested in healthcare amid the trials of her last pregnancy and the difficult diagnosis of a loved one. \u201cI became a little bit problem-obsessed. And I\u2019m a student of Esther\u2019s: I believe in iterating on things until they\u2019re correct. I couldn\u2019t believe that we can let the healthcare system operate the way it does. All of us wind up in that bed one day.\u201d<\/p>\n
Wojcicki is famous for her \u201cfail fast and revise\u201d philosophy, and her 2019 book How to Raise Successful People. (All her daughters have become leaders in tech and medicine, including late YouTube CEO Susan Wojcicki<\/a> and 23andMe\u2019s Anne Wojcicki. The least well-known of the three, Janet, is a leading UCSF anthropologist and epidemiologist.)\u00a0<\/p>\n \u201cAll learning involves failure,\u201d said Wojcicki. \u201cYou just need to do it again and do it again until you get it right\u2026 You couldn\u2019t get a bad grade in my class. You could just revise until you got it right, because all these mistakes that people were making were just examples of them just not knowing it\u2026 but when they revised, they understood it and they did it perfectly.\u201d<\/p>\n This ultimately applies to Treehub, which is backed by the AI Health Fund that\u2019s deploying $10 million over the next 18 months into founders straight out of academia (and who will have to, presumably, fail fast and revise). So far, Minno and Wojcicki have invested in 12 companies, including Clair Health, which is looking to build the first continuous hormone monitor for women, and Nestwell, which assesses home health by tracking mold and chemical exposure. The residency\u2019s backers so far include venture capital OG Tim Draper and Anne Wojcicki, who told Fortune via text that it\u2019s the right time for something like this.\u00a0<\/p>\n \u201cWe\u2019re in a window right now where AI can fundamentally reshape the healthcare industry, but only if the founders with the science are given the capital and mentorship they need to succeed,\u201d Anne wrote to Fortune.\u00a0<\/p>\n Treehub is indeed emerging in the context of a broader moment in the AI boom around healthcare, where there\u2019s an extremely high level of optimism among founders and investors about the changes AI could reasonably bring about. There\u2019s also an urgent sense that the time between academia and commercialization can compress.<\/p>\n \u201cThings stay in academia for far too long,\u201d said Minno. \u201cWe can and need to commercialize these things faster, and we need to get people healthier more rapidly.\u201d<\/p>\n Term Sheet Podcast\u2026 This week\u2019s episode features Esther and Mary! Esther shares her leadership and parenting philosophy that works as well in the boardroom as it does in the classroom, and Mary talks more about the philosophy behind Treehub. We touch on healthcare, AI, and 23andMe. Watch the episode here.<\/a><\/p>\n Cursor\u2019s $60 billion opportunity\u2026 Last night, news dropped that Cursor and SpaceX<\/a> have been working together and that Musk\u2019s rocket-maker could buy the company for as much as $60 billion. It\u2019s a complex but interesting answer to the question I asked in my last magazine feature: What will become of Cursor? Read the story here.<\/a><\/p>\n See you tomorrow,<\/p>\n Allie Garfinkle Submit a deal for the Term Sheet newsletter here<\/a>.<\/p>\n Joey Abrams curated the deals section of today\u2019s newsletter. Subscribe here<\/a>.<\/p>\n VENTURE CAPITAL<\/p>\n – Syenta<\/a>, a Sydney, Australia-based semiconductor company, raised $26 million in Series A funding. Playground Global and Australia\u2019s National Reconstruction Fund led the round and were joined by existing investors Investible, Salus Ventures, Jelix Ventures, and Wollemi Capital.<\/p>\n – Monk<\/a>, a New York City-based developer of AI-powered accounts receivable platform, raised $25 million in Series A funding. Footwork and Acrew Capital led the round and were joined by BTV.<\/p>\n – Collov Labs<\/a>, a San Francisco-based AI research and product company, raised $23 million in Series A funding from Mindworks Capital, Taihill Ventures, and Brightway Future Capital.<\/p>\n – BuildForever<\/a>, a San Francisco and New York City-based AI email management platform, raised $9.5 million in seed funding from Felicis Ventures, Abstract VC, Elad Gil, A-Star Co, SV Angel, and angel investors.<\/p>\n – Seapoint<\/a>, a Dublin, Ireland-based financial operations platform, raised \u20ac7.5 million ($8.8 million) in seed funding. 13Books led the round and was joined by angel investors.<\/p>\n – Crewline<\/a>, a San Francisco-based developer of self-driving technology for already-built construction vehicles, raised $7.1 million in seed funding. Initialized Capital and Nebular led the round.<\/p>\n – A&K Robotics<\/a>, a Vancouver, Canada-based developer of self-driving vehicles for people with mobility challenges, raised $8 million CAD ($5.9 million USD) in Series A funding. BDC Capital and Vantage Futures led the round and were joined by others.<\/p>\n – AuX Labs<\/a>, a Toronto, Canada-based developer of animal-free cheese, raised $4 million in funding. NYA Ventures and N\u00e0darra Ventures led the round and were joined by Verdex Capital and Builders VC.<\/p>\n PRIVATE EQUITY<\/p>\n – F2 Strategy, a portfolio company of Renovus Capital Partners, acquired Meradia<\/a>, a West Chester, Pa.-based investment management operations and technology consulting company. Financial terms were not disclosed.<\/p>\n – Fortify Restoration, a portfolio company of Osceola Capital, acquired Beach Contractor<\/a>, a Hollywood, Fla.-based structural restoration services provider. Financial terms were not disclosed.<\/p>\n – Grovecourt Capital acquired a majority stake in Guide Architecture<\/a>, a Dallas, Texas-based architecture and planning firm focused on health care buildings. Financial terms were not disclosed.<\/p>\n – Shrieve Chemical Company, a portfolio company of Gemspring Capital, acquired FIS Chemicals<\/a>, an Aberdeen, Scotland-based formulator, manufacturer, and distributor of high-performance chemical solutions. Financial terms were not disclosed.<\/p>\n – TickPick, backed by Brighton Park Capital, acquired Momento<\/a>, a Milton Keynes, U.K.-based experience journaling app. Financial terms were not disclosed.<\/p>\n EXITS<\/p>\n – Catchment Capital agreed to acquire Isolatek International<\/a>, a Stanhope, N.J.-based fireproofing materials company, from SK Capital Partners. Financial terms were not disclosed.<\/p>\n – Montyon Capital acquired a majority stake in TRIGO<\/a>, a Nanterre, France-based quality management company for the transportation sector, from Ardian. Financial terms were not disclosed.<\/p>\n FUNDS + FUNDS OF FUNDS<\/p>\n![\"Fortune](\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/04\/termsheet_16x9_v02-YTButtonLeft.jpg\"\/)
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X: @agarfinks<\/a>
Email: alexandra.garfinkle@fortune.com<\/a><\/p>\n