Venture capital fund Atomic closed on $320 million and plans to target healthcare startups, Fortune first reported May 15.
In previous funds, Atomic helped build digital health platform Hims & Hers. Over the course of the newest fund, the group will help develop more than 60 companies, Atomic CEO Jack Abraham told Fortune.
"I think there hasn't been a better time in modern history" to build startups, Mr. Abraham said.
"During economic boom times, talent becomes scarce." But "that has definitely shifted — there's so much talent availability to the point that we actually can't process it all."