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Varsha Rao

North America, California, United States, San Francisco

Description

Varsha Rao serves as an Executive Partner at Flare Capital Partners, a leading venture capital firm specializing in healthcare technology investments. Based in San Francisco, Flare Capital leverages its deep industry expertise to identify and nurture innovative companies poised to transform the healthcare landscape. Rao brings a wealth of operational experience to her role, having held significant leadership positions at high-growth technology companies across various sectors, including digital health, consumer tech, and hospitality. Her background provides a unique vantage point for evaluating the operational scalability and market potential of prospective portfolio companies.

At Flare Capital Partners, Rao is integral to the firm's strategy of investing in early-stage and growth-stage healthcare technology companies. The firm typically deploys initial investments ranging from $5 million to $20 million, targeting Seed, Series A, and Series B rounds. This strategic focus allows Flare Capital to support companies from their foundational stages through significant growth milestones. Her involvement extends beyond capital deployment, encompassing strategic guidance, operational mentorship, and network leveraging for portfolio companies, aligning with Flare's hands-on approach to venture capital.

Rao's extensive executive career, including her tenure as CEO of Nurx, COO of Clover Health, and Head of Global Operations at Airbnb, underscores her deep understanding of scaling complex technology businesses. This operational acumen is a critical asset in her investment role, enabling her to assess management teams and guide companies through critical growth phases. Flare Capital Partners has demonstrated significant fundraising success, with its most recent fund, Flare Capital Partners IV, closing at $350 million in 2022. This follows the successful close of Flare Capital Partners III at $255 million in 2019, reflecting the firm's robust capital base and continued commitment to the healthcare technology sector. Her contributions help solidify Flare's position as a key player in advancing healthcare innovation.

Investor Profile

Varsha Rao has backed more than 42 startups, with 3 new investments in the last 12 months alone. The firm has led 1 rounds, about 2% of its total and boasts 8 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Pre Seed rounds (top funding stages).
  • Majority of deals are located in United States, India, Colombia.
  • Strong thematic focus on Health Care, Software, Medical.
  • Typical check size: $5M – $20M.

Stage Focus

  • Seed (67%)
  • Series A (14%)
  • Pre Seed (7%)
  • Series B (5%)
  • Series E (2%)
  • Series Unknown (2%)
  • Angel (2%)

Country Focus

  • United States (88%)
  • India (5%)
  • Colombia (2%)
  • France (2%)
  • United Kingdom (2%)

Industry Focus

  • Health Care
  • Software
  • Medical
  • Artificial Intelligence (Ai)
  • Biotechnology
  • Financial Services
  • E-commerce
  • Food And Beverage
  • Information Technology
  • Life Science
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Varsha Rao frequently co-invest with?

First Round Capital
North America, California, United States, San Francisco
Co-Investments: 4
Gaingels
North America, Vermont, United States, Burlington
Co-Investments: 2
Bossa Invest
South America, Sao Paulo, Brazil, São Paulo
Co-Investments: 2
General Catalyst
North America, Massachusetts, United States, Cambridge
Co-Investments: 2
Y Combinator
North America, California, United States, Mountain View
Co-Investments: 5
Quiet Capital
North America, California, United States, San Francisco
Co-Investments: 2
Kube VC
Asia, Central Region, Singapore, Singapore
Co-Investments: 2
Flybridge
North America, Massachusetts, United States, Boston
Co-Investments: 2
Andreessen Horowitz
North America, California, United States, Menlo Park
Co-Investments: 2
Flare Capital Partners
North America, Massachusetts, United States, Boston
Co-Investments: 3

Which angels does Varsha Rao often collaborate with?

AA
North America, California, United States, San Francisco
Shared Deals: 2
GR
North America, California, United States, San Francisco
Shared Deals: 2
Dan Rose
North America, California, United States, Palo Alto
Shared Deals: 2
KM
North America, California, United States, San Francisco
Shared Deals: 2
JB
North America, California, United States, San Francisco
Shared Deals: 2
BJ
North America, New York, United States, New York
Shared Deals: 2
LG
North America, New York, United States, New York
Shared Deals: 2
FL
North America, New York, United States, New York
Shared Deals: 2
EG
North America, California, United States, San Francisco
Shared Deals: 2
BS
North America, California, United States, Los Angeles
Shared Deals: 1

What are some of recent deals done by Varsha Rao?

Voiceops

New York, New York, United States

AI coworkers that unlock hidden growth in customer conversations. Built for b2c sales, marketing, and compliance teams.

Software
SeedMar 25, 2025
Amount Raised: $5,000,000
Observo AI

Newark, California, United States

Observo AI is a data pipeline and security platform that offers AI-based observability pipeline services.

Artificial Intelligence (AI)Cyber SecurityDevOpsSaaS
SeedJan 30, 2025
Amount Raised: $15,000,000
Qualified Health

San Carlos, California, United States

Qualified Health is an integrated generative AI into a healthcare platform that offers continuous monitoring of algorithm performance.

Artificial Intelligence (AI)Health CareMedical
SeedJan 8, 2025
Amount Raised: $30,000,000
Remark

New York, New York, United States

Remark is a product guidance startup for online stores that brings the in-store experience online.

GuidesInformation TechnologyInternet
Series UnknownMay 23, 2024
Amount Raised: $10,300,000
knownwell

Needham, Massachusetts, United States

Knownwell is a weight-inclusive healthcare clinic operator that aims to serve patients.

Health CareMedicalPrimary and Urgent Care
Series ADec 20, 2023
Amount Raised: $20,000,000
knownwell

Needham, Massachusetts, United States

Knownwell is a weight-inclusive healthcare clinic operator that aims to serve patients.

Health CareMedicalPrimary and Urgent Care
SeedJan 19, 2023
Amount Raised: $4,500,000
Eigen Therapeutics

Redwood City, California, United States

Biotechnology company developing combination therapeutics for cancer

BiotechnologyLife Science
SeedDec 8, 2022
Amount Raised: $7,000,000
Revyze

Paris, Ile-de-France, France

Revyze is a community-powered app that develops short-form mobile video applications at the intersection of education for iOS and Android.

AppsEdTechHigher Education
SeedJun 1, 2022
Amount Raised: $2,130,259
Pebble

New York, New York, United States

Pebble is the first financial product where you are paid to save, spend, and send your money — all in one balance.

BlockchainFinancial Services
SeedMay 23, 2022
Amount Raised: $6,200,000
Nowadays

San Francisco, California, United States

Nowadays is building the cheapest and most-scalable manufacturing platform for whole cuts of plant-based meat.

Alternative ProteinFood and BeverageFood ProcessingNutrition
SeedApr 18, 2022
Amount Raised: $7,000,000