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NYC tech mogul to expand health care investing

AlleyCorp, the firm co-founded by tech entrepreneur Kevin Ryan, is planning a bigger push into health care with its early-stage investments. The Manhattan-based company has hired Dr. Brenton Fargnoli, formerly a senior medical director at oncology startup Flatiron Health, as a partner to lead its health care investments. Ryan led advertising-tech company DoubleClick, which was acquired by a private equity firm for $1.1 billion in 2005. It eventually went public and sold to Google for $3.1 billion. He has since co-founded companies such as online retailer Gilt, database company MongoDB and Business Insider.

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