Morgenthaler closes on $263M for new fund
Morgenthaler Ventures, a Menlo Park, Calif. firm focused on life sciences and information technology, has raised $263 million for a new venture fund, its ninth, according to VentureWire. The firm is targeting of $400 million.
Morgenthaler’s Cleveland-based buyout team plans to raise its own fund next year.
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About the Author, Anthony Ha
Anthony is VentureBeat's assistant editor, as well as its reporter on enterprise technology, cloud computing, and tech policy. Before joining VentureBeat in 2008, Anthony worked at the Hollister Free Lance, where he won awards from the California Newspaper Publishers Association for breaking news coverage and writing. He attended Stanford University and now lives in San Francisco. Reach him at anthony@venturebeat.com. You can also follow Anthony on Twitter.