Versant Ventures raises $500M for life sciences investing
Versant Ventures, a Menlo Park, Calif. venture firm that specializes in biotechnology and pharmaceuticals, has raised $500 million for its fourth fund to date.
The firm has some 75 companies under management. Some of its more prominent investments to date include Cadence Pharmaceuticals, Helicos Biosciences and Phenomix.
Total capital managed by Versant exceeds $1.6 billion. The firm plans on investing its latest fund on 30-35 more companies, according to its release.
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Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.