InterWest closes $650M fund
InterWest Partners has closed its tenth fund at $650 million. The firm plans to invest in early-stage life science and information technology companies, with the new money backing between 25 and 30 startups in each sector.
The Menlo Park, Calif, firm has also promoted three team members to the rank of general partner — Chris Ehrlich and Nina Kjellson, who focus on life sciences, and Doug Pepper, who focuses on IT.
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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.