Pressing the Accelerator

Venture-backed incubator Accelerator Corp. is raising a fourth fund that it expects to close by year end, Chairman and CEO Carl Weissman told BioCentury.

Weissman, who also is a managing director at OVP Venture Partners, expects the fund to total $22.5 million, the same size as the prior fund and enough for about six investments, unless investors opt to expand Accelerator into another geographical region from the Pacific Northwest...