ARTICLE | Finance
Sofinnova steps up
Why Sofinnova Ventures upped the size of its tenth fund
October 24, 2016 7:00 AM UTC
With fewer crossover investors participating in its private biotech financings, Sofinnova Ventures has raised a new $650 million fund that will allow it to invest more capital per company to see them through key milestones.
Sofinnova Venture Partners Fund X closed on Oct. 17. It is the firm’s third dedicated life sciences fund and its largest to date. Fund IX, previously its biggest, closed at $500 million in 2014...
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