ARTICLE | Finance
Playground Global’s on-ramp for first-time founders
Via early-stage biotech financing, the firm focuses on data-generating platforms and best-in-class lead assets
October 17, 2023 1:31 AM UTC
As Playground Global grows the life sciences arm of its “deep tech” thesis, the firm has focused on bringing first-time scientific founders enough capital to de-risk their platform technologies, and helping them identify best-in-class opportunities.
Launched in 2015 with a $300 million fund and a focus on hardware and software, about 25-30% of the firm’s 2016 $500 million second fund has been directed toward life sciences companies, General Partner Jory Bell told BioCentury. ...