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Burrill closes life sciences fund below target at $211m

13/01/2004Source: AltAssets.  

Click here for the latest news, views and interviews in the clean energy investor communityBurrill & Company has announced a final close on its Burrill Life Sciences Fund with total commitments of $211m. The fund was initially targeting $250m.

‘We’re very excited to have successfully completed our fundraising in a very difficult venture capital fundraising environment,’ said Steven Burrill, CEO of Burrill & Company.

The Burrill Life Sciences Capital Fund will invest in companies in the biotechnology, therapeutics, diagnostics, pharmaceuticals, and devices sectors. The firm will make investments of between $5m and $15m and anticipates a portfolio of between 20 and 40 companies.

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