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US firm Santé Ventures closes debut fund on $130m19/12/2007. Source: AltAssets. 
 Austin, Texas-based venture capital firm Santé Ventures has closed its debut fund, Santé Healthcare Ventures I, on $130m, exceeding its original target of $100m. Fundraising began in mid-2006 and the firm held a first closing on the fund in June of this year and a second closing in August.
Santé Healthcare Ventures I invests primarily in seed and early stage medical technologies and healthcare services companies.
The firm has already committed $5.5m from the fund to a $16m series B round of equity financing in spine company Spinal Restoration.
Santé was founded by the three managing directors, Douglas D French, a former president and CEO of Ascension Health; Joe Cunningham, a former chief medical officer of an Ascension hospital and, alongside French, a vice-chair of Health Ventures's investment committee; and Kevin M Lalande, formerly of Austin Ventures.
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