Fresh money

Fresh money is the best money.  Fresh money means that VC’s and PE firms need to make new investments, to put their fresh money to work.

Here’s my list of Life Science VC and Private Equity Fundraising for 2009 and the first half of 2010, culled from news articles over the past 18 months.  Enjoy.

My list is likely not comprehensive, as firms don’t always announce new funds.  I plan to post updates to this list quarterly.  Also, I plan to make a table of 2008 and 2007 vintage funds for an upcoming post.  Leave a comment if I am missing a fund raise in this table, and I’ll update it.

Date VC Website Headline
6/30/10 NeoMed Management http://www.neomed.net/ NeoMed is raising EUR100M fifth fund, per VentureWire
6/29/10 SV Life Sciences http://www.svlsa.com/ SV Life Sciences raises $523M fifth fund
6/29/10 NYU Innovation Venture Fund http://www.nyu.edu/ NYU announces plans to create $20M venture fund, which will begin investing in 2011
6/24/10 Longwood Founders Fund n/a Longwood Founders Fund adds $23M, bringing total to $73M in first fund
6/14/10 Polaris Venture Partners http://www.polarisventures.com/ Polaris raises $233M for sixth fund, targeted at $400M, per regulatory filings
6/11/10 Orbimed Advisors http://www.orbimed.com/ Orbimed is raising $300M roylaty fund, which will acquire royalty interests in drugs or other life science products.
6/8/10 Plymouth Venture Partners http://www.plymouthvc.com/ Great-Lakes-region-only VC Plymouth raises $15M second fund
6/9/10 Qiming Ventures http://www.qimingventures.com/ Shanghai-based Qiming Ventures raises CNY250M Healthcare fund, per VentureWire
6/2/10 Flagship Ventures http://www.flagshipventures.com/ Flagship raises $20M towards targeted $300M life sciences and cleantech fund
5/3/10 Seneca Partners http://www.senecapartners.com/ Middle-America-focused Seneca plans to raise $50M second fund in 2010, per VentureWire
5/1/10 Third Rock http://www.thirdrockventures.com/ Third Rock has first close on $400M second fund
4/29/10 Nextech Ventures http://www.nextechventure.com/ Zurich-based Nextech holds Eur26M first close on its third fund
4/28/10 Healthcare Ventures http://www.hcven.com/ HealthCare Ventures is raising $250M ninth fund
4/8/10 Cross Atlantic Partners http://www.crossatlanticpartners.com/ Cross Atlantic Partners is raising $100M healthcare fund
2/13/10 MPM BioVentures http://www.mpmcapital.com/ MPM Raises $140M for fifth life sciences fund
2/9/10 White Pine Medical Fund http://www.whitepinemedical.com/ Dan LeMaitre and Essex Woodlands form $50M fund to do medical device growth equity acquisitions
2/8/10 Bain Capital Ventures http://baincapitalventures.com/ Bain Capital Closes $525M fourth fund
2/3/10 Minnesota Life Sciences Seed Fund n/a Triathlon Medical Ventures and Affinity Capital Announce Collaboration in the Formation of the Minnesota Life Sciences Seed Fund
1/26/10 Soffinova Partners http://www.sofinnova.com/ Soffinova closes Eur260M sixth fund
1/21/10 Incyte Venture Partners n/a San-Antonio-Texas-area Incyte raises $11.2M first fund
1/19/10 HLM Venture Partners http://www.hlmventurepartners.com/ HLM holds$65M first close of third fund, targeted at $200M, per PE Hub
1/13/10 BioMed Partners http://www.biomedvc.com/ Swiss BioMed Partners closes CHF106M second EU-focused fund
1/6/10 New Enterprise Associates http://www.nea.com/ NEA closes $2.45B 13th fund, largest single fund since 2007, for information technology, energy technology and healthcare
1/5/10 Orbimed Advisors http://www.orbimed.com/ Orbimed raises $312M towards 4th healthcare fund, per regulatory filings
1/4/10 Marquam Hill Capital http://www.marquamhillcapital.com/ Portland, OR-based Marquam Hill raises $5M of planned $25M fund
12/22/09 Psilos Group http://www.psilos.com/ Psilos raising new fund with $450M target, per regulatory filing
12/9/09 Gilde Healthcare http://www.gildehealthcare.nl/ Private Equity fund Gilde Healthcare is raising EUR50M for european growth equity fund
12/7/09 5am Ventures http://www.5amventures.com/ 5am Raises $200M third fund for life science companies
11/19/09 BioStar Ventures http://www.biostarventures.com/ Physician-run BioStar raises $30M of $75M second medical device fund
11/18/09 Founder Collective http://foundercollective.com/ Founder Collective Closes $40M first seed-stage fund
11/12/09 Highland Capital http://www.hcp.com/ Highland Capital Closes $400M eighth fund, staying away from medical devices
11/4/09 GE Healthcare Innovation Fund http://www.healthymaginationfund.com/ GE Healthcare plans to invest from $250M Healthcare Innovation Fund in first half 2010
11/2/09 Greylock http://www.greylock.com/ Greylock closes $575M 13th fund
11/2/09 Ballast Point http://www.ballastpointventures.com/ Southeastern-US and Texas -focused Ballast Point raises $140M of $150M-target 2nd fund
10/27/09 Mission Bay Capital Fund http://missionbaycapital.com/ Mission Bay Capital Fund raises $7.5M to fund University of California biosenced entrepreneurs
10/7/09 Mobius Life Sciences Fund http://mobiuslifesciences.com/ Nottingham-UK based Mobius launches seed fund
10/6/09 Cardinal Partners http://www.cardinalpartners.com/ Cardinal has raises $152M of $175M third fund
10/5/09 Village Ventures http://www.villageventures.com/ Village Ventures Postpones fundraising for third fund, adds $40M to second fund
9/28/09 New Markets Venture Partners http://www.newmarketsvp.com/ New Markets Closes $21M second fund
9/21/09 Arch Venture Partners http://www.archventure.com/ Arch opens small office in Cambridge, MA
8/28/09 Helix Ventures http://www.helixventure.com/ Helix is targeting $150M raise for its first fund
8/18/09 Pelion Venture (fka UV Partners) http://pelionvp.com/ UV closes $120M fourth fund
8/17/09 EDF Ventures http://www.edfvc.com/ EDF closes on $4M of $15M healthcare fund, per venturewire
8/11/09 Mohr Davidow Ventures http://www.mdv.com/ MDV raises three annex funds (additionally cash for existing funds)
8/11/09 Domain Associates http://www.domainvc.com/ Domain Associates closes $500M eight fund
8/3/09 Lilly Ventures http://www.lillyventures.com/ Lilly Ventures separates from Eli Lilly, closes $200M fund
7/7/09 Excel Venture Management http://www.excelvm.com/ Excel closes $125M first fund
6/30/09 BB Biotech Ventures http://www.bbbiotechventures.com/en/ Swiss BB Biotech Ventures closes EUR67.5 million ($95 million) third fund
6/26/09 GRA Venture Fund http://www.gra.org/ Georgia-only GRA Venture Fund raises $18.75M, matches private investors at 3-1
6/19/09 Foundation Medical http://www.foundmed.com/ Foundation Medical raises $58.6M towards it 3rd fund
6/5/09 NewSpring Capital http://www.newspringcapital.com/ NewSpring Capital is raising 2nd mezzanine fund with a $150M target
5/18/09 NGN Capital http://www.ngncapital.com/ NGN Capital is rasing a 2nd healthcare venture fund
5/7/09 Triathlon Medical Ventures http://www.tmvp.com/ Triathlon Medical Ventures is raising a 2nd fund, target: $150M
4/13/09 Dominus Capital http://www.dominuscap.com/ Former members of Quad-C Management held $102.6M first close on first fund, target $375M
3/31/09 Essex Woodlands Health Ventures Essex Woodlands raises $900M eighth fund
3/23/09 Merck Serono Ventures http://www.merckserono.com/ Merck Serono Forms VC Group
3/13/09 Pharma Capital Partners http://pharmacapitalpartners.com/ Pharma Capital Partners is raising $100 million for first fund, according to VentureWire
3/11/09 Pappas Ventures http://www.pappasventures.com/ Pappas Ventures closes $102M fourth fund
3/3/09 Index Ventures http://www.indexventures.com/ Swiss/UK-based Index Ventures closes EUR350 million ($440 million) sixth early-stage fund
2/17/09 Arboretum Ventures http://www.arboretumvc.com/ Arboretum Ventures closes $73M second fund
2/13/09 Kleiner Perkins http://www.kpcb.com/ Kleiner Perkins adds additional funding to four recetn funds including their 13th fund which closed in 2008
2/5/09 LaunchCapital http://www.launch-capital.com/ LaunchCapital officially debuts its first seed-stage ($50K to $150K) fund
2/4/09 Epic Ventures http://www.epicvc.com/ Epic Ventures secured about half of  $150 million target fourth fund, per VentureWire
2/4/09 Pinnacle Ventures http://www.pinnacleven.com/ Venture and venture-debt firm Pinnacle Ventures raises $107M towards 3rd debt fund, target $250M per regulatory filing
1/16/09 QureInvest AG http://www.hs-lifesciences.com/quIv.html HS LifeSciences, closes new CHF27.5 million ($24.5 million) fund, QureInvest AG to invest in start-up biotech companies
1/13/09 Tailwind Capital http://www.tailwind.com/ Private equity firm Tailwind Capital closes $775 Million first fund
1/9/09 Aisling Capital http://www.aislingcapital.com/ Aisling Capital Raises $650 Million for Third Fund
1/6/09 Carlyle Group http://www.carlyle.com/ PE firm Carlyle Group Closes Fund at $13.7 Billion.  Within a broad PE portfolio, Carlyle does make some life science venture investments
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