Ad­vent Life Sci­ences launch­es two funds to­tal­ing $215M, and teams with Har­ring­ton Dis­cov­ery In­sti­tute to trans­late re­search

Long­time ear­ly-stage in­vestor Ad­vent Life Sci­ences has com­plet­ed two new funds, and they’re ready to spend the cash.

Ad­vent raised a com­bined $215 mil­lion be­tween the two, an­nounc­ing the rais­es ear­ly Thurs­day morn­ing. The VC firm is call­ing them the Ad­vent Life Sci­ences Fund III and the Ad­vent-Har­ring­ton Im­pact Fund, the sec­ond of which is run joint­ly by the Har­ring­ton Dis­cov­ery In­sti­tute, and is seek­ing rough­ly 15 to 18 new seed or Se­ries A in­vest­ments over the next four years or so.

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