Arch Ven­ture sets its sights on rais­ing $600M for Fund X

Bob Nelsen’s VC group Arch Ven­ture Part­ners has filed pa­per­work with the SEC ex­press­ing its plans to raise $600 mil­lion for its tenth fund — its biggest ever. The an­nounce­ment comes at a time when the bio­phar­ma world is at­tract­ing an ex­plo­sive lev­el of ven­ture cap­i­tal as Big Phar­ma be­comes in­creas­ing­ly de­pen­dent on small­er play­ers for in­no­va­tion. So far no cap­i­tal has been raised for Fund X ac­cord­ing to the SEC fil­ing post­ed on Mon­day.

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