Armed with $137M fund, Signet launches hunt for a dozen new biotech plays
Signet Healthcare Partners is getting the year started by rolling out a new, $137 million biotech fund.
The New York-based group won’t win any awards for the biggest fund to hit the industry as VCs make off with a string of record sums. But it’s now lining up about a dozen new portfolio plays.
The 19-year-old fund has accumulated a large portfolio over the years, investing in firms like Pfenex, one of 45 upstarts they’ve backed with more than $400 million. And they’re looking to invest up to $15 million in each new company they back.
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