Luck and uni­corns? Who needs that? San­té Ven­tures’ new $250M fund is look­ing for biotech up­starts

A Texas-based ven­ture group with a yen for biotechs trav­el­ing off the beat­en path has raised a new $250 mil­lion fund to con­tin­ue its jour­ney.

San­té Ven­tures in Austin says it ex­pects to make 20 to 25 new in­vest­ments with this new fund, which added the Penn­syl­va­nia Pub­lic School Em­ploy­ees’ Re­tire­ment Sys­tem to its list of in­sti­tu­tion­al back­ers. And they’re look­ing to jump in ear­ly — any­where from seed to Se­ries B.

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