Polaris is piecing together a new, $400M-plus biotech fund as good times roll
Back in 2014, I asked MIT’s Bob Langer what distinguished Polaris Partners – a venture group that routinely backed the new companies molded out of the work done in his lab – in a busy field.
“Great judgment,” Langer shot back. “Also treating people great, with many people working with them a 2nd, 3rd, 4th time.”
Fairly soon, Polaris’ venture crew should have the money in hand to make it a fifth time. The venture group filed documents with the SEC earlier this week that pegs its next fund at $400 million — though it’s a mark of honor among biotech VCs to make that the base figure.
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