Raising a record $668M in new fund, Foresite sets sights on a tech-driven portfolio
After building up its tech talent with the recruitment of Silicon Valley’s favorite CSO Vikram Bajaj, Foresite Capital has closed $668 million for its fourth and largest fund — and it’s setting aside a decent chunk of that cash for companies combining data science with life sciences.
The focus of the fund should come as no surprise, considering Foresite’s recent investments and its move to recruit Bajaj last year. Bajaj came to Foresite from the Illumina spinout Grail, which is best known for raising $1 billion in less than two years (and for its C suite of ex-Googlers). He also is a co-founder and former CSO for Google’s life science startup Verily.
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