Highlights from the past week’s VC Investment Company news.
Heritage Group Closes Healthcare Innovation Fund at $157 Million
Heritage Group, a Nashville, Tenn.-based investment and advisory group that works with health-care companies, has raised its first formal fund, and already used it to back two privately held medical-technology providers, the group said. Heritage Healthcare Innovation Fund LP, a $157 million investment vehicle, will not just provide financial backing to start-up companies, a spokeswoman said, but will enable developers of new products to collaborate with large health-care companies, including some of the fund’s limited partners.
Felicis Ventures Launches $70M Third Fund
Palo Alto, California-based venture capital firm Felicis Ventures has launched its $70m third fund. With the new vehicle, the firm aims to invest in mobile, e-commerce, enterprise, education, and health companies as well as explore technology areas such as 3D imaging, bio-informatics and connected devices at home.
Madrona Venture Group Announces Closing of $300 Million Fund
Madrona Venture Group (www.madrona.com) today announced that it has raised $300 million for its Fund V, with the goal of building another generation of transformational technology companies. The firm has a long history of backing highly successful technology companies, such as Amazon.com, Isilon Systems and other prominent technology companies, including Apptio, Decide.com, Impinj, Redfin, ShopIgniter and Z2Live.
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