Domain Associates Raises $500M Venture Fund

Venture capital firm Domain Associates, which is based in San Diego and New Jersey, said Monday that it has closed a $500M fund focused on the life sciences industry. The firm said the fund, Domain Partners VIII, L.P., will continue to focus on early stage companies in the drug and device sectors. The new fund brings the company's lifetime funds under management to $2.7 billion. Domain was founded in 1985, and has invested in over 210 life sciences companies.