Tuesday, January 3, 2012

Vivo Ventures Closes $375M Healthcare Fund

Palo Alto-based Vivo Ventures announced this morning that it has closed on a new, $375M healthcare fund. The fund, Vivo Ventures VII, is the firm's seventh fund, and brings the total managed by the group to more than $1 billion. The firm said the fund will invest in later development stage pharmaceutical and medical device companies in both the U.S. and China.