Thursday, February 25, 2021

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Alta Partners: Closes NextGen Fund III, at $275M

  • Alta Partners, a San Francisco, CA and Denver, CO-based early-stage healthcare venture capital firm, closed Alta Partners NextGen Fund III, L.P., at $275m
  • The firm’s limited partners include some of the leading healthcare organizations in the nation, top financial investors, and successful family offices
  • Alta has raised over $2.3 billion in venture funds, launched over 70 new drugs, and delivered 118 exits and IPOs creating over $36 billion in value for partners
  • The firm raised NextGen Fund I in 2017, and Fund II in 2019 both funds focusing on a concentrated portfolio of companies working with an outstanding group of entrepreneurs
  • In the four years since Fund I closed, the portfolio of early-stage companies invested in by the fund have grown into over $19 billion in enterprise value
  • Alta has invested in some leading biotech therapeutics companies, also including Allakos, VIR Biotechnology, BeBiopharma, and TYRA Biosciences

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