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Biotech venture firm, Frazier Healthcare Ventures of Seattle building new fund. Madrono also in the hunt
Frazier Healthcare Ventures, one of the nation’s largest biotech venture-capital firms, is building its largest investment fund yet and already has gathered more than half of the $450 million it aims to collect.
The Seattle-based firm has raised $267 million toward the fund, including a contribution from the giant California State Teachers’ Retirement System, according to a filing with the Securities and Exchange Commission.
By Luke Timmerman
Seattle Times business reporter
Full Story: http://seattletimes.nwsource.com/html/businesstechnology/2002121053_frazier16.html
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Venture Capital: Madrona, Frazier seek investors, more cash
Two of Seattle’s best-known venture capital firms are on the prowl for more money.
Madrona Venture Group, which rose to prominence after partner Tom Alberg placed an early bet on Amazon.com, is soliciting institutional investors for the firm’s second fund.
And Frazier Healthcare Ventures — a 13-year-old firm with investments in more than 75 biotechnology and medical device companies — recently disclosed that it raised more than half of a proposed $450 million fund.
If successful, Madrona and Frazier could add some additional horsepower to a startup technology community that only a few years ago was languishing from the aftereffects of the dot-com boom.
By JOHN COOK
SEATTLE POST-INTELLIGENCER REPORTER
Full story: http://seattlepi.nwsource.com/venture/204104_vc17.html
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