Life sciences venture firm Vida Ventures raises $825 mn for third fund

By Reuters

  • 25 Jun 2021
Credit: 123RF.com

Life sciences venture capital firm Vida Ventures said on Thursday it had raised $825 million in an oversubscribed funding round for its third fund from existing and new blue-chip institutional investors across the globe.

Vida, an investment firm founded in 2017 that has over $1.7 billion in assets under management, said its Vida III fund will focus on identifying and investing in transformative biomedical innovations.

Investors who participated in the round include top-tier endowments and foundations, sovereign wealth funds, pensions, financial institutions, family offices and notable individuals, among others.