Pappas Ventures

Pappas Ventures Closes on Fourth Fund

Published in Health Business Week, March 27th, 2009

Pappas Ventures announced the final closing of its fourth fund, a $102 million venture capital fund focused on the life sciences sector. Like its immediate predecessor funds, Pappas Ventures IV will invest in product-oriented biopharmaceutical companies, with a secondary focus on medical technologies.

“We are very pleased to have reached this important milestone,” said Eric W. Linsley, a partner at Pappas Ventures. “The new fund speaks to the strong support we have received from our investors – both new and old – and the track record that our firm has built over the past 15 years.” The North Carolina-based firm expects to invest in approximately 12 to 15 portfolio...

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Source: Health Business Week (2009-03-27)

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