>€70mventure capital fund to target life sciences sector

Two Irish venture capital funders have defied the economic gloom and raised a €70 million fund to invest in life sciences companies. Dublin-based Seroba Bio Ventures and Kernel Capital Partners, a Cork funder, have joined forces on the new fund, whic

31st January, 2009

Two Irish venture capital funders have defied the economic gloom and raised a €70 million fund to invest in life sciences companies. Dublin-based Seroba Bio Ventures and Kernel Capital Partners, a Cork funder, have joined forces on the new fund, which was closed in recent weeks and will be launched shortly. It is backed by Enterprise Ireland and several large institutional investors.

A new company and partnership, Seroba Kernel Life Sciences, has been incorporated, and...

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