Wednesday, November 15, 2006 - Sofinnova closes seventh fund

"Sofinnova Ventures closed its largest venture fund to date, capping Sofinnova Venture Partners VII at $375 million, a 50% increase from the San Francisco firm's 2003 fund.
The new fund will continue Sofinnova's emphasis on life sciences and information technology, with about two-thirds of deals centered on pharmaceutical companies and one-third on wireless technology startups. The firm is maintaining the same management structure it has had for its Sofinnova Venture Partners VI fund, with the additional money going into slightly larger deal size and deals per partners."

Other Sources:
Sofinnova Ventures Closes SVP VII With $375 Million Yahoo! News (press release)
US firm Sofinnova Ventures closes SVP VII on $375m AltAssets
Sofinnova Ventures Closes SVP VII With US$375 Million

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