Clarus raises $660M for new life sciences fund

Clarus Ventures has raised $660 million for its second life sciences fund. Principals with the fund say they've invested 90 percent of the first biotech fund of $500 million [1], which was raised in 2005. And the life sciences field has remained hot [2] for investors. The National Venture Capital Association, PricewaterhouseCoopers and Thomson Financial concluded that a third of all venture money went to biotech and medical device makers in the last quarter of 2007. 

"We have effectively completed the deployment of our first fund and built a diversified portfolio of exciting companies," said Robert Liptak, a Clarus Ventures Managing Director. "These include companies with...breakthrough products and technologies such as Aerovance [3], Centaurus, CoMentis, ESBATech, Pearl, ProActa, SarCode, Taligen [4], and Variation."

- read the release [5] for more
- check out the report [6] from The Boston Globe

Related Articles:
Clarus closes $500M fund. Report [1]
Billion-dollar baby: Biotech still on a roll with VC funds. Report [7]
The top 20 VC deals of 2007. Report [8]
Biotech, emerging markets are big VC targets. Report [2]