Hot Life Science Investor Mandate 3: VC Group has Interest in CMOs, CROs – March 7, 2013

6 Mar

A venture capital group based in the Eastern US has around $200 million in assets, and is currently deploying capital from the firm’s second fund, which has $100+ million in assets. They are currently looking for new investment opportunities in the life sciences space, and plan to invest in 2-3 new firms within the next six to nine months. The firm allocates $3-10 million and the majority of the group’s investments are in the $5-7 million range.

The firm is most interested in biotech R&D services firms, and is seeking contract manufacturing organizations (CMOs) and contract research organizations (CROs). The firm is looking for biotech firm’s whose primary customer base is biotech therapeutic and diagnostic firms as well as pharmaceutical companies. The firm prefers companies that have at least $2 million in revenue, but prefers firms in the $5-30 million range. The firm solely invests in privately owned firms.

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