VC Firm Versant Ventures Closes In On $300 Million Fund For Medtech And Biotech

Published: Jul 09, 2014

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Versant Ventures, a California-based venture capital firm with a history of investing millions in Minnesota health care companies, has closed on $295 million for a new fund, according to a regulatory filing.

The firm, which opened a Twin Cities office in 2012, said in a regulatory filing last year it was seeking $250 million for its fifth fund. A late June filing sets a target of $300 million, which is about $200 million less than the West Coast firm's previous fund.

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