Med-Tech VC Firm, Versant Ventures Seeks $250 Million Fund

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Versant Ventures, a venture capital firm that’s invested millions in Minnesota companies, is seeking $250 million for its fifth fund. The West Coast firm opened a Twin Cities office last year, with Managing Director Kirk Nielsen saying the move would put Versant closer to its Minnesota portfolio companies and make scouting for Twin Cities deals easier. While Versant isn’t headquartered here, a new fund would be good news for Minnesota medical-device and health care startups.

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