Third Rock Ventures closes $516M fund

Written By Unknown on Senin, 25 Maret 2013 | 23.16

Third Rock Ventures LLC, a venture capital firm focused on the health-care sector, said today it has closed its "oversubscribed" third fund at $516 million.

With this fund, known as Fund III, Third Rock said it will continue to execute on its strategy of launching, building and supporting transformative health-care companies.

Since its inception, Third Rock has raised more than $1.3 billion, including Fund III, for investments in health-care companies, with a particular emphasis on innovative product engines, officials said.

"Our funding to date has enabled us to successfully seed, support or launch more than 31 important health-care companies," said Third Rock Partner Kevin Starr. "With Fund III we will continue on our mission, launching up to 16 new companies focused on disruptive areas of science and medicine."


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