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United States : Frazier Healthcare raises $262M for latest life sciences venture fund.

Frazier Healthcare has secured $262 million for its latest life sciences venture fund that will support early stage therapeutics companies.

Frazier said the Seattle-based fund, which comes after a similar $377 million fund the company secured two years ago, will focus on seed and Series A funding for startups and, start investing in 2016.

Frazier is continuing to raise for another fund, called Frazier Healthcare Growth Buyout Fund. That fundraising is yet to be completed, but the company has said on its website that side of the business focuses on investing in older, profitable companies across the medical industry.

Frazier was established in 1991 by Alan Frazier, an ex-executive at Immunex. This is the eighth fund for the national company, which has over $2 billion in assets under management, 170 healthcare portfolio companies and has supported 35 firms that went on to IPO.

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Publication:Mena Report
Date:Nov 2, 2015
Words:156
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