Fonds de solidarité FTQ commits $15 mln to new Versant fund

The Fonds de solidarité des travailleurs du Québec FTQ has committed US$15 million to the newly closed fifth healthcare fund of U.S. venture capital firm Versant Ventures. The Fonds said it backed the US$305 million fund because Versant is making an important contribution of capital and investment models to Québec’s life sciences sector. Earlier this year, Versant launched a new incubator in Montréal, Inception Sciences Montréal, which specializes in drug discovery and development.

11 December 2014•3 mins read
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