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Atlas holds up new fund for biotech and ITThe venture capitalist has announced a $950m fund aimed at biotech and IT, but not the internet. Institutionals on both sides of the Atlantic contributed to the fund.
- Atlas VI to be “bigger than the last one”
The VC is reported to have closed its sixth fund.
- Index Ventures leads E34m financing round for Cellzome
The biopharmaceutical company will use the funding to boost infrastructure, programmes and recruit staff.
- Digital Rum secures $16m second round of financing
TH Lee Global, Atlas Venture, Orange Ventures and Mitsubishi are backing the UK-based m-commerce developer.