Just Closed: HealthCap raises $160m

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HealthCap has raised $160 million for its HealthCap VII, according to a SEC filing. The Stockholm-headquartered firm began fundraising in 2015 with a €200 million target.

Its previous fund raised €110 million in 2013.

Investors that committed to HealthCap VII include the University of Michigan and the European Investment Fund.

The fund will target venture capital/growth equity opportunities in biotech/life sciences sectors in Europe.