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.