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Truffle Eyes A Dozen Investments With New BioMedtech Fund

 
• By Tina Tan

Truffle Capital has raised $102m for its new institutional venture fund, nearly half of its $240m target, and is set to create and finance a dozen biotech and medtech companies with the capital.

Paris-headquartered VC firm Truffle Capital has bagged $102m for its new BioMedtech fund, and said it is "confident" that it will meet its $240m target this year. The capital will be used to create and support about a dozen medtech and biotech companies.

Truffle raised this initial round of financing from various European and Asian institutional and corporate investors, as well as family offices. The VC firm's investment model is to identify disruptive...

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