Truffle Eyes A Dozen Investments With New BioMedtech Fund

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...

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