Fast fund

Atlas Venture’s LPs clearly don’t think the firm needed to tweak its life sciences strategy, as investors heavily oversubscribed its eleventh fund within three months, making it firm’s fastest fund-raising in over 15 years.

On June 29, Atlas announced the closing of Atlas Venture Fund XI at $350 million, beating the initial target of $300 million. It is the firm’s second life science-only fund; Atlas Venture Fund X closed with $280 million in 2015. ...