BioCentury
ARTICLE | Finance

Bigger in Benelux

How BioGeneration Ventures raised its largest fund to date

November 2, 2017 9:37 PM UTC

BioGeneration Ventures parlayed two major wins from its second fund into its largest fund to date, and now has the capital reserves for follow-on investments so the firm can retain more value in portfolio companies.

On Oct. 31, the Dutch VC announced a final close of BioGeneration Ventures Fund III at €82 million ($95.3 million) -- well above the firm’s €50 million ($58.1 million) target, and a dramatic increase from previous funds. BioGeneration Ventures Fund I raised €17 million ($22.4 million) in 2006, and then in 2012, BioGeneration Ventures Fund II closed with €15 million ($19.8 million)...