Santé seeks bigger stakes with $250M new fund

By nearly doubling the size of its second fund, Santé Ventures is hoping its new $250 million fund will give the firm the cash it needs to keep higher ownership stakes in its portfolio companies compared with previous funds. Texas-based Santé said Wednesday it closed its oversubscribed Santé Health Ventures III above its $200 million target.

Founded in 2006, Santé invests in medical technology, biotech, digital health and healthcare services and aims to make its first investment early in a company, usually leading or co-leading the seed, series A or B round. ...