Deerfield dives into emerging telemedicine tech with new $840M fund

Deerfield is echoing the message from other investors during the COVID-19 pandemic that early-stage investing will go on with the closing of its new $840 million fund. The firm is also sending a new message that opportunities in telemedicine technologies are emerging from the crisis.

The announcement comes four days after Arch Venture Partners and Flagship Pioneering unveiled new funds that each raised over $1 billion (see “Billion Dollar Funds from Arch, Flagship”)...