BioCentury
ARTICLE | Finance

Pontifax’s largest-ever fund, at $404M, will help firm maintain stakes in growth-stage portfolio companies

Israeli VC will continue to hunt for ‘diamonds in the rough’

January 27, 2021 12:38 PM UTC

Building on a string of successful exits with its sixth and largest fund, Pontifax Venture Capital will now have a larger reserve of capital to maintain its ownership stakes in portfolio companies into the growth phase.

Israel-based Pontifax raised $404 million in a first and final close of Pontifax VI. Co-founder and Managing Partner Ran Nussbaum told BioCentury the new fund was raised over a three-week period starting in October, bringing the total capital under management to more than $1.2 billion...