Illumina launches new VC firm with $100M

Illumina Inc. (NASDAQ:ILMN) is investing $100 million in the first fund of Illumina Ventures, a new independently managed venture firm. Former Illumina SVP of Corporate and Venture Development Nicholas Naclerio is the firm's founder. Illumina will be the fund's majority LP.

Spokesperson Eric Endicott said the fund can raise up to $100 million more from other LPs that are not in the sequencing business, but declined to give a timeline for the fund's final close. ...