SVLS closes V fund

While the pace of venture fundraising suggests some VCs are having trouble raising new funds, SV Life Sciences has closed its fifth fund on target at $400 million, with the prospects of surpassing $500 million.

"2009 was the worst fundraising year in six years for VCs. In total, the industry was only able to raise $250 billion. However, it is clear that VCs that have funds that have performed well can still attract money," General Partner Kate Bingham told Ebb & Flow...