Thursday, July 2, 2009

5AM Ventures III Reaches $159.25M

Menlo Park-based 5AM Ventures, a venture investor in the life sciences industry, has now hit $159.25M in its fundraising for 5AM Ventures III, according to a regulatory filing from the firm today. Details on limited partners in the fund have not been disclosed. 5AM closed an initial fundraise on its newest fund in March, with commitments of $119.25M, according to regulatory filings.