€85m VC fund to support Irish life sciences sector

Enterprise Ireland has invested €15m in a new life sciences venture capital fund that has the potential to create 1,000 Irish jobs.

€85m VC fund to support Irish life sciences sector
Sat, 10 Jan, 2015 - 00:00
Peter O’Dwyer

Ireland’s largest life science venture capital fund, Fountain Healthcare Partners yesterday announced the initial closing of an €85m fund — the second such fund it has raised.

The Department of Jobs, through Enterprise Ireland has committed €15m to the fund with the remainder raised from institutional investors including the Irish Strategic Investment Fund (ISIF) and the European Investment Fund.

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CourtsPlace: IrelandPlace: USPerson: Richard BrutonPerson: BrutonOrganisation: Enterprise IrelandOrganisation: Fountain Healthcare PartnersOrganisation: Department of JobsOrganisation: Irish Strategic Investment FundOrganisation: ISIFOrganisation: European Investment FundOrganisation: RTÉOrganisation: Morning Ireland
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