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Venrock raises $194 Million, may invest in India
By siliconindia
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Bangalore: U.S. based venture capital (VC) firm Venrock Associates has raised $194 million to invest in healthcare companies both late stage and public companies. With the current funding, the firm has approximately $2.2 billion under management.
Originally established as the venture arm of the Rockefeller family, the VC firm may also look at India opportunistically, though its main would be on U.S. companies, as reported by VCCircle. Venrock has been investing in the healthcare sector since the 1980's and its historical portfolio includes five of the largest U.S. biotech companies ever founded. The company has earlier invested in Hyderabad-based Hellosoft, a product solutions company focused on voice over Internet protocol, as part of a consortium of investors in 2005. The investments in India are handled through its partner Dev Khare. "The new fund will invest mainly in U.S. companies, but there is an allocation with no specific geographic focus, which could be invested outside the U.S.," said a company spokesperson.
Other U.S. venture firms in India who invest in late stage and public enterprises comprise of like Sequoia Capital, Lightspeed Venture Partners and Mayfield Fund.
