Venture Investors plans to raise up to $100 million for a new, healthcare-focused venture capital fund, the Madison, WI-based firm said in a documentrecently filed with federal securities regulators.
VI is the oldest and largest venture capital fund in Wisconsin.
It created a new business entity, “Venture Investors Health Fund 6 LimitedPartnership,” under whose name the document was filed.
The filing lists the same business address and some of the same executiveofficers as previous funds VI has raised for investing in startups.
Scott Button, a managing director at VI, declined to say what the organization’stimeline is for raising the new healthcare fund, citing regulatory restrictions.
The Wisconsin-based healthcare businesses that VI has backed include CellectarBiosciences, FluGen, and TAI Diagnostics.
Two Madison-based startups in VI’s portfolio were acquired by large, publiclytraded companies in the last two years: NeuWave Medical, which was sold toEthicon, a subsidiary of Johnson & Johnson; and Virent, which was acquired byAndeavor.