Deals

Morgenthaler closes on $263M for new fund

Morgenthaler Ventures, a Menlo Park, Calif. firm focused on life sciences and information technology, has raised $263 million for a new venture fund, its ninth, according to VentureWire. The firm is targeting of $400 million.

Morgenthaler’s Cleveland-based buyout team plans to raise its own fund next year.

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