InterWest closes $650M fund

Successful CMOs achieve growth by leveraging technology. Join us for GrowthBeat Summit on June 1-2 in Boston, where we'll discuss how to merge creativity with technology to drive growth. Space is limited. Request your personal invitation here!

InterWest Partners has closed its tenth fund at $650 million. The firm plans to invest in early-stage life science and information technology companies, with the new money backing between 25 and 30 startups in each sector.

The Menlo Park, Calif, firm has also promoted three team members to the rank of general partner — Chris Ehrlich and Nina Kjellson, who focus on life sciences, and Doug Pepper, who focuses on IT.

VentureBeat’s VB Insight team is studying marketing analytics... Chime in here, and we’ll share the results.