Playground raises $410M fund, Artis closes $200M as biology and tech VC convergence continues
14 Dec 2023
Two Bay Area venture capital firms that invest in biotech startups — but also put their money behind a broader swath of nascent companies in biology, tech and adjacent fields — said Thursday morning that they’d raised new funds.
Palo Alto-based Playground Global brought in a $410 million third fund and Artis Ventures closed a $200 million fund dubbed TechBio II. The raises came in about $90 million and $100 million below original targets, respectively, as outlined in SEC filings.
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Source: EndPoints
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