Healthcare-focused venture capital firm TEXO Ventures is planning to raise at least $75m to expand its portfolio.
TEXO plans to add to its first fund, or raise a second one, aiming to tap investors for between $75m and $100m, said managing partner Randall Crowder, according to Dow Jones.
Some of the firm’s portfolio companies such as OpenMarkets are progressing and launching products, said the report.
The firm invests in the managed care and benefit design, medical devices and diagnostics, healthcare IT and personalised medicine technology sectors.
Its investees also include spine motion analysis technology specialist Ortho Kinematics, medical device maker SwipeSense and IsoStem, which is developing a proprietary bone marrow autograft concentration system.
Last November another healthcare focused investment firm, Glide, held a €145m final close on its original target for its latest transatlantic growth capital fund.
Copyright © 2014 AltAssets