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Venrock looking to up fundraising stakes with new $450m fund

23 Jun 2014

dollar pile stack money capital cashFormer Rockefeller family venture capital arm Venrock is reportedly back in the market for a new vehicle targeting $450m.

Venrock VII will hold $100m more capital than the firm’s predecessor vehicle from 2010 if it hits its target according to peHub, which cited two LPs with knowledge of the fundraise.

That vehicle focused on early stage investments in energy, technology and healthcare.

The new fundraise comes hot on the heels of Venrock launching a second vehicle dedicated solely to healthcare deals.

Healthcare Capital Partners II is eyeing $200m according to a document filed with the US Securities and Exchange Commission in March.

Venrock closed its debut healthcare vehicle on $194m five years ago.

Last week Venrock joined another round of investment for medical device company PowerVision, bringing total funding for the round to $30m.

Fellow venture capital firms Aisling Capital and Correlation Venture Partners also joined the Series D round.

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