Seattle-based Biomatics Capital Partners, a venture capital firm focused on genomics, digital health and data-driven healthcare technologies, has announced the closing of its initial fund of $200 million, in excess of its target of $150 million.
Biomatics focuses on advancing academic research and early-stage health care innovation to commercialization. The firm estimates that it will invest in 15 to 20 companies through this fund, acting as Series A lead investor in a majority of the deals. Initial investments typically range from $5 million to $10 million, with up to $20 million over the life of the investment.
