Venrock VI Fund Loaded with $350 Million In Funding
Venrock has finished collecting the $350 million in funding for its VI Fund. It is now ready to start looking for companies to invest in with the venture capital cash hoard.Venrock is a premier venture capital firm with offices in Palo Alto, CA; New York, NY; and Cambridge, MA. Originally established as the venture capital arm of the Rockefeller family, Venrock continues an eight-decade tradition of partnering with entrepreneurs to establish successful, enduring companies. Having invested $2.5 billion in 442 companies resulting in 124 IPOs and 128 M&As over the past 40 years.
The new VI Fund has $350 million to invest. The focus of the fund is on investments in early stage technology, healthcare and energy companies. The firm was an early leader in healthcare venture capital, as initial investors in biotechnology pioneers Genetics Institute, Centocor, Idec Pharmaceuticals and Gilead Sciences. It also made early technology investments in market leading companies such as Intel, Apple Computer, 3Com, Check Point Software, DoubleClick and StrataCom.
If you are looking for VC money, you can do a lot worse than going to Venrock. The company not only has $350 million in hand at the moment, but they also have a long history of getting companies from the early development stage to the market in spectacular fashion. Names like Intel and Apple speak for themselves. One can expect the money to get used quickly, so investigate your options quickly with the company.
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