Forbion Raises €2B in Oversubscribed Growth, VC Funds

Dutch venture capital firm Forbion announced the final close of two oversubscribed funds, raising more than €2B (~$2.2B) in capital commitments and boosting its aggregate assets under management to €5B (~$5.5B).

In a press release published October 15, Forbion said its Growth Opportunities Fund III and Ventures Fund VII both exceeded their initial targets after raising €1.2B (~$1.3B) and €890M (~$980M), respectively.

Each fund is expected to deploy investments to approximately 15 portfolio companies in the life sciences sector, adding to the venture firm’s 26 portfolio companies from predecessor funds Growth Opportunities II and Ventures VI. Forbion said it has made a total of 128 investments, 58 of which are currently active.

View the press release here.

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