New life science fund, Mirae Asset Capital Life Science, has launched with $50 million targeted towards U.S. biotechnology companies. The fund, which is part of the Mirae Asset Financial Group, aims to support private biotechs from seed funding to series C. Mirae Asset Capital Life Science is interested in areas such as oncology, immunology, cardiovascular and metabolic diseases, CNS and ophthalmology, and genetic diseases. The fund is also open to using AI and machine learning tools for drug discovery and protein engineering. In addition to its launch, the firm has already led a $75 million series C round for an unnamed oncology company that is developing small molecule precision therapies.
Power Moves: Asian Financial Group Launches $50M US Biotech Fund
![](https://funderlyst.com/wp-content/uploads/2023/09/Maintaining-Transparency-with-Investors.jpg)
Latest from Blog
![](https://funderlyst.com/wp-content/uploads/2023/09/How-Venture-Capitalists-Make-Investment-Decisions.jpg)
Key Trends in India’s 2024 Private Equity Market Landscape
“`html TLDR: – India’s private equity landscape stabilizes in the first half of 2024 with investments holding steady at $23-$24 billion. – Key sectors for investment include IT/ITeS, healthcare, and consumer technology.
![](https://funderlyst.com/wp-content/uploads/2023/09/The-Economic-Impact-of-Venture-Capital.jpg)
Accolade launches $70m Web3 fund with Lemniscap partnership
TLDR: Accolade Partners anchors $70m Web3 fund for Lemniscap. The fund is focusing on Web3 technologies and decentralized finance. Accolade Partners has committed to being the anchor investor for Lemniscap’s new $70
![](https://funderlyst.com/wp-content/uploads/2023/09/How-Slack-Changed-Workplace-Communication.jpg)
Redalpine’s Seventh Fund Raises $200m from European Venture Capitalists
TLDR: European VC Redalpine has raised $200 million for its seventh fund, RAC VII. The fund plans to invest in 15 to 20 early-stage European companies. European venture capital firm Redalpine has
![](https://funderlyst.com/wp-content/uploads/2023/09/VC-in-the-Age-of-AI-and-Robotics-e1703950385505-480x342.jpg)
Nikon’s $515M ‘NFocus’ Venture Fund Boosts Startup Investments
TLDR: Nikon launches $51.5M NFocus Fund with Geodesic Capital to invest in startup innovation Nikon aims to become a key technology solutions company by 2030 and will focus on societal needs through
![](https://funderlyst.com/wp-content/uploads/2023/09/Backing-Minority-Entrepreneurs.jpg)
Parry Labs Secures $80M Amid Booming Defense Tech Industry
TLDR: Parry Labs, a defense tech startup, raised $80M in its first institutional investment round. The company focuses on creating digital systems for the defense industry, including mission-critical software and advanced AI.