“Mission Bay Capital has raised a $25 million seed stage biotech fund, the San Francisco-based group said Monday. It will continue to help Bay Area startups, often germinated at one of three local University of California campuses, get off the ground.
The new fund is small by typical life science venture standards, but it’s more than double the size of Mission Bay’s first fund of $11 million. With that fund, the group showed it could help turn biomedical technology coming from the University of California in San Francisco, Berkeley, and Santa Cruz into viable startups.”
More coverage: Small but mighty VC doubles up with new biotech seed fund (SF Business Times)