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Abingworth Closes 12th Life Sciences Fund ABV VII At $315M

 
• By Mike Ward

European biotechs are likely to be the big winner as transatlantic VC Abingworth closes its latest fund, Abingworth Ventures VII (ABV VII), at $315m, exceeding its $300m target.

With a number of high-profile exits under its belt, Abingworth has been able to expand its own investor base and raise $315m for ABV VII. The new vehicle is the VC’s 12th fund and means that Abingworth now has more than $1.2bn under management. And while the transatlantic VC will still focus on all stages of US and European life science companies, subtle shifts in focus are expected for ABV VII.

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