Finance Watch: 5AM, Longevity Close Funds, New Incubators Launch To Support Early-Stage Companies

News of 5AM's two latest venture funds follows the launch of Longevity Vision Fund as well as LA BioMed's and RUNLABS’ announcements that they will open new incubators in 2019. Also, Passage Bio launches with $115.5m, but the largest recent VC deal was HaiHe's $146.6m financing.

Both start-ups and established companies will benefit from 5AM Venture Management LLC's two new funds totaling $497m, increasing the San Francisco-based venture capital firm's capital raised to date to $1.5bn, all of which is earmarked for life science investments.

5AM's Feb. 13 announcement follows the Feb. 4 unveiling of the $100m Longevity Vision Fund, which was set up by...