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Red Tree Reveals First West Coast VC Fund As It Readies For Second

San Francisco Firm Saw Unmet Funding Need

 
• By Mandy Jackson

Red Tree Venture Capital closed its first fund with $272m for biotech companies emerging from academic and research institutions, seeking to fill a need for early-stage funding on the West Coast. 

VC Venture Capital, acronym text concept on blackboard
Red Tree focuses on West Coast start-ups emerging from academia • Source: Shutterstock

Red Tree Venture Capital hopes to provide early-stage VC funding to life science start-ups emerging from academic and research institutions on the West Coast – funding that, the firm believes, has been lacking relative to funding for innovation coming out of East Coast institutions.

Demand for Red Tree’s capital so far has shown that there is a need for the kind of early-stage funding...

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