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Venture Capital Firm Aimed at Biotech Startups Raises $350M in Inaugural Fund

Cure Ventures, a Boston-based life sciences venture capital firm focusing on company formation around groundbreaking curative technologies, said Tuesday it had closed its inaugural fund, Cure Ventures Fund I, L.P., at its targeted hard-cap of $350 million in capital commitments. The fund was supported by a strong syndicate of both U.S. and internationally-based investors.

Launched by VC veterans Richard Lim, David Fallace and Lou Tartaglia, Cure Ventures is focused on early-stage investments in life science and biotechnology, primarily focused in new therapeutics. Embedded Cure operators will work alongside portfolio company founders to drive day-to-day decision making.

“Biopharma venture capital is an enterprise in risk management that demands rigor, diligence and patience,” said Lim. “We are committed to working closely with founders to collaborate and operationalize capital, making us a true sweat equity partner.”

The successful close of Cure Ventures Fund I occurs in a local life sciences market buffeted by headwinds and therefore less active on the leasing front. Connect CRE reported earlier this year that Boston-area private companies have put growth needs on hold as funding has become harder to secure.

Pictured, from left: Cure Ventures founders Lou Tartaglia, Richard Lim and David Fallace.


Inside The Story

Cure Ventures

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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