Third Rock Ventures Raises $516M to Spur Healthcare Innovations
March 26, 2013
Healthcare investor Third Rock Ventures has closed its Third Rock Ventures III fund after raising $516 million. The firm will continue to execute on its strategy of launching, building and supporting transformative healthcare companies. Third Rock has raised more than $1.3 billion since inception for investments in healthcare companies, with a particular emphasis on innovative product engines. Companies in the firm’s portfolio include Alcresta and Allena Pharmaceuticals.