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Battelle Pumps $70M Into Fund R&D giant refills coffers of venture affiliate.
June 28, 2007 /
Sprawling research giant Battelle, which manages five national laboratories, is pumping $70 million in fresh funding into its 4-year-old venture arm, in a move that could spell more financing for laboratory spin-offs.
The infusion by Battelle, announced Monday, brings the total under management by Battelle Ventures to $255 million, including $35 million from Knoxville, Tennessee-based Innovation Valley Partners, an affiliate fund with the same managers.
By Ken Schachter
Full Story: http://www.redherring.com/Article.aspx?a=22716&hed=Battelle+Pumps+%2470M+Into+Fund
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