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Financings In Brief

This article was originally published in The Gray Sheet

Executive Summary

Medical Alley fund: Minnesota healthcare trade group plans to raise $25-50 mil. for early-stage venture capital fund Alley Ventures, with the average per-firm investment falling in the $500,000 to $1 mil. range. The fund, intended primarily for medical device and bioscience start-ups, as well as other life sciences firms, is designed to fill "a major hole, or vacuum, in the very early-stage funding availability for our emerging companies," Medical Alley CEO Don Gerhardt explains in a release announcing the launch. The trade group currently has over 300 members...
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