Frazier Life Sciences raises nearly $1B for new venture fund focused on earlier-stage companies

Frazier Life Sciences announced the closing of a $987 million funding for biopharmaceuticals, focusing on company creation and early-stage venture funding, along with 80% set aside for private companies.

The healthcare venture capital company is based in Seattle and Menlo Park, California and recently led a $91 million private placement funding round for Seattle’s Alpine Immune Sciences to support clinical trials. They also invested in cell therapy company Sonoma Biotherapeutics, which has laboratory space in Seattle.

“Between [Frazier’s VC funds] FLS XI and FLSPF, we have over $1.8 billion of active funds to support biopharmaceutical companies at all stages of growth, from company formation through public offerings,” said James Topper, managing partner at Frazier Life Sciences. 

(Photo: courtesy Frazier Life Sciences)

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