The Pittsburgh Life Sciences Greenhouse Holds First Close of Life Sciences Fund at $5M

The Pittsburgh Life Sciences Greenhouse (PLSG), an organization providing capital investments and company formation and business growth programs to life sciences enterprises across western Pennsylvania, has held the first close of the PLSG Accelerator Fund, LLC, at $5m.
The Accelerator Fund will make venture investments in life sciences companies from several sectors including medical devices, diagnostics, therapeutics, healthcare information technology and biotechnology tools.
The vehicle will focus on companies that have already received PLSG’s investment due diligence and mentoring services from the Executive Program.
The fund plans to raise a total of $10m, which will be committed during an investment period of up to five years.

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