7 days ago
- Business
- Wall Street Journal
Portal Innovations Raising $100 Million Life Sciences Venture Fund
Venture firm Portal Innovations is raising a $100 million life sciences fund and helping universities launch startup incubators, as institutions pursue alternatives to federal research funding.
Chicago-based Portal formed in 2020 to invest in geographies it viewed as rich in scientific talent but with limited access to venture-capital funding and specialized lab facilities. Working with real-estate developers, it established Portal labs in Chicago, Atlanta, Houston and a Boston neighborhood outside the city's life sciences cluster.
