Hatteras Venture Partners Closes Third Fund and Announces New Partners
Research Triangle Park, NC-based Hatteras Venture Partners recently announced the first closing of its third venture capital fund, Hatteras Venture Partners III, LP (HVP III). The Fund has secured commitments for $60 million to invest in seed and early-stage companies in biopharmaceuticals, medical devices, diagnostics and related opportunities in human medicine. The ultimate fund size is expected to be $100 million. HVP III may invest in opportunities throughout the country but will focus on forming and leading companies in the southeastern United States, where the level of National Institutes of Health-funded research is high but the availability of early-stage venture capital is limited.
For its third fund, Hatteras has recruited Robert Ingram, former CEO of GlaxoWellcome and vice chairman pharmaceuticals for GlaxoSmithKline, and Douglas Reed, M.D., a 13-year venture capital veteran, to join Hatteras as general partners and members of the Fund’s Investment Committee.
