Gilde Healthcare III secures Philips commitment
The recently launched Gilde Healthcare III fund has attracted Royal Philips Electronics as a cornerstone investor.
The venture fund has a €200m target and is expected to hold a first close towards the end of the year.
Philips' commitment is part of the company's strategy to drive innovation in healthcare. Consequently, Gilde Healthcare III will focus on early- and growth-stage healthcare technology companies in Europe and the US that are active in developing and commercialising new patient-centric healthcare solutions, medical technologies and therapeutics, with particular emphasis on cardiology, oncology and women's health.
The predecessor fund, Gilde Healthcare II, launched in February 2006 and held a final close in October 2007 on its €150m hard-cap.
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