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VC firm ready to close on $120M fund.(venture capital)(Brief Article)
Money-hungry bioscience and information technology companies in the region are about to get another potential source of funding.
Toucan Capital in Bethesda is set to close a $120 million venture fund targeting early-stage companies.
"Our hope is that by the end of July or early August, there will be a closing, and hopefully at the same time, Toucan will announce an investment in a Maryland company," says Phillip Singerman, executive director of the Maryland Technology Development Corp. (Tedco), an entity created by Maryland's Department of Business and Economic Development to promote tech growth in the state. "They have a specific opportunity in mind." …
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