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Battelle Ventures Expands Fund with $70-million Infusion from Sole Limited Partner Battelle Memorial Institute.

Business Wire

| June 25, 2007 | COPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

PRINCETON, N.J. -- Battelle Ventures, LP, has expanded by $70 million, bringing to $220 million the total under management by the fund, which is now nearing the end of its fourth year in operation.

"The expansion dollars from sole limited partner Battelle Memorial Institute [Battelle] enable us to lead, co-lead or participate in more deals - over a longer period of time," said Battelle Ventures General Partner Mort Collins, who introduced the fund in 2003. "When the fund was established we had projected 20 to 25 investments during the life of the fund; we now expect to invest in at least 30."

Collins, a pioneer venture capitalist who emerged from retirement…

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