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Article: Spring Mill Fund Receives Venture-Capital Infusion in Bloomington, Ind.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- May 12, 2004
CopyrightCOPYRIGHT 2004 Knight-Ridder/Tribune Business News. 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)
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By Brian Werth, Herald-Times, Bloomington, Ind. Knight Ridder/Tribune Business News
May 12--The Spring Mill Venture Fund, which got its start in Bloomington and has offices in Bloomington and Indianapolis, has received a cash infusion from the Indiana Future Fund I, a $73 million "fund of funds" designed to attract more venture capital to Indiana life sciences opportunities.
The announcement came Thursday in Indianapolis during a funding conference conducted by Bio Crossroads, the Central Indiana Life Sciences Network.
Although no funding total was released, it is believed that the Spring Mill Venture Fund will receive about $9.5 million ...