A new venture capital firm that Sofinnova Ventures is sponsoring HealthQuest Capital, announced the closing of its initial fund at the hard cap of $110 million, beating its $50 million mark.
Kong said in an interview that he and his partners view the Southeast as the land of opportunity because the region has long been underfunded when it comes to attracting investments from venture capitalists.
HealthQuest has established offices in Atlanta and Gainesville, Fla., and considered opening one in the Triangle. But Kong ultimately decided that he would scout the region himself.
“My hope is that I will be able to … cover that area and find some great investments in North Carolina,” Kong said. “I’m a big believer in the local RTP area but certainly the Southeast as well.”
Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Sofinnova Ventures, HealthQuest Capital, Atlanta, Gainesville, Florida, North Carolina.