Time BioVentures Launches Biotech Fund
Summary
Time BioVentures, a Los Angeles, CA-based early-stage life sciences venture firm, closed its first Fund, with $100m AUM. Its initial investments include Neuralink, Elon Musk’s brain-computer interface startup, and Kling Biotherapeutics, an Amsterdam-based drug development company. Beyond pharma, Wright has served on the boards of numerous private and public biotechs and as an advisor to the Bill & Melinda Gates Foundation. Wallach, a musician discovered by Pharrell Williams, has been investing for over a decade in startups ranging from Spotify to SpaceX, with a specific focus on healthcare innovators including Beam Therapeutics and Devoted Health. Time BioVentures advisors include Sean Parker, Nobel Prize winner Jim Allison, oncology pioneer Dr. Padmanee Sharma, and former Illumina Chairman and CEO Jay Flatley.