New Ventures Funds Rebrands as Scientia Ventures
NEW YORK, Oct. 2, 2020 /PRNewswire/ — New Ventures Funds has launched a new corporate brand identity and changed its name to Scientia Ventures. The new website for the firm can be found at: www.scientiavc.com. This reflects the broadening of the firm’s strategic direction since launching its 3rd fund in 2017 to reflect its focus on transformational science and technology in healthcare. The announcement follows two recent successful IPO’s of portfolio companies: ADC Therapeutics (NYSE: ADCT) and Royalty Pharma (NASDAQ: RPRX); and successful Phase 3 clinical trials for two of its portfolio companies: FibroGen (NASDAQ: FGEN) and Intra-Cellular Therapies (NASDAQ: ITCI).
Harry Glorikian, Partner, who leads the firm’s work in digital systems explained: “We track and invest in the evolution of life sciences and healthcare systems. We are empowered by a combination of advances in the areas of information technology and biological data as applied to diagnostics and therapeutics. This is where we see the biggest impact for our investors and for the medical field. The name Scientia Ventures highlights our investment at what we believe is a major inflection point in these areas: the opportunity for industrialization of the technology and building successful companies.” Harry Glorikian added: “If the difference between evolution and revolution is the speed of change, then healthcare now is in the mode of revolutionary change. This is creating unique opportunities in healthcare and the life sciences.”
“We are encouraged by the tremendous mindset shift that is going on as Big Pharma, biotech and healthcare startups all look at themselves not as biotech or healthcare but as data science companies. It is an exciting time for venture capital to make a difference,” said Rory Riggs, a Founding Partner.