Investor AB business subsidiary Investor Growth Capital (IGC) has become an independent venture capital firm. The new company has a portfolio of more than 100 companies globally and offices in New York, Menlo Park, Beijing and Stockholm. Investor AB, which invested an additional $300 million of fresh capital and a portfolio with a present market value in excess of $1.3 billion in IGC’s sixth fund, is its only limited partner. IGC will remain focused on new investments in expansion-stage technology and healthcare firms in the U.S. and Greater China.
Click here for the release from Business Wire