VIB-backed venture capital firm V-Bio Ventures has reached the final close of its second fund and hired Shelley Margetson as managing partner.

V-Bio Ventures, the Belgium-based venture capital firm aligned with research institute VIB, closed its second fund at €110m ($120m) today, exceeding its €100m target.

The firm did not identify any new limited partners. It had achieved a €96m second close by January this year, when limited partners included VIB, KU Leuven and Ghent University.

Limited partners in V-Bio Fund 2 also include vegetable raw materials trader Vanden Avenue…

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Thierry Heles

Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).