HLM Venture Partners Closes $65M Round for Third Fund

Boston-based HLM Venture Partners has closed a $65 million first fundraising round for its third fund, Dow Jones VentureWire reported today. The firm, which focuses on investments in medical-device firms and healthcare information technology and services, hopes to raise a total of $200 million for its HLM Venture Partners III LP fund. The first round, closed late last year, came from some of the firm’s existing limited partners, HLM partner Edward Cahill told VentureWire.

Author: Erin Kutz

Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.