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ISSUE – Jun. 17| Arboretum breaks own state record with new $250 million venture-capital fund

Arboretum Ventures LLC plans to announce Monday that it has finished raising a fund of $250 million, the largest venture-capital fund in state history, eclipsing the $220 million that it raised in 2015.

The fundraising was accomplished fairly quickly, thanks to many of its previous investors signing on again, looking to build on the company’s track record of successful exits. The Ann Arbor company, which focuses medical devices, diagnostics health care IT and health care service companies, didn’t file with the U.S. Securities and Exchange Commission until Jan. 30 that it was raising a new fund, Arboretum Ventures V LP. [ Crain’s ]

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