This article considers one newer venture fund that is focused on the growing longevity industry. It is far from the only such recently created fund; one might consider SP8CEVC and Longevitytech.fund as other examples. There are more. Biotech startups attempting to address mechanisms of aging are launched at a faster rate these days, and an increasing amount of capital is coming into the space. These are still the early years for this industry, but the trend is apparent. The thesis that one can intervene in the aging process to productively slow or reverse aging is going to be solidly tested in practice in the years ahead.
Not long after Deep Longevity, Inc was acquired by Regent Pacific, funding details have been revealed. First early-stage investment fund LongeVC is using this latest exit to create its first early-stage investment fund, which will be focused on biotech and Longevity opportunities. Deep Longevity closed a Series A funding round at the end of June 2020. LongeVC was joined in the round by some of the most worldwide well-known venture capitalists specialising in biotechnology, Longevity and AI, including ETP Ventures, Human Longevity and Performance Impact Venture Fund (the corporate venture arm of Human Longevity, Inc.), BOLD Capital Partners, Longevity Vision Fund, Oculus co-founder Michael Antonov, as well as other AI and biotechnology investors.
LongeVC is an investment group, specialising in curating, facilitating and executing early-stage venture investments in the fields of biotech and Longevity. Its current investment portfolio includes Insilico Medicine, a global leader in AI-driven drug discovery and Longenesis, an end-to-end collaborative biotech research enabler, as well as other biotech industry-specific companies.
Addressing the Regent Pacific acquisition of Deep Longevity and his fund's exit, LongeVC Partner Sergey Jakimov told us: "Our team welcomes this acquisition and is proud to have participated in one of the testimonies to the enormous future potential that the longevity industry has to offer. It is a unique deal for the Baltic area, and we are determined to use our expertise to screen and invest in similar deals globally." Currently the new fund LongeVC is being set up, with the total amount of the money available from the fund estimated to be $35m. "We are targeting seed-stage and pre-A funding round companies as there are limited opportunities worldwide to get investments at these stages."