Monica Holec helps ArchiMed close a new 650M euros fund

From our Women's PE Briefs - week commencing August 9, 2021

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Jessica Lin’s Work-Bench closes its third fund at $100M

Work-Bench, which was co-founded by Jessica Lin, raises a new fund. The New York venture firm said it closed its third fund at $100 million. Jessica founded Work-Bench in 2013 with Jonathan Lehr.

Work-Bench seeks to lead $3 million to $6 million seed rounds involving enterprise technology start-ups. In a blog post, Jessica and Jonathan said that 70 percent of the firm’s fund two portfolio were New York City-based start-ups and that it expects a similar composition for the new fund. The firm’s more notable portfolio companies are Cockroach Labs, Socure and Dialpad.

Monica Holec helps ArchiMed close a new fund

ArchiMed, whose principal of investor relations is Monica Holec, closes a new fund that is twice as large as its predecessor. The health care-focused private equity firm raised 650 million euros for its small cap-focused third fund. Its second such fund raised 315 million euros in 2017.

ArchiMed said the new fund was raised in less two months and done so virtually. A quarter of the investors in the fund came from the United States with 50 percent spread through most of the EU countries. The remainder came from European countries outside the EU. ArchiMed will look to make 12 to 14 majority control investments in health care companies with annual revenues of between 10 million euros and 100 million euros.

The firm last year closed its mid cap-focused MED Platform 1 fund at 1 billion euros. Monica joined ArchiMed earlier this year after spending a decade as head of investor relations for Levine Leichtman Capital Partners. ArchiMed’s team includes partners Sandrine Laporte, who is its chief financial officer, and Cécile Pontier, who is head of human resources.

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