News: Novitas Capital

PA Early Stage Contact:

Rob McCord, Managing Director

610-254-4150

 

Media Contact:

Ron Ticho

610-360-0205

 

PA Early Stage III Announces Final Close at $86 million Close of Third Fund Brings Total Under Management to $237.5 Million

WAYNE, PA – November 5, 2004 – PA Early Stage Partners, a family of venture funds that makes investments in early stage technology and life sciences companies, announced today a final close on its third fund, PA Early Stage III, at $86 million. With three funds, totaling $237.5 million under management, PA Early Stage will continue to lead and co-lead investments in start-up and early stage technology and life sciences companies primarily based in the Mid-Atlantic region, with a focus on investments based in Pennsylvania.