With plans to target healthcare, venture capital firm Northrim Horizon closed on $153 million in financing in its second fund.
Fund II was originally projected to raise $120 million. The fund has already made its first investment in a company providing care at home, according to an April 10 Northrim Horizon news release.
Northrim targets mature and cash-generative businesses with earnings before interest, taxes, depreciation and amortization between $1 million and $5 million.