Investor AB Spins Off Venture Capital Firm

Law360, New York (September 28, 2011, 5:48 PM EDT) -- Swedish investment company Investor AB on Wednesday announced the launch of former subsidiary Investor Growth Capital as an independent venture capital firm with more than 100 portfolio companies and ample cash to boot.

The venture capital spin-off received $300 million in fresh capital from Investor AB, now its sole limited partner, as well as a portfolio valued in excess of $1.3 billion for IGC’s sixth fund and the promise of future contributions, according to a statement.

Borje Ekholm, CEO of Investor AB, said that IGC had...
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