New Leaf Venture Partners

Exclusive: New job for venture capitalist Akkaraju

February 28, 2013: 1:26 PM ET

akkarajuWest Coast healthcare investor finds a new home.

FORTUNE -- Healthcare-focused venture capitalist Srini Akkaraju is switching firms, Fortune has learned.

Akkaraju joined the Menlo Park, Calif. office of New Leaf Venture Partners in January 2009, where he has worked on biopharmaceutical deals like Synageva BioPharma (GEVA) and Intercept Pharmaceuticals (ICPT). Sources say that he recently accepted a position with Sofinnova Ventures, although not all of his transition details have been finalized with New Leaf (where he remains on the company's website).

A Sofinnova Ventures spokeswoman declined to comment, while Akkaraju did not respond to an email sent to his New Leaf account.

Before joining New Leaf, Akkaraju had been a co-founding partner of Panorama Capital -- a venture capital firm formed when J.P. Morgan (JPM) chose to spin out JPMorgan Partners into a pair of independent firms (Panorama focuses on VC, while the buyout team became CCMP Capital). Akkaraju also had been with JPMorgan Partners, and also was a business and corporate development executive with Genentech Inc.

Sign up for Dan's daily email newsletter on deals and deal-makers:

  • Venture Capital Deals

    Fisker Automotive, an Irvine, Calif.-based electric vehicle maker, has raised $100 million in new VC funding, according to a regulatory filing. The company previously raised around $540 million, plus a $528 million low-cost loan from the Department of Energy. Shareholders include New Enterprise Associates and return backer Kleiner Perkins Caufield & Byers.

    ThredUp, a San Francisco-based online kids clothing exchange, has raised $7 million in Series B funding. Redpoint Ventures MORE

    - May 8, 2011 1:00 PM ET
Current Issue
  • Give the gift of Fortune
  • Get the Fortune app
  • Subscribe
Powered by VIP.