Christine Aylward launches new firm called Magnetic Ventures
Christine Aylward is raising up to $100 million for a new fund called Magnetic Ventures, which will invest in early-stage medical technology companies, Axios has learned.
Why it matters: She becomes the latest addition to a small but growing list of female venture capitalists who have left established firms to raise their own funds.
- Word is that Aylward is nearing a first close, and that Magnetic's advisors include Bob Nelson (Arch Venture Partners).
- She also has become an advisor to TPG Growth and the TPG Rise Fund.
Bio: Aylward in early 2017 stepped down as a managing director with Foresite Capital, which she had joined in 2011. Before that she co-founded a digital media company called MakingOf with actress Natalie Portman and spent time in finance and product marketing with several large pharma companies.
She declined comment, citing SEC marketing restrictions.