Boston-based J2 Ventures has secured $52.4 million for its new venture capital fund that seeks to invest in technology and health care startups with products that could be of use to customers in government, military and civilian sectors, The Wall Street Journal reported Wednesday.
Jonathan Bronson, managing partner at J2 and former member of Boston Consulting Group’s health care practice, said the venture capital firm expects to invest in 12 to 15 companies through its J2 Ventures Fund 2 LP.
Alexander Harstrick, a J2 managing partner and a U.S. Army veteran, said his firm started raising $50 million in June for the new fund and attracted capital from institutional investors, family offices and individuals before closing the fund Monday.
Established in 2020, J2 Ventures raised individual pools of capital to help tech and health care startups secure contracts and funding from military services and government agencies.
The firm has invested in several startups, including LightSource Labs, a San Francisco-based vendor of software for procurement personnel; Plato Systems, a San Carlos, California-based provider of software-as-a-service products for asset intelligence and supply chain operations; and Tasso, a Seattle-based developer of blood collection devices for use in remote patient monitoring, clinical research and other areas.