Section 32 Targets $350 Million For Third Fund

A VC firm started by Google Ventures founder Bill Maris and former Foundation Medicine Chairman Michael Pellini, M.D., is raising for its third fund. Section 32, which invests in technology and life sciences companies, plans to raise up to $350 million, according to SEC documents filed on April 14. For its first two funds, the firm raised $160 million and $199 million.

Mr. Maris founded the San Diego-based venture capital firm in 2017, after spending eight years building Google’s corporate venture arm, GV. Months later, Dr. Pellini joined him as a partner with the firm, after serving . . .