mission bay capital
For years entrepreneurs had been telling us about the Valley of Death: the gap in funding that a startup faces, especially in life sciences, between federal grants at the earliest stages and Series A venture investment. De-risking the technology is key. That's why, in 2009, Reg Kelly and Doug Crawford created Mission Bay Capital (MBC) and raised $11.3 million for MBC Fund I: to provide seed funding to help QB3 entrepreneurs de-risk their technologies.
Three successful exits later, Kelly and Crawford raised $25 million for MBC Fund II. MBC currently has an active portfolio of 20 companies, and has enjoyed four exits.
MBC is independently incorporated, but affiliated with QB3, and headquartered at our affiliated incubator QB3@953.