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Medicxi, a healthcare-focused venture capital firm spun out of Index Ventures, has closed its fifth fund with €500m in commitments. The fund will focus on early-stage investments in biotech, medtech, and healthcare services companies in Europe and the US. Medicxi has a track record of successful exits and has invested in companies such as Moderna and Guardant Health. The firm's new fund will allow it to continue supporting innovative healthcare startups and scale its portfolio companies.

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