*NEWS: Kairos Venture Partners Raising New $250M Fund
This article was originally published on SoCalTech, with whom OCSN has a partnership:
Beverly Hills-based Kairos Venture Partners, which is led by General Manager James Demetriades, is looking to raise $250M in its third fund, Kairos Venture Partners III, L.P., according to a regulatory filing by the firm. According to the filing, the fund has yet to make its first sale in the new fund. Kairos specifically invests in scientific research and technology developed at universities.
Mario Leone, the director of Chapman University’s incubator, known as Launch Labs, told OCSN that Kairos is also the investment group behind Transient Plasma Systems, with HQ in Torance, and that Demetriades is chairman of this company’s board.
Transient designs and manufactures nano-second pulsed power systems for application in industry and academia. Plasma is used for a variety of “critical” applications, including treatment of surfaces, filtration, cleaning and coatings, according to the company’s website. However, its use has been limited by high-energy demand and the need for vacuum chambers and specialized approaches, according to the website.