Panorama Capital is a headquartered in Campbell, . The firm was founded in 2005 as a spinoff of the Ventures Management group. The firm targets investments in technology and life science industries. It generally invests between $5 to 20 million in companies in the pharmaceutical, semiconductors, telecommunications infrastructure, and digital content sectors. The firm has separate internal management teams for both its life science investments and technology investments. Panorama closed its first fund in April 2008 valued at $240 million.