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VC firm Pappas Ventures adds partner

Venture capital firm Pappas Ventures named Alex Arfaei a partner.

Arfaei is expected to help the firm assess investment opportunities for its venture capital business. Previously, Arfaei was a managing director at BMO Capital Markets.

Durham, N.C.-based Pappas primarily invests in the life-sciences sector with a focus on biotechnology, biopharmaceuticals, drug delivery, medical devices and related ventures.