5AM Ventures hires CFO

The venture capital firm added Steve Bonellli as its finance chief.

Menlo Park, California-based 5AM Ventures added Steve Bonelli as chief financial officer. Bonelli joins from Three Arch Partners, where he served as CFO from 2005 to 2014.

“We are pleased to add Steve to our professional team.” said managing partner at 5AM Andrew Schwab in a statement. “His experience as CFO of a leading life science venture capital firm and CFO of multiple life science companies will add significant value to both the investment and operational sides of our business.”

Prior to Three Arch, Bonelli served as CFO of U-Systems, a breast ultrasound company subsequently sold to GE Healthcare; Align Technology, a dental technology company which he took public in 2001; and General Surgical Innovations a medical technology company, which went public in 1996 and was sold to Tyco International in 1999. He also previously held a management position with Ernst & Young.

Along with the addition of Bonelli as CFO, 5AM also added Brian Daniels as a venture partner. Daniels has experience in clinical development, medical affairs and corporate strategy.

5AM Ventures is a venture capital firm focused on building next-generation life science companies. The firm’s portfolio is diversified within the healthcare industry’s biopharmaceutical, medical technology and research instrument sectors.