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VC Deals Analysis: Liquid Biopsy Summons Yet Another Top A-Lister

 
• By Tina Tan

While August may have broken the short summer bull run, last month's batch of venture fundraisings did have one redeeming feature – it recorded the biggest Series A round this year to date, a $50m deal by liquid biopsy company Karius.

Money Energy of success

Venture financing activity levels did heat up in tandem with the summer temperatures, as May, June and July each surpassed the previous year's performance. However, August saw deal volume and value take a sharp drop with only 21 fundraisings and around $257m raised in total.

While August was only able to muster two thirds of the deal volume seen in July, this was on par with the level seen in August last year. (See Figure 1)

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