Merus raises €31m as J&J third corporate VC to invest

Merus of the Netherlands has added to its series B round with a further €31m, bringing the total round to €47.6m. Johnson & Johnson Development Corporation (JJDC) joined as a new investor, and existing investors Novartis Venture Fund, Pfizer Venture Investments, Bay City Capital, LSP (Life Sciences Partners) and Aglaia Oncology Fund also participated.