During the third quarter of 2015, start-up companies raised a total of $2.57 billion, $39 million less than last quarter. Biopharma companies pulled in an impressive $2.38 billion, 53% resulting from Series A ($598 million) and B ($655 million) rounds. All four medical device financings were Series A rounds (a total of $52 million), and five in vitro diagnostics companies combined for $140 million. (See Exhibit 1.)
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