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VC Roundup: Moderna Seeks Another Record-Breaking Raise; Arcus Emerges From Stealth Mode

 
• By Mandy Jackson

Having raised a precedent-setting $450m venture capital round in January 2015, Moderna is well on its way to a planned $600m additional fundraising. The privately held company is keeping quiet about what it's doing with all that cash. Tioma, Nutrina and Avelas are among other firms receiving VC financing.

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Not every private biopharmaceutical firm can be Moderna Therapeutics LLC, bringing in hundreds of millions of venture capital dollars in a single fundraising attempt, but startups in the hot immuno-oncology field – like Tioma Therapeutics Inc. and Arcus Biosciences Inc. – continue to raise large Series A and follow-on VC rounds.

Moderna already has accumulated enough money to match the record-breaking $450m venture capital round that it closed in January 2015, but the company isn't done raising its next boatload of cash, according to a US Securities and Exchange Commission (SEC) filing that shows Moderna is seeking $600m to fund its ever-growing pipeline of messenger RNA (mRNA) therapeutics

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