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VC Roundup: Early-Stage Funding Slips Again In Third Quarter, Plus 15 New Financings

 
• By Mandy Jackson

Early-stage venture capital funding continues to decline, but corporate VC dollars and other sources of cash are emerging to fund startups. Also, biopharma companies raised $436.3m in 15 recent financings.

The fact that the largest US venture capital financing in the third quarter across all industries was a biopharmaceutical company – Moderna Therapeutics LLC with a $474m round – is emblematic of the ongoing shift away from VC investments at the earliest stages of drug development.

There are not as many venture firms as there used to be that are willing to invest in small Series A rounds for startups led by new entrepreneurs or academics....

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