VC Roundup: 2016 US Investment Ends On A Down Note, But Biopharma Has Second-Best Year

Venture capital investment fell $2.1bn to $7.79bn in 2016, but it was still the second-best year of VC funding for biopharma firms since 2006. Also, Venrock and Correlation closed new health care and technology funds and 10 companies raised $126.8m.