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.

Venture capital investment in US biopharmaceutical companies fell $2.1bn from $9.89bn in 2015 to $7.79bn in 2016, but it was still the second highest amount of VC cash invested in US drug development firms since 2006, according to the Pitchbook-NVCA Venture Monitor.

The quarterly venture capital report is produced for the National Venture Capital Association (NVCA) by Pitchbook, which tracks VC and...

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