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 private equity investments as well as mergers and acquisitions. NVCA...

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