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Finance Watch: Venture Cash Flows For European Companies

 
• By Mandy Jackson

Private Company Edition: A new VC fund emerges for European biopharma firms and a previously announced fund gains a new UK investor. Also, Encoded Therapeutics leads recent venture financings with a $104m series C round.

Finance Watch

Venture capital firms investing in European life science companies have been on a roll in 2019, raising multiple new funds with cash for biopharmaceutical companies in the region.

Drug developers in Europe gained at least two new sources of venture capital during the past two weeks. First, Vesalius Biocapital said on 25 June that it closed its third fund with €120m ($135.6m) in equity commitments. (Also see "Vesalius’s “Proven Investment Strategy” Reflected In Largest Fund Close To Date " - Scrip, 25 June, 2019

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