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Finance Watch: Omega, Perceptive/Xontogeny Raise $648m For Life Science Investments

 
• By Mandy Jackson

Private Company Edition: Omega raised $438m for its sixth life science fund, while Perceptive and the accelerator Xontogeny partnered on a new $210m venture capital fund. In VC deals, Zentalis and Black Diamond raised $85m each.

Finance Watch

With big pharma companies on the hunt for new drug candidates to fill their research and development pipelines, demand for innovative ideas from external partners is only increasing, which is why Omega Funds continues to attract the attention of investors for its life science investment funds. The firm announced on 11 December that it closed its sixth fund – Omega Fund VI LP – with $438m to back new and growing drug developers.

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• By Mandy Jackson

Private Company Edition: After Q1 venture capital investment slumped relative to 2024 totals due to declines in both smaller financings and mega-rounds, Q2 started off with six $100m-plus financings in the first half of April after there were only three in February and six in all off March.

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• By Mandy Jackson

Evaluate data show that biopharma companies raising cash in the smallest and largest categories of venture capital financings struggled to meet bars set in prior quarters.

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• By Jessica Merrill

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• By Joseph Haas

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