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Finance Watch: Multiple VC Mega-Rounds Fund T-Cell, Hearing, IO, Fibrosis Therapies

 
• By Mandy Jackson

Private Company Edition: Immunocore’s $130m round kicked off a series of $100m-plus venture capital deals, including financings for Xilio, Akouos and Pliant. Also, VC investment in cell and gene therapies surged in 2019 and MPM launched two funds with $126 for early cancer research.

Finance Watch

The month of March began with multiple venture capital mega-rounds of $100m or more, led by Immunocore Ltd.’s $130m series B round at the start of the week, which included large rounds for [Akouos Inc.], Xilio Therapeutics (formerly Akrevia Therapeutics) and Pliant Therapeutics Inc.

The big financings were spread across a variety of disease areas and drug modalities. For instance, Oxford, UK-based Immunocore is...

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