venBio Raises $394m To Fund Biopharmas Through Human Proof-Of-Concept

 
• By Mandy Jackson

Managing partner Corey Goodman said venBio didn’t have trouble closing its fund, because the venture capital firm prepared its investors for an economic downturn months ago.

Venture Capital Concept on the Mechanism of Metal Gears.
venBio raised $394m for its third fund; its prior fund totaled $340m • Source: Shutterstock

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