Finance Watch: VC Mega-Rounds Fund Wide Array, From Respiratory To Rare Diseases

Forbion Closed Its Fifth Fund, Bringing In €460m ($556.1m)

Private Company Edition: China-focused Nuance Pharma led recent venture capital deals with a $181m series D round, RayzeBio closed a $105m series B and SciNeuro launched with $100m plus other notable rounds from Edgewise, Reneo, BioAge and others.

Finance Watch

The venture capital spending spree in 2020 has led to many notably large biopharmaceutical company funding rounds, making $100m-plus mega-rounds less surprising than they used to be. The latest entrants to the mega-round club include China-focused specialty drug developer Nuance Pharma and San Diego-based radiopharmaceutical specialist RayzeBio, Inc.

Cancer and immuno-oncology continue to generate a lot of investor interest, but recent mega-rounds have backed a diverse array of...

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