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.

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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