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Finance Watch: ARCH Raises $1.85bn Venture Fund To Back Early-Stage Companies

Design Therapeutics Raises $125m, TScan Brings In $100m

 
• By Mandy Jackson

Private Company Edition: The venture capital firm said it will back biopharma, diagnostics and other opportunities in health care. In addition to the Design and TScan mega-rounds, Verve raised $94m, Vera garnered $80m and Ixaka (formerly Rexgenero) closed a £40m ($54.7m) financing. 

Finance Watch

ARCH Venture Partners raised its largest venture capital fund yet, the $1.85bn ARCH Venture Fund XI, which it plans to invest in a range of biotechnology opportunities, including drug developers focused on infectious disease, mental health, immunology, oncology and neurology.

The VC firm, which closed two funds totaling $1.1bn in April, said on 28 January that it will also invest...

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