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Finance Watch: Biotech Venture Capital Had Its Biggest Quarter Ever

Will 2021 Be Another Record-Breaking Year?

 
• By Mandy Jackson

Private Company Edition: VC mega-rounds boosted the Q1 2021 total. Also, new funds from Versant, The Column Group and Rapha Capital keep cash flowing into biopharma; up to $525m is invested in Exscientia; and Arch Oncology and Boundless Bio raised $105m each, while Forge brought in $120m.

Finance Watch

The flow of venture capital into biopharmaceutical companies has been astonishing – breaking the prior record by a wide margin in 2020 – and, so far, 2021 looks like it is on track to leave a big gap between last year’s and this year’s fundraising total.

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