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Finance Watch: Four Biotech VC Funds Raise $1.7bn Combined

New Venture Mega-Rounds Include Nuvalent’s $135m Series B

 
• By Mandy Jackson

Private Company Edition: Perceptive/Xontogeny, Abingworth, Kizoo and Droia closed venture capital funds. New biopharma VC financings also include a $105m series C round for Elpiscience and $92m for newly launched Interline. 

Finance Watch

Four new sources of venture capital for biotechnology companies were announced during the first half of May with more than $1.7bn in fresh funding for start-ups and growing early-stage firms.

Abingworth revealed the largest of the new VC funds when it said on 10 May that it raised $582m for...

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