Finance Watch: 2021 Biopharma VC Funding Tops Full-Year 2020 Total

Incubator Launches For AI-Enabled Therapeutics Firms

Private Company Edition: The industry raised $28bn in venture capital through the third quarter, breaking the record $27.4bn raised last year. Also, big pharmas backed a start-up lab in Israel, plus mega-rounds for CinCor Pharma ($143m) and Rectify Pharmaceuticals ($100m), while Cerecin raises $40m.

Finance Watch Private Company

The biopharmaceutical industry set a new record in venture capital financing raised in a single year, with one quarter left to go in 2021. Drug developers raised $28bn in VC funding through the third quarter versus $27.4bn for all four quarters of 2020, according to the Pitchbook-NVCA Venture Monitor, from Pitchbook and the National Venture Capital Association.

Even with the amount of venture capital raised declining from quarter to quarter from $11.8bn in Q1 to $9.3bn in...

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