Finance Watch: Kallyope Leads Latest Group Of VC Mega-Rounds With $236m Raise

Series D Cash Will Fund Gut-Brain Axis Drug Trials

Private Company Edition: In other $100m-plus venture capital rounds, Third Harmonic Bio emerged with $155m, including a new $105m series B round. Also, Europe- and Japan-focused Newton Biocapital launched its second VC fund with €50m in initial capital and a €150m fundraising goal. 

Finance Watch Private Company
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Venture capital investors showed biopharmaceutical start-ups and growth-stage private companies some love with a trio of $100m-plus financings announced on 14 and 16 February, including a $236m series D round that Kallyope Inc. revealed on Valentine’s Day.

Mega-rounds continue unabated as VC firms continue to invest the billions of dollars in new funds they raised during the past few years, making cash seemingly plentiful for emerging biopharma ventures. (Also see "Finance Watch: A Dozen Deals Add Up To $672m In Biopharma Venture Capital" - Scrip, 12 February, 2022

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