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Finance Watch: New Private Funding Available Across The Spectrum For Biopharma Firms

Despite Public Market Turmoil, Venture And Other Cash Is Flowing

 
• By Mandy Jackson

Cash is available for start-up, growth-stage and public companies through Texas Medical Center’s newly doubled venture fund, a pandemic preparedness initiative and new VC funds. In recent financings, Nutcracker closed a $167m series C round and 2Seventy raised $170m in a private placement. 

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• Source: Shutterstock

Venture capital investors are doubling down, placing new bets on drug developers even as the public markets are taking money off the table in the biopharmaceutical sector. For instance, Texas Medical Center recently doubled its TMC Venture Fund to $50m and three venture capital firms revealed new funds totaling more than $1.6bn during the first two and a half weeks of March.

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