Venture capital fundraising by biopharmaceutical firms in the second quarter was a mixed bag, according to Venture Monitor data from Pitchbook and the National Venture Capital Association (NVCA), which reported a sharp drop from Q1 to Q2 in terms of both the amount of money raised and the number of companies that closed VC rounds, but a big gain in the average deal size.
Finance Watch: VC Fundraising Dips In Q2, But Mega-Deal Pace Is Strong
First Half Of 2022 Venture Cash Equals 2019 Full-Year Total
Private Company Edition: The amount of venture capital raised by biopharma firms fell but individual companies grabbed a lot of cash, making for a remarkable Q2 relative to pre-pandemic times. Recent Q3 rounds includes Frontera’s $160m series B. Also, Oxford Science Enterprises added €250m to its fund.
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