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Korean Bioventures Suffer Q2 Financing Drought

VC Investment Drops, Only One IPO

 
• By Jung Won Shin

Weak financing sentiment for Korean bioventures continues this year with sharply lower fund inflows from venture capital and other investors, as well as delayed or withdrawn IPOs, in Q2. Amyloid Solution, Rznomics, and UPPthera were among the top fundraisers.

drought
Will Korean IPOs Recover In The Second Half? • Source: Shutterstock

South Korean bioventures felt a sharp deterioration in investor sentiment in the financing market in the second quarter, with venture capital financing declining and only one initial public offering launched during the period.

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