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Finance Watch: CG Oncology, MBX, Jnana Bring In VC Mega-Rounds

TauRx Grosses $119m From Warrant Exercise

 
• By Mandy Jackson

Private Company Edition: In the latest round of $100m-plus venture capital financings, CG Oncology, MBX Biosciences and Jnana Therapeutics raised $120m, $115m and $107m, respectively. Also, MVM Partners closed a $500m fund and former Sage CEO leads incubator ABio-X in Massachusetts.

Finance Watch Private Company
• Source: Shutterstock

CG Oncology, Inc. led the latest group of private biotechnology companies that completed $100m-plus venture capital mega-rounds, with a $120m series E financing announced on 15 November, followed closely behind by MBX Biosciences, Inc.’s $115m series B round revealed a day earlier.

Jnana Therapeutics Inc. also disclosed a new financing on 15 November – a $107m series C round – and...

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