Two new venture capital funds were announced a day apart during the last week of June, each with $200m to fund early-stage biotechnology companies, though only one is exclusively focused on drug developers.
Finance Watch: Vertex Ventures, Chugai Each Raise New $200m VC Funds
Vesalius Raises €95m For Fourth Fund
Private Company Edition: Vertex Ventures (not Vertex Pharmaceuticals) closed its third fund, with $200m for life science and medical technologies, while Chugai’s $200m corporate VC fund will invest in drug discovery start-ups. Also, K36 closed a $70m series B round and Attovia launched with $60m.
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Private Company Edition: The latest group of drug developers to announce venture capital financings is remarkable for its geographic diversity, from Character Biosciences’ $93m series B round in the US to Augustine’s $85m series B in Belgium to a $29.2m series C for Aculys in Japan.
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