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Finance Watch: Aiolos Launches With $245m Series A; OrbiMed’s New Funds Total $4.3bn

Big Rounds Dominate As Quarterly VC Totals Creep Higher

 
• By Mandy Jackson and Elizabeth Cairns

Private Company Edition: Quarter-over-quarter increases in venture capital have been bolstered by fewer but larger rounds, like the recent $245m series A for Aiolos. Also, OrbiMed raised $4.3bn across three new VC funds, Rampart completed an $85m series A and Atom Bioscience raised an $83m series D. 

Finance Watch Private Company
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Venture capital mega-rounds of $100m or more – like the $245m series A round that Aiolos Bio Inc. announced on 24 October – have played a big part in surging quarterly and annual totals of biopharmaceutical company VC financings, even in 2023 when fundraising is down from 2022 despite quarter-over-quarter increases year-to-date.

Biopharmaceutical companies raised $5.8bn in venture capital during the third quarter of 2023, up from $5.6bn in Q2 and $4.9bn in Q1, according to Q3 data from Pitchbook and the National Venture Capital Association (NVCA)

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