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VC Fundraising Fell In Q4 But There Are Glimmers Of Hope For 2024

Quality Of Top Five Financings Bodes Well

 
• By Mandy Jackson

Evaluate’s fourth quarter data show that biopharma venture capital fundraising fell from $4.28bn in in Q3, but there was a rise in smaller deals and financial market conditions are poised for a turnaround.

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Q4 VC funding fell from Q3, but smaller deals rebounded • Source: Shutterstock

The slowdown in financings across the biopharmaceutical spectrum hit private and public companies alike in 2023 and the latest venture capital fundraising data from Evaluate indicate that last year did not end on a high note. However, the numbers mostly show the industry holding steady as it braces for a potential upswing in 2024 based on signs that financial market conditions may be easing.

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