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Finance Watch: Mega-Rounds Around The World As VCs Spread The Wealth

China-Based Vector Supplier Raised $40m Series B+

 
• By Mandy Jackson

Private Company Edition: After US-based Alumis and Sionna raised $259m and $182m, respectively, in series C rounds, Tubulis in Munich, Germany brought in €128m ($138.8m) in series B2 cash, while Rakuten – with offices in the US, Europe and Asia – closed a $119m series E round.

Finance Watch Private Company
• Source: Shutterstock

Recent biopharmaceutical venture capital financings reflect a worldly investment view, even at the $100m-plus mega-round level where the largest investments tend to be more frequent in the US. The six mega-rounds during the first half of March included a German antibody-drug conjugate (ADC) developer and a cell therapy firm with operations in the US, Europe and Asia.

South San Francisco-based Alumis, Inc. topped the list with a $259m series C round, followed by Sionna Therapeutics,...

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