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Finance Watch: Canaan, Regeneron Reveal New Funds For Start-Ups

VC Firm Recruits Pfizer Exec Uwe Schoenbeck

 
• By Mandy Jackson

Private Company Edition: Regeneron launched a $500m venture fund and Canaan added $100m, bringing the venture firm’s recent total to $1bn-plus. Also, incubators plan to grow over the next decade and in recent financings Avenzo raised $150m and Nvelop launched with $100m.

Finance Watch Private Company
• Source: Shutterstock

Venture capital investment in biopharmaceutical companies ticked higher in the first quarter of 2024. In the second quarter, money is flowing into VC investors and funds focused specifically on the life sciences, including Regeneron Pharmaceuticals, Inc.’s first fund and an additional $100m that VC firm Canaan raised and spread across biopharma funds it raised in 2023, bringing their combined total to more than $1bn.

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