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Finance Watch: Two New VC Funds Bring $365m For Start-Ups

CinRx Grows Funds Raised To $176m

 
• By Mandy Jackson

Private Company Edition: Amplitude Ventures raised $192m for its second fund, while XGEN Venture debuted with €160m ($173.4m). Also, hub-and-spoke biopharma operator CinRx added $73m, Adcendo extended its series A round to €98m ($106.2m) and Grey Wolf raised $50m.

Finance Watch Private Company
• Source: Shutterstock

Two new venture capital funds based outside of the US together offer $365m for life science start-ups, including Amplitude Ventures’ second fund and XGEN Venture’s inaugural fund. Montreal-based Amplitude’s Fund II totals CA$263m ($192m), while XGEN in Milan raised €160m ($173.4m) for XGEN Venture Life Science Fund.

Amplitude is focused on creating precision medicine companies in North America with artificial intelligence-enabled platforms and has funded four companies to date out of the 14-16 start-ups it plans to...

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