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VC Investment Surges In Q2 As Financial Market Recovery Momentum Builds

Anecdotal Evidence Of Improvement Backed By Data

 
• By Mandy Jackson

Even after removing Xaira’s unusual $1bn seed financing, Evaluate’s data show that biopharma venture capital fundraising increased from the first to the second quarter and from Q2 of last year.

venture capital funding. green papaka, text on page wooden background.
VC funding rose across categories in the second quarter • Source: Shutterstock

Venture capital investment in the biopharmaceutical industry is on an undeniable upswing, with two quarters in a row of fundraising in 2024 that outpace the activity seen in 2023, according to data from Evaluate Pharma. In Q2, 143 companies raised $8.08bn, up from Q1 when 132 raised $6.53bn.

The first quarter of 2024 also represented a big boost, with the highest dollar amount of biopharma venture capital raised...

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