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Finance Watch: Bain Capital Raises $3bn For Fourth Life Sciences Fund

Candid, Superluminal, PanTera, F2G Raise Mega-Rounds

 
• By Mandy Jackson

Private Company Edition: Bain will invest across private and public drug, device, diagnostic and tool companies. Also, Candid debuted with $370m in initial funding, Superluminal closed a $120m series A round, PanTera raised €93m ($102.4m) in series A cash and F2G brought in $100m.

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• Source: Shutterstock

Bain Capital Life Sciences (BCLS) raised its largest investment fund yet, nearly doubling the amount of money it has at its disposal to back both private and public drug developers, medical device and diagnostics makers, and life science tools companies.

BCLS announced on 10 September that it closed its fourth fund, which totals $3bn, bringing its capital raised since 2016 to $6.7bn. The new fund includes $2

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