Venture Capital

Latest Headlines

Latest Headlines

Sequoia raises $530M to invest in Indian tech and health startups

Having backed biotech IT businesses like Comprehend Systems and SV Bio in the U.S., high-profile venture firm Sequoia Capital has turned its attention to India. And with a $530 million fund to fuel its ambitions, the California-based VC shop could kick-start the tech and healthcare startup ecosystem in India and across Southeast Asia.

ARMO pockets $30M for its immunotherapy ahead of the ASCO spotlight

Armed with ex-Merck immunotherapy and some promising preclinical data, startup ARMO BioSciences has pulled in $30 million in venture cash to study whether its candidate can help kill cancer cells by galvanizing an immune system response.

Lilly steps out of its comfort zone, backs an international biotech fund

Eli Lilly has taken the unusual step of investing in Epidarex Capital's new, $80 million life sciences fund, with an eye to backing the Scotland-based group's portfolio of academic spinouts. This was Lilly's first investment in a U.K. venture fund.

Rodin bags a $12.9M A round to think big about CNS therapies

About a year after launching with the help of Atlas Venture and Johnson & Johnson's Massachusetts biotech incubator, Cambridge's Rodin Therapeutics is setting out with $12.9 million in Series A cash and a plan to apply some cutting-edge science to common central nervous system disorders.

Third Rock builds a new West Coast biotech with an eye on cancer drugs

After seeding a fledgling scientific effort focused on the biologic implications of regulating proteins, Third Rock and The Column Group are throwing $25 million behind a startup biotech--Nurix--that hopes to blaze a new path in small molecule drug development.

Gene therapy upstart bags a $22M A round for neurodegenerative work

You can add another upstart to the swelling list of gene therapy biotechs hitting the industry radar around the world. Sofinnova stepped in to lead the $22 million A round for Paris-based Lysogene, which is already in the clinic with a new therapy for rare cases of Sanfilippo syndrome, with plans to branch out into other neurodegenerative conditions.

KKR steps in to back $55M C round for biosimilars developer Coherus

Just months after inking a $246 million development deal with Baxter for a biosimilar of Enbrel, Redwood City, CA-based Coherus has rounded up a whopping $55 million C round, including cash from KKR.

Paypal co-founder backs genomics data access startup

The rise of omics data in R&D has increased the overlap between biotech and Silicon Valley-style tech startups, with Flatiron Health's recent $130 million round making it a standout example. This week, SolveBio took its first steps on the path established by Flatiron by raising cash from the co-founder of Paypal other other leading tech investors.

Gelesis brings in $12M to advance its obesity pill

Boston startup Gelesis has picked up $12 million in venture funding, cash that'll support its novel approach to obesity treatment: a pill that disperses expanding particles in the gut to make patients feel full.

Gates, Wellcome bet $40M on Kymab's antibody tech

Cambridge, U.K.'s Kymab touts its drug development platform as an ideal way to spotlight new antibodies, and some bright minds would seem to agree, as the Wellcome Trust and Bill and Melinda Gates Foundation have teamed up on a $40 million round for the biotech.