10 Notable Biotech Companies With Recent Major VC Rounds
As the biotech sector recovers to pre-COVID investment levels, venture capital firms have become more selective in their funding choices. In 2024, private U.S. drug companies raised $3.8 billion in the first quarter, aligning with the $15 billion annual investment seen last year. This marks a return to the investment levels of 2018 and 2019, after a spike during the pandemic in 2021 and 2022. Venture capital firms are also actively raising new funds, with several new and established firms launching significant funding rounds.
However, there is a notable shift in investment focus. Preclinical companies are receiving less funding, while larger private rounds are becoming more common. Clinical-stage companies, particularly those with experienced management teams, are more likely to succeed in pricing IPOs. The broader economic environment and the Federal Reserve's interest rate policies are influencing these investment patterns. As a result, investors are increasingly considering mergers and acquisitions (M&A) and partnerships as viable exit strategies, given the fluctuating IPO market.
Below we list some of the notable venture capital rounds lately, with a focus on innovative technological platforms or breakthrough biology:
Asceneuron SA
The company secured $100 million in Series C funding to develop tau-targeting therapies for neurodegenerative diseases, with a focus on phase 2 clinical trials for Alzheimer’s disease. The company’s lead candidate aims to reduce the accumulation of tau protein tangles in the brain, which are associated with the progression of Alzheimer’s. Asceneuron’s therapies are designed to modify disease progression and improve cognitive function.
AusperBio
funding to advance its targeted oligonucleotide therapies, particularly for hepatitis B. The company’s innovative platform designs and develops oligonucleotide-based treatments that target viral RNA, aiming to achieve functional cures for chronic infections. AusperBio’s therapies offer a new approach to treating viral diseases by directly targeting the genetic material of the virus.
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