Finance Watch: Global Ventures Step Into The Spotlight As The US Takes A Breather

Private Company Edition: I-Mab's $220m Series C round continued the trend of big investments in companies focused on or headquartered in China. Also, Shanghai-based Nuance brought in a combined $35m and European firms dominated recent small financings as US VC deals took a summer break.

Finance Watch

Venture capital investment in US biopharmaceutical companies slowed in early July as Americans dealt with the awkwardness of celebrating a national holiday right in the middle of the work week by taking the whole week off, allowing counterparts in Asia and Europe to enjoy the new funding spotlight.

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