Finance Watch: VC Mega-Rounds Are Alive And Well

Aspen Neuroscience, MOMA Therapeutics Raised $147.5m And $150m, Respectively

 
• By Mandy Jackson
  
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Private Company Edition: Also, Catalio closed a $381m venture capital fund and OrbiMed’s SEC filings indicate it is in the process of raising $4.75bn across three new funds. Dianthus launched with $100m and Tubulis closed a $63m series B round.

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Venture capital investors continue to show their enthusiasm for drug development, despite the relative pessimism of their peers investing in publicly traded biopharmaceutical companies, by putting their money into a wide array of start-ups and continuing to support multiple VC mega-rounds of $100m or more, including recent series B rounds totaling $147.5m for Aspen Neuroscience, Inc. and $150m for MOMA Therapeutics.

Aspen Neuroscience plans to take its first autologous cell therapy into the clinic with the proceeds of the financing announced...

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