NEW: UK #biotech raises more than £830m in fresh capital in Q1, almost topping the £894m raised in first 6 months of 2020.
2021 is on track to be another record-breaking year for UK biotech investment.
bioindustry.org/news-listing/2…
Data provided by @clarivate.
#InvestinBiotech 1/4
2021 is on track to be another record-breaking year for UK biotech investment.
bioindustry.org/news-listing/2…
Data provided by @clarivate.
#InvestinBiotech 1/4
HIGHLIGHTS:
1⃣ £336m was raised in venture capital between December 2020 and February 2021, up from £123m in the same period a year ago
2⃣ £215m was raised through IPO, up from £0 a year ago
3⃣ £279m was raised through follow-on financings, up from £186m a year ago
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1⃣ £336m was raised in venture capital between December 2020 and February 2021, up from £123m in the same period a year ago
2⃣ £215m was raised through IPO, up from £0 a year ago
3⃣ £279m was raised through follow-on financings, up from £186m a year ago
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Following on from a buoyant 2020, large later-stage rounds remain readily obtainable as investors, especially those from the US, continue to see the long-term potential of biotech.
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Raising £336m, the UK biotech sector maintains its position in the global top five and accounted for almost 38% of total European biotech VC financing.🌎
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