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The rise of venture capital and biotechnology in the US and Europe

Biotechnology-based businesses have historically looked to venture capitalists for funding. Our recent survey shows that, unlike the public marketplace, where investors' appetite for biotechnology has waxed and waned the last few years, venture capitalists are staying the course.

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Figure 1: Biotechnology investment area by VC funds in Europe and the United States.
Figure 2: Top ten states for biotechnology VC.
Figure 3: European biotechnology VC sites (number of sites indicated for each country).
Figure 4: Percentage of VC funds that invest in each financing stage.

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Lee, D., Dibner, M. The rise of venture capital and biotechnology in the US and Europe. Nat Biotechnol 23, 672–676 (2005). https://doi.org/10.1038/nbt0605-672

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