A VentureBeat article talks about the recent funding surge for biotech firms and medical device companies this year. While funding is still at a six-year high, it dropped 19 percent this quarter to $1.1 billion, compared to the same period last year when biotech investment reached $1.8 billion, more than double what the industry raised a year earlier. VCs are also, for the first time in six years, eyeing university spinoffs with interest, according to the story. One area that remains hot is medical devices: VCs poured $1 billion into this sector this quarter alone, the highest investment on record.
Feels Like '00: VC Funding Hits New Highs
Jul 26, 2007