Indiana’s life sciences sector sees record venture funding

zA

INDIANAPOLIS (AP) – Indiana’s life sciences sector attracted record $ 257 million in venture capital funding in 2020 despite the state’s economic hardship caused by the coronavirus pandemic, said a Indianapolis-based group.

Total venture capital funding for 2020 was more than triple the amount a year earlier, according to figures from BioCrossroads, which tracks critical funding that helps growing life science companies.

Figures show that 39 Indiana companies signed deals in 2020 for $ 257 million, with an average deal of $ 6.6 million. In 2019, 34 Indiana companies signed deals totaling $ 74 million.

The large increase comes after the state’s 2019 life sciences venture capital funding was the industry’s lowest since 2015, the Indianapolis Business Journal reported.

Venture capital is a critical source of funding for start-up and mid-stage companies that are too young or too untested to go public or merge with a larger company.

Investors provide the money in return for a partial stake in growing companies, which often use the money to pay for expensive clinical trials and to develop prototypes.

The 39 companies that secured venture capital funding in 2020 represented a wide range of therapeutics, devices and health information companies.

Venture capital funding deals ranged in size from $ 10,000 to $ 60.9 million, with just seven companies accounting for the lion’s share, $ 226 million. Thirty-two companies shared the remaining $ 31 million.

News Highlights

  • According to the source Indiana’s life sciences sector sees record venture funding.
  • Check all news and articles from the Science news updates.

Source: Twitter AP

Disclaimer: If you need to update/edit/remove this news or article then please contact our support team Learn more

For Latest Updates Follow us on Google News

Read Next News
  • Show all
  • Trending
  • Most Viewed

Best Sony Cameras

Sony has a wide range of cameras - everything from affordable compact cameras to high-end professional models. Whatever you choose, we're here to ...

Minister Harish Rao Hoist National Flag at Siddipet Historic Tower | TV5 News

Minister Harish Rao Hoist National Flag at Siddipet Historic Tower | TV5 News #Siddipet #HarishRao #republicday TV5 News is Telugu Live news which ...

WATCH LIVE: Pelosi, Schumer and Democratic leaders hold news conference on House

Stream your PBS favorites with the PBS app: Find more from PBS NewsHour at Subscribe to our ...News Highlights: WATCH LIVE: Pelosi, Schumer ...

Man finds precise location of infamous Windows XP background

This hill is ubiquitous but surprisingly difficult to locate in reality. The iconic Windows XP default wallpaper of a sloping green hill under a ...

BOL News Live Streaming | Pakistan News Live | 27th February 2019 | Surprise Day

BOL News Live Streaming | Pakistan News Live | 27th February 2019 | Surprise Day BOL News Live 24/7 Pakistan News Channel BOL News is Pakistan's ...

2019: MBS denies involvement in Khashoggi killing, but takes "full

In 2019, Saudi Crown Prince Mohammed bin Salman told Norah O'Donnell he took "full responsibility" for the murder of Jamal Khashoggi and denied ...

China court orders man to pay wife for housework – BBC News

A Beijing divorce court has ordered a man to compensate his wife for the housework she did during their marriage, in a landmark ruling. The woman ...

Coinbase listing filing shows surge in revenue amid bitcoin boom

According to source Coinbase listing filing shows surge in revenue amid bitcoin boom so lets continue. ...

DOJ exec reminds PNP: Coordinate with PDEA first before anti-drug ops | BT

Justice Undersecretary Adrian Sugay on Thursday reminded the Philippine National Police to coordinate first with the Philippine Drug Enforcement ...

Best Podcast Headphones

When it comes to starting your own podcast, you need one of the best podcast headphones. The type you need depends on your requirements, things like ...

SC not to use WhatsApp groups to share VC links for hearings

In this news, we discuss the SC not to use WhatsApp groups to share VC links for hearings. ...

News Fuse 24 February 2021

OdishaTV is Odisha's no 1 News Channel. OTV being the first private satellite TV channel in Odisha carries the onus of charting a course that ...

Show next
Bollyinside - US Local News & Breaking News Stories
Logo
Compare items
  • Total (0)
Compare
0