Silicon Valley Bank January, 2020
2020 Annual Report Hot IPO Market Drives the Healthcare Sector
Continued Robust Fundraising and Investment
US healthcare venture fundraising set a record in 2019, reaching $10.7B, a 10% increase over the previous year. Strong M&A and IPO performance led to great markups and returns for limited partners, in turn, driving the fundraising.
Investment into venture-backed biopharma, medical device (device), diagnostics and tools (dx/tools), and healthtech reached $32B, slightly below the record set in 2018 but far ahead of the 2017 total.
Biopharma investments slightly decreased from a record 2018, while Series A declined 31%. Series A investments in platform surpassed oncology for the first time. Crossover investors continue to...