The View Beyond Venture Capital
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Q1 09 Fundraising Update
www.preqin.com Preqin Ltd. Q1 2009 Private Equity Fundraising Update Special Report 23rd April 2009 © 2009 Preqin Ltd. / www.preqin.com 2 ◄ Q1 2009 Fundraising Update Q1 Overview The Coming Turn in Fundraising As everyone is painfully aware, Fig. 1: fundraising conditions in Q1 2009 were dire. Looking across all private Final Close vs. Original Target equity fund types (venture, buyout, mezzanine, distressed, fund of funds etc.), a total of only 78 funds worldwide achieved fi nal closes, raising $49 billion between them. This represents a return to the kind of levels we were experiencing in 2004 following the trough of the previous fundraising depression. As bad as these headline statistics are, they actually disguise just how bad fundraising conditions had become. Faced with a very diffi cult market, many managers who were on the road decided to cut their losses and declare fi nal closes for funds that may have two-thirds of all funds closed were equity fundraising is set to rebound actually raised most of their funding achieving between 80% and 120% strongly: in interim closes six or twelve months of their targeted amount. Around previously – hence much of the money 15% of funds fell short by more than • LP Intentions: Preqin regularly in the ‘fi nal closes’ total was actually 20%, while 20-25% of funds exceeded surveys LP intentions, and even raised in previous quarters. Very little their targets by 20% or more. The in the depths of the credit crisis new money was committed in Q1 situation deteriorated markedly in Q4 in December 2008 these LPs 2009. -
The Art of Exiteering
THE ART OF EXITEERING In conversation with European tech founders NOTION INSIGHTS Start. Grow. Succeed 1 Notion Insights is published by Notion Capital, 91 Wimpole Street, London W1G 0EF. Registered address: Third Floor, 1 New Fetter Lane, London EC4A 1AN Contact Notion Capital is a trading name of The Fund Incubator +44 (0)845 498 9393 Limited – registered in Scotland Co No SC218683. [email protected] MBM COMMERCIAL, 5th Floor 125 Princes Street, Edinburgh, Scotland, EH2 4AD. Content Authorised and Regulated by the Financial For opportunities to contribute to future editions Conduct Authority. of Notion Insights please contact Kate Hyslop. Reproduction in whole or in part without written Design permission is strictly prohibited. [email protected] © 2017 Notion Capital. All rights reserved. The Art of Exiteering is brought to you by Supported by 2 3 Contents The Art of Exiteering: In conversation with European tech founders 6 / Introduction 44 / Professional Perspectives 82 / The Qlik Story Stephen Chandler Daniel Glazer, Steven Bernard Måns Hultman and Bradley Finkelstein 8 / The Advisor’s View – from the EY Fast Growth Team Wilson Sonsini Goodrich & Rosati 86 / Professional Perspectives Kevin McGovern, Advisor 10/ Executive Summary 49 / The Hybris Story The Art of Exiteering: In conversation Stefan Schmidt 91 / The Thunderhead Story with European tech founders Glen Manchester 54 / The MessgeLabs Story 16 / The Astonishing Tribe Story Ben White, Jos White, Stephen Chandler 96 / The Scansafe Story Hampus Jakobsson and Chris -
Pharma Asset Insights POWERED by SCRIP and in VIVO
Pharma intelligence Pharma Asset Insights POWERED BY SCRIP AND IN VIVO Bringing science innovation and partnering news to the biopharmaceutical business community Pharma intelligence Innovation in the pharmaceutical industry has never been more exciting, and complicated. Disruptive technologies, such as artificial intelligence and digital health tools, and advanced therapeutic modalities including cell and gene therapies and antisense oligonucleotides demand that all health care stakeholders make efforts to move into the next generation of patient care and centricity. Funding for start-ups has reached an inflection point, with venture capital money flowing into companies at a rapid speed and at record-high amounts, particularly for those located in Europe. In 2013 only three life science venture capital rounds surpassed $100 million; by the first quarter of 2018, those financings have become more of the rule than the exception, as 10 venture rounds worth over $100 million were completed, led by a massive $500 million late-stage funding from Moderna Therapeutics. Many of these firms have progressed to the IPO stage, where markets have been very favorable over the past couple years. Indeed, 11 biopharma IPOs netted an aggregate $1 billion in Q1 2018, and included a $56 million offering from BioXcel Therapeutics, which is using artificial intelligence to identify the most promising neurological and immune-oncology drug candidates to advance. Overall, companies involved in mining and applying predictive analytics to big datasets have been well funded recently, including BenevolentAI, which closed on a $115 million financing, and Pear Therapeutics, a digital health company that has raised $50 million and signed on Novartis to market its reSET digital therapeutics product for substance abuse. -
3Rd FCF Life Science Venture Capital Report
FCF Life Science Research 3rd Life Science Venture Capital Report – Financing Trends in Europe and the US Fungi Penicillium Part of FCF Life Science Research Series Executive Summary FCF Overview Funding Development in 2018 Life Sciences: A closer Look C r o s s - border Investment Activity Investor Analysis Life Science Exits 2 Executive Summary The FCF Life Science Venture Capital FCF Life Science Venture Capital Report Recipients Report is a is a comprehensive, standardized analysis for biotechnology, The FCF Life Science Venture Capital Report targets the following standardized report pharmaceutical and medical technology companies, examining recipients: focusing on venture recent venture capital deal trends in the European life science ▪ Corporates / Executives ▪ Venture capital investors capital deal industry ▪ Institutional investors ▪ Family Offices / High- characteristics in the ▪ Private equity investors net-worth individuals biotechnology, ▪ Advisors Selection of Companies pharmaceutical and medical technology The selection of companies is based on the following criteria: Availability segments, and can be used as a quick ▪ Companies operating in the biotechnology, pharmaceutical, The FCF Life Science Venture Capital Report is available on FCF’s reference for medical technology, services or other life science related sectors website at “https://www.fcf.de/de/research/life-science-research“ investors, corporates ▪ Sole focus on transactions involving European life science and professionals companies Data ▪ The therapeutics sector is further divided into the following All input data is provided by Pitchbook, S&P Capital IQ or More advanced, indications: Oncology, Central Nervous System, Infectious GlobalData and is not independently verified by FCF. Ratio and detailed and / or Diseases, Immunology, Ophthalmology, Rare Diseases, multiple calculations are driven based on the input data available. -
United States
UNITED STATES BIOPHARMACEUTICALS 2020 BIOPHARMACEUTICALS UNITED STATES UNITED STATES BIOPHARMACEUTICALS 2020 Research and Development - Contract Services - Drug Discovery Academic Research Regulations and Compliance - East Coast Hubs - Logistics and Distribution Amos i m 0 0 5 Fredericton Timmins Quebec i m 0 0 4 The East Coast Corridor: MAINE i m Bangor The Heart of 0 0 American Biopharma 3 Montreal Augusta Dear Reader, i Ottawa m 0 VERMONT CANADA 0 2 Montpelier NEW HAMPSHIRE Portland Kingston i The United States Biopharmaceutical industry is widely envied m 0 0 Concord around the world, and for good reason. From gene editing, to cell- 1 Welcomebased to therapies, the 2020 toedition profoundly of the new US Biopharmaceuticalways of manipulating Industry immune Report, a jointcells GBR-CPhI to target analysis. cancers, Thetoday’s United science States is being Biopharmaceutical translated into industryprac- is Toronto widelytical envied treatments around forthe patients world, and at breakneck for good reason.speed. FromBiopharma gene editing,com- to MICHIGAN Albany BOSTON cell-basedpanies therapies, have achieved to profoundly remarkable new progressways of manipulating in advancing immune early dis cells- to Rochester MASSACHUSETTS targetease cancers, detection today’s and science enabling is being targeted translated treatments into practical with limited treatments side for NEW YORK patientseffects. at breakneck These innovations speed. Biopharma have catalyzed companies significant have reductionsachieved remark in - Buffalo Providence -
Life Sciences Venture Equity Market Review: the Evolving Role of Crossover Investors
Life Sciences Venture Equity Market Review: The Evolving Role of Crossover Investors June 2021 Securities offered in the United States are offered through Torreya Capital LLC, Member FINRA/SIPC. In Europe such services are offered through Torreya Partners (Europe) LLP, which is authorized and regulated by the UK Financial Conduct Authority. The Market for Equity Privates in Life Sciences TORREYA | PRIVATE LIFE SCIENCES VENTURE FINANCING MARKET REVIEW – JUNE 2021 2 Total Private Venture Financing Volume: 2000-2021 H1 Given volumes in the first half of this year, there is little doubt that 2021 will shape up to be the most active year in history for private financing activity in the life sciences sector. Total Volume of Private Biopharma, Diagnostics and Tools 50000 Financing Rounds by Year Jan 2000 - June 2021 600 (deals over $25mm, excluding medical devices, worldwide) 45000 523 500 40000 35000 373 400 356 30000 334 25000 300 20000 224 226 Transaction Transaction Count 184 200 15000 145 138 121 122 111 10000 109 88 97 96 81 72 100 Aggregate Aggregate Dollar Volume of Private Financings ($mm) 55 5000 40 35 23 0 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 H1 Transaction Count Dollar Volume ($mm) Source: Torreya analysis and records, CapitalIQ and Crunchbase TORREYA | PRIVATE LIFE SCIENCES VENTURE FINANCING MARKET REVIEW – JUNE 2021 3 Fresh Venture Capital Flowing into Life Science Sector We are on track to see record amount raised in life science venture capital in 2021. -
UNITED STATES SECURITIES and EXCHANGE COMMISSION Washington, D.C
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. )* AVROBIO, INC. (Name of Issuer) Common Stock, $0.0001 par value per share (Title of Class of Securities) 05455M100 (CUSIP Number) Atlas Venture Attention: Ommer Chohan, Chief Financial Officer 400 Technology Square, 10th Floor Cambridge, MA 02139 USA (857) 201-2700 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) July 19, 2019 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☒ Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). -
Biotechnology Startups Research Report
GLOBAL BUSINESS CONFIDENCE REPORT 4th Qtr. 2019 B IOTECH NOLOGY STARTUPS RESEARCH REPORT 4th Quarter 2019 www.tradecouncil.org www.qibcertification.org International Trade Council www.tradecouncil.org www.goglobalawards.org Page 1 MARKET OVERVIEW REPORT FOR ENTERPRISE ESTONIA Table of Contents Overview ........................................................................................................................................................................... 3 Industry Definition .......................................................................................................................................................................................... 3 Sectoral Definitions ........................................................................................................................................................................................ 3 Main Activities .................................................................................................................................................................................................. 4 Associated Industries ..................................................................................................................................................................................... 4 Industry at a Glance ......................................................................................................................................................... 5 Industry Overview .......................................................................................................................................................................................... -
REPORT 2015 Vol. 6
REPORT 2015 vol. 6 Forward-thinking articles from our global network of innovation ecosystem experts KFR Staff KF Board of Directors Publisher Brian Dovey, Chairman Kauffman Fellows Press Domain Associates Executive Editor Tom Baruch Phil Wickham Formation 8 Managing Editor Jason Green Anna F.Doherty Emergence Capital Partners Associate Editor Karen Kerr Leslie F. Peters Agile Equities, LLC Production and Design Audrey MacLean Anna F. Doherty Stanford University Leslie F. Peters Susan Mason Printer Aligned Partners Almaden Press www.almadenpress.com Jenny Rooke Copyright Fidelity Biosciences © 2015 Kauffman Fellows. All rights reserved. Christian Weddell Under no circumstances shall any of the information provided herein be construed as investment advice of any kind. Copan About the Editor Phil Wickham Anna F. Doherty is an accomplished editor and writing Kauffman Fellows coach with a unique collaborative focus in her work. She has 20 years of editing experience on three continents in a variety of business industries. Through her firm, Together Editing & Design, she has offered a full suite of writing, design, and publishing services to Kauffman Fellows since 2009. Leslie F. Peters is the Lead Designer on the TE&D team. www.togetherediting.com www.kauffmanfellows.org Town & Country Village • 855 El Camino Real, Suite 12 • Palo Alto, CA 94301 Phone: 650-561-7450 • Fax: 650-561-7451 Venturing into the Industry: Lessons Learned from a VCpreneur Ahmad Takatkah Class 17 My life has been swinging between in Empretec,2 an international entrepreneurship and venture capital for more entrepreneurship training program than ten years now. In each cycle, I get closer that is managed by the United Nations and to my goal, even as I refine my goals further. -
Insurance Technology Four Trillion Dollar Industry Finally Goes Digital
Insurance Technology Four Trillion Dollar Industry Finally Goes Digital Greg Roth, Partner Ben Howe, CEO Matei Sanders, Principal Catch the Wave . Insurance Technology is riding a wave of innovation and investment that is attempting to do in a few short years what the insurance industry itself has failed to do over the last decade: a complete digital migration across all business processes . With $4.6 Trillion in global annual premiums, or 5.6% of global GDP, the insurance industry is a highly attractive market where incumbents have been slow to embrace innovation . There are three competitive threats at work in the insurance market and they all point to Technology Disruption: (1) an explosion of well funded, InsureTech startups; (2) the feared entry of the B2C tech “titans” (i.e. Google, Amazon, Facebook, etc.); and (3) incumbents racing to adopt modern enabling technologies . Investors can sense the opportunity: InsureTech investments are up six-fold over the last five years across at all stages of funding . Whereas this first wave has primarily focused on distribution, a second wave is taking aim at how insurance products are designed, priced, and operated . Incumbents’ initial reaction has been to partner and invest mostly in enabling technology . These market forces point to increased M&A activity as customer demand will make InsureTech solutions key to an insurer’s customer acquisition and retention strategy (# of Private Insurance Tech Investments Ramping Placements) 200 173 150 122 100 91 63 46 50 28 0 2011 2012 2013 2014 2015 2016 Source: Capital IQ, CB Insights 2 Investment in Technology Pays Dividends Investment in Technology Translates to . -
European Life Sciences Start-Ups Maintain Early Investor Allure
invivo.pharmaintelligence.informa.com FEBRUARY 2018 Invol. 36 ❚ no. 02 Vivopharma intelligence ❚ informa European Life Sciences Start-Ups Maintain Early Investor Allure BY JOHN HODGSON AND MIKE WARD US Medtechs Lag In Global Shift IO Is Making Pharma Step Up GE Healthcare: To Value-Based Care Its Diagnostics Game The Strategic Language Of Software invivo.pharmaintelligence.informa.com ❚ LIFE SCIENCES INVESTING LIFE SCIENCES INVESTING ❚ European Life Sciences Start-Ups Maintain Venture capital investment in life sciences companies continues to rise. In 2017, biopharma and medtech start-ups raised $19.7 billion worldwide. European businesses Early Investor Allure retained a robust share of that global take and investors expect that trend to continue. BY JOHN HODGSON AND MIKE WARD t has never been a better have put similar amounts of money into time for life sciences start- finance ventures or Internet companies ups to raise money from or into consumer enterprise or business venture sources. In 2017, services. Looking across all venture in- according to data compiled vestments, health-related VC is around by Informa Pharma Intel- As if to prove that 20% of the $22 billion total in Europe, ligence, venture capitalists estimated by FinSMEs, a pan-sectoral invested a total of $19.7 bil- author Douglas investment website. Biotech accounts for lion in the sector across the around 14% of the total and medtech for globe – some $15.1 billion Adams was right all about another 3%. Shutterstock: Copyright Info Copyright Shutterstock: allocated to 512 biopharma-focused op- Life sciences companies come out well portunities while $4.6 billion was invested along, the leading B as recipients of big ticket venture back- Iin 107 medtech businesses. -
The Healthcare Technology Venture Market in Europe, UK and Yorkshire & Humber About Library Innovation Group (L.I
L.I. Group The Healthcare Technology Venture Market in Europe, UK and Yorkshire & Humber About Library Innovation Group (L.I. Group) The L.I. Group was formed as a spin-out company from the Library House Consulting Department. The company uses established evidence-based research methodologies to deliver strategic insights into innovation-led companies and markets. It also advises public and private sector organisations on strategic issues that involve technology, innovation, entrepreneurship and finance. Project Team: Martin Holi Alexander Jan Stephen Mounsey Dr Jonathan Lawton Dr Siobhán Ní Chonaill Malgosia Rozycka For more information about the contents of this report, please contact: i L.I. Group St John’s Innovation Centre Cowley Road Cambridge CB4 OWS United Kingdom www.li-group.co.uk [email protected] Access To Finance For Healthcare Technologies Programme Access to Finance for Healthcare Technologies is an investment readiness programme established by Yorkshire Forward to assist companies in the Health Technology sectors. The programme addresses three key factors relevant to the Yorkshire & Humber region: • the opportunity to develop investment markets, especially for companies in complex and challenging markets such as healthcare; • the opportunity to engage talented business support professionals able to provide advice and guidance on raising finance in general and especially in this sector; and • a shortage of existing successfully venture backed companies to act as role models, explain the process and showcase the benefits. The programme is scheduled to run for an initial period of three years from January 2009 and is delivered by a consortium of three companies, led by Grant Thornton UK LLP and including Quotec and BITECIC.