Life science venture funding goes up

April 24, 2007

Having come to the conclusion to leave the hardcore science to better people, I believe it is time to pay a little more attention to the first b in bbgm. Turns out, it is not just the boys in silicon valley who are getting all the VC love, but so is the life science industry. According to the BioHealth Investor, the first quarter of 2007 was the biggest ever quarter for VC funding. A whopping 36% of all investments ended up in the life science sector, with biotech getting the lions share. What I haven’t noticed, and I haven’t really been following too hard, is what kinds of technologies the investment is distributed between. It’s not like biotech has been a really profitable industry and the long investment cycle had made VCs sour in recent years.

Closer to home, John Cook at the Seattle PI reports that in Q1, biotech investments in Washington almost equaled the investments in biotech in all of 2006.

Technorati Tags: Investment, Venture Capital, Washington