FCF Healthcare & Life Sciences Venture Capital Monitor
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USA

The FCF Healthcare & Life Sciences Venture Capital Monitor – USA is a monthly published overview of venture capital trends in the US Healthcare & Life Sciences sector.

FCF Healthcare & Life Sciences Venture Capital Monitor - USA

As of the end of June 2025 we identified the following current VC trends in the United States: 

  • Total Healthcare & Life Sciences funding reached EUR 19,813m.
  • This represents a 5% decline of the funding volume vs. last year continuing the negative trend for Healthcare and Life Sciences funding in the USA in 2025
  • Biotech/Pharma received 44% of the total investment volume (EUR 8,766m) with oncology being the leading indication (26%) 
  • In June, Dispatch Biotherapeutics secured the highest transaction volume with EUR 189m, followed by Athelas with EUR 175m and Commure with EUR 175m 
  • Subsequently, a mega-financing deal worth the equivalent of USD 1 billion was announced in January for Retro, a biotech company conducting research in the field of the central nervous system
  • General Catalyst (United States) is the most active investor (by deal volume in 2025), followed by Illumina (United States) and ARCH Venture Partners (United States) 

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