PR Newswire
SANTA CLARA, Calif., Jan. 6, 2023
Healthcare venture capital funds raised nearly $22 billion, marking 2022 the second largest fundraising year on record
SANTA CLARA, Calif., Jan. 6, 2023 /PRNewswire/ -- SVB, the financial partner of the innovation economy and parent of Silicon Valley Bank, today released its 12th annual Healthcare Investments and Exits Report which shows venture capital fundraising and investment persisted in 2022, remaining at highs second only to 2021's record-setting numbers.
While fundraising activity slowed down in the second half of 2022, a record $50 billion of investible capital raised since 2021 indicates significant potential for future healthcare investment activity. While total healthcare company investment slowed in 2022 -- with successive declines each quarter in both deals and dollars -- it was still the second largest year in healthcare investment on record.
"Many investors were focused on helping existing portfolio companies extend runway and achieve milestones last year," said Jonathan Norris, Managing Director at Silicon Valley Bank and author of the annual Healthcare Investments and Exits report. "Investments were primarily focused on insider rounds while investors sought to buy time during market uncertainty."
The market for IPOs was strained across all sectors in 2022. However, early-stage positive clinical results in 2H redirected some 2021 biopharma IPOs in a positive direction, which could help reinvigorate the public market for the sector.
SVB's annual report analyzes and predicts trends for venture capital investing, fundraising and exits that reflect the biopharma, medical device, diagnostics/tools (dx/tools) and healthtech sectors in the US and Europe.
Notable 2022 Findings:
SVB's outlook on healthcare investment trends for 2023:
"Looking ahead to 2023, while there is still uncertainty in the private investment landscape, the strongest companies will get funded," said Norris.
Norris will present the key findings from the annual report during a webinar on Jan. 25, 2023 at 9:00AM PT. For additional details and to register click here: Healthcare Investments and Exits Webinar: January 2023 (svb.com)
Read the full annual Healthcare Investments and Exits report here: Healthcare Investments & Exits Report | Silicon Valley Bank (svb.com)
SVB is the financial partner of the innovation economy, helping individuals, investors and the world's most innovative companies achieve their ambitious goals. SVB's businesses - Silicon Valley Bank, SVB Capital, SVB Private and SVB Securities - together offer the services that dynamic and fast-growing clients require as they grow, including commercial banking, venture investing, wealth planning and investment banking. Headquartered in Santa Clara, California, SVB operates in centers of innovation around the world. Learn more at svb.com/global.
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SOURCE Silicon Valley Bank
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