In the fourth quarter of 2013, start-up companies raised an aggregate of $1.18 billion, more than double Q3’s $559.4 million. That total is the highest we’ve seen in five years; 89% ($1.04 billion) went to biopharma companies, half of which was from Series A rounds. (Q4 2011’s $692.9 million was the second-highest total in the biopharmaceutical sector.) Seven medical device firms generated $54 million, $11 million more than the previous quarter’s total, while four in vitro diagnostic start-ups raised a combined $81 million. (See Exhibit 1.)
Exhibit 1
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