European Life Sciences Off to a New Beginning
Life sciences funding in Europe is just a fraction of that received by US startups, and its share of total venture capital dollars remains on the decline, 24 per cent, 22 per cent, and 21 per cent over the past three years, with earlier stages, particularly lacking, though growth capital shows signs of maturing.
FREMONT, CA: Europe, including the UK, produces twice as many scientific papers. In terms of quality, it is also in the lead based on how many times its papers have been cited. Also, the region produces hundreds of high-value patients each year and has 43 out of the top 100 life sciences colleges in the world. Despite this, life sciences funding in Europe is still far less than that received by US startups, and its share of overall venture capital dollars has been declining over the past three years, falling by 24 per cent, 22 per cent, and 21 per cent. Earlier stages are particularly underfunded, though growth capital is beginning to mature. This is distinctive from what has been happening in the tech sector in Europe over the last three to five years, which is interesting. In the past five years, technology investing in Europe has had something of a revival, with European tech venture investment expected to reach USD 113 billion in 2021, up 135 per cent from 2020. Several renowned US funds are reopening offices in Europe. At a rate that no expert had anticipated, Europe is rapidly catching up to the US.
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