There is no startup sector. 2022 has been completely free of market volatility – except perhaps AI – but some have proved stronger than others. Biotech was one of the luckiest.
The sector recorded 1,054 U.S. deals in 2022, worth a combined $30.7 billion, according to Pitchbook data. These figures are In 2021, 1,415 biotech deals totaled $39 billion. But the decline wasn’t as bad as we found: Biotech saw a more modest decline in year-over-year investment (21%) than many other sectors, including fintech (37.7%), consumer tech (53%) and enterprise tech (33%). %)
Comparing the results of any sector to 2021 is a little different, because that year was the last start-up growth. More conservative than the 2020s, 1,143 biotech deals worth $29.6 billion were completed last year.
US biotech deals in 2022 set new records for both average deal size, $33.5 million, and average value, $38 million.
As biotech investors felt the general economic climate was tight last year — and tourist investors were shunning the sector like other sectors — many weren’t impressed that the category fared better than others. Boozy Industries for a few key reasons.
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